Embraer, Helvetic Airways Sign Letter of Intent for Up to 24 E2s
Farnborough, July 17, 2018 – Embraer announced today at the Farnborough Air Show that Zurich based Helvetic Airways has signed a Letter of Intent (LoI) for 12 E190-E2 and options for a further 12, with conversion rights to the E195-E2. If all options are taken, the deal has a list price of USD 1.5 billion. The order will be included in Embraer’s backlog as soon as it becomes firm, which will happen in the coming months.
The first 12 E190-E2 aircraft will begin replacing Helvetic’s five Fokker 100s and seven Embraer E190s, starting in late 2019 and completing in autumn 2021. The purchase options for a further 12 aircraft (E190-E2 or E195-E2) will enable Helvetic Airways to grow according to market opportunities.
Tobias Pogorevc, CEO of Helvetic Airways, said, “Our existing Embraer fleet is performing with excellent dispatch rates and our Fokker 100s have been very productive in the last 12 years. However, with the new E2 family, Helvetic will consolidate its highly reliable operation with the quietest and most efficient next generation aircraft available. Furthermore, moving from the current E190 to the E2 fleet will be simple for our well-trained pilots as only two and half days of ‘non-simulator’ transition training is needed.”
“Being entrusted with an airline’s entire fleet refreshment is a deep honour for Embraer, and an important endorsement of the service Helvetic has already received as a long term E-Jet customer,” said Martyn Holmes, Vice President Europe, Russia, Central Asia & Leasing, for Embraer Commercial Aviation. “Respect for the environment in which they operate, coupled with a clear desire to grow, makes the E2 – the cleanest, quietest, and most efficient aircraft family in the segment – the perfect solution to help realise Helvetic’s significant ambitions.”
Helvetic’s plans to operate to London City Airport in the future received a further boost last week (13th July) when the E2 made its debut at the airport located in the city of London.
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Embraer is a global company headquartered in Brazil with businesses in commercial and executive aviation, defense & security. The company designs, develops, manufactures and markets aircraft and systems, providing customer support and services.
Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. About every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 145 million passengers a year.
Embraer is the leading manufacturer of commercial jets up to 150 seats. The company maintains industrial units, offices, service and parts distribution centers, among other activities, across the Americas, Africa, Asia and Europe.
Helvetic Airways provides a range of short- and medium-haul European air services from its Zurich (Switzerland) base. The Helvetic Airways fleet currently consists of 11 Embraer E190-E1 aircraft. The first of 12 new Embraer E190-E2s will be added to the fleet from autumn 2019 onwards. Up to ten Helvetic aircraft are operated on behalf of Swiss International Air Lines under a long-term aircraft, crew, maintenance and insurance (ACMI) lease agreement. The Helvetic Airways workforce currently numbers some 450 employees.
Helvetic Airways has been working closely with Horizon Swiss Flight Academy AG (www.horizon-sfa.ch), which is based in Kloten, Switzerland, since 2008. Both companies are part of the Helvetic Airways Group, which is domiciled in Freienbach, Switzerland.
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