Press release from Business Wire
ILFC Finalizes E-Jets E2 Order with Embraer
<p class='bwalignc'> <i><b>Deal Includes Firm Orders For 50 E-Jets E2 With Additional 50 Options</b></i> </p>
Wednesday, July 17, 2013
ILFC Finalizes E-Jets E2 Order with Embraer08:00 EDT Wednesday, July 17, 2013
LOS ANGELES (Business Wire) -- International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today that it has finalized an order for the purchase of 50 E-Jets E2 aircraft from Embraer, including 25 E190-E2 and 25 E195-E2. The order also includes options for an additional 50 aircraft.
"This order for the E-Jets E2 aircraft is in line with our current fleet strategy, which aims to provide our customers with a diverse mix of aircraft for their market-specific needs," said ILFC Chief Executive Officer Henri Courpron. "We see opportunities to place this new jet within ILFC's current customer base in all of our worldwide markets. We will also leverage access to the existing operators of the current version of Embraer to offer them the new E2."
These ILFC jets will be powered by two PurePower engines. The PurePower family of engines uses an advanced gear system allowing the engine's fan to operate at a different speed than the low-pressure compressor and turbine. The combination of the gear system and an all-new advanced core deliver the improvements in fuel efficiency, environmental emissions and noise.
Deliveries of the E-Jets E2 are expected to begin in 2018 and complete in 2023. The E-Jets E2 are configured with new aerodynamically advanced wings, new engines, full fly-by-wire flight controls, and advancements in other systems, which will result in double-digit improvements in fuel burn, maintenance costs, emissions, and external noise.
Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) is the world's largest manufacturer of commercial jets up to 120 seats, and one of Brazil's leading exporters. Embraer's headquarters are located in São José dos Campos, São Paulo, and it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the USA. Founded in 1969, the Company designs, develops, manufactures and sells aircraft and systems for the commercial aviation, executive aviation, and defense and security segments. It also provides after sales support and services to customers worldwide. For more information, please visit www.embraer.com.br.
International Lease Finance Corporation (ILFC) is a global market leader in the leasing and remarketing of commercial aircraft. With approximately 1,000 owned and managed aircraft and commitments to purchase 336 new high-demand, fuel-efficient aircraft with 50 options for the E-Jets E2, ILFC is the world's largest independent aircraft lessor. ILFC has approximately 200 customers in more than 80 countries and provides part-out and engine leasing services through its subsidiary, AeroTurbine. ILFC operates from offices in Los Angeles, Amsterdam, Beijing, Dublin, Miami, Seattle, and Singapore. ILFC is a wholly owned subsidiary of American International Group, Inc. (AIG). www.ilfc.com | Twitter: @ILFCGlobal
American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange. Additional information about AIG can be found at www.aig.com
Paul Thibeau, +1 310-788-1999