Embraer wins Saudi deal

Embraer has made a key breakthrough, selling 15 aircraft to Saudi Arabian Airlines. The deal marks the first sale of regional jets within the Middle East.

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By  Neil Denslow Published  April 25, 2005

Embraer has made a key breakthrough in the Middle East, selling 15 aircraft to Saudi Arabian Airlines. The deal marks the first sale of regional jets within the Middle East. The airline plans to hold a signing ceremony on Wednesday for the acquisition of 15 two-class 66-seat Embraer 170s, which will be used on domestic and regional routes. The deal is worth up to US $450 million at list prices. The first aircraft delivery is scheduled for December 2005. Saudi Arabian Airlines said the contract also included establishing a maintenance centre, as well as the provision of a flight simulator and all of the necessary support equipment to be used in training and maintenance for the new aircraft. “I am sincerely pleased with our selection, as Embraer’s new jet will provide Saudi Arabian Airlines with the possibility to expand our domestic and regional aviation activity. By right-sizing our fleet with the Embraer 170, we are aiming at better serving our domestic and regional markets,” said H.E. Dr. Khaled A. Ben-Bakr, Director General Saudi Arabian Airlines. The aircraft will offer our valued customers optimum comfort and a highly reliable service," he added. "Our choice reflects the level of confidence we have in Embraer as a leading manufacturer of commercial jets.” The airline announced its planned purchase on Friday but did not indicate which company would be the supplier. However, it did say that the purchase would be fully self-financed by the airline.

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