Embraer E195-E2 and E190-E2 Receive Type Certification in Canada

Embraer said the E195-E2 jet burns 25 percent less fuel than the previous-generation aircraft.

Aircraft manufacturer Embraer (NYSE: ERJ) announced today that its family of E2 commercial jets, which include the E195-E2 and E190-E2, received type certification from Transport Canada Civil Aviation (TCCA).

The certification is the latest for the aircraft, which have also received certification from ANAC (Brazil), the FAA, and the European Union Aviation Safety Agency (EASA).

Embraer said in a statement that the first of 50 E195-E2 deliveries to Porter Airlines, A Toronto-based carrier, will happen at Embraer’s headquarters in São José dos Campos, Brazil, in the coming days. The OEM said it would also be the first E195-E2 to operate in North America.

Porter’s order with Embraer is for up to 100 E195-E2s, with 50 being firm commitments and 50 as purchase rights. Embraer said the deal is worth $5.82 billion at the list price, with all options exercised. The OEM also noted that Porter placed another firm order for 20 more aircraft this year, worth $1.56 billion.

Embraer said the E195-E2 burns 25 percent less fuel than the previous-generation aircraft. Meanwhile, the jet is expected to emit 17 percent fewer emissions, Embraer said. 

In its third-quarter earnings update earlier in November, Embraer said its firm order backlog reached $17.8 billion. For the third quarter, it reported $929 million in third-quarter revenue and told investors that it had delivered ten commercial jets and 23 executive jets during the period.

CEO Francisco Gomes Neto, however, told investors that while business was strong, supply chain woes continued to impact its output.


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