Embraer Inks First Deal for Passenger to Freighter E-Jet Conversions

Monday, June 27, 2022 at 05:03 PM ET

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The deal follows a lease agreement in May with Nordic Aviation Capital (NAC) for up to 10 conversion slots for E190F/E195F. [Courtesy: Embraer]

Key Takeaways:

Embraer has secured its first firm contract with an undisclosed customer for up to 10 E-Jets Passenger to Freight (P2F) conversion aircraft, with deliveries expected to begin in early 2024.
This deal follows an earlier lease agreement with Nordic Aviation Capital (NAC) for up to 10 E-Jet P2F conversion slots.
The E-Jet P2F program aims to fill a market gap between turboprops and larger narrow-body cargo aircraft, offering increased volume capacity, extended range, and lower operating costs.

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Airplane manufacturer Embraer (NYSE: ERJ) announced that it signed its first contract with an undisclosed customer for 10 of its Embraer E-Jets Passenger to Freight (P2F) conversion aircraft, a model announced by CEO Francisco Gomes Neto during the company’s first quarter earnings call in April.

The deal follows a lease agreement in May with Nordic Aviation Capital (NAC) for up to 10 conversion slots for E190F/E195F.

Michael Wildes holds a master’s degree in Logistics & Supply Chain Management, and a bachelor’s degree in Aeronautical Science, both from Embry-Riddle Aeronautical University. Previously, he worked at the university’s flight department as a Flight Check Airman, Assistant Training Manager, and Quality Assurance Mentor. He holds MEI, CFI & CFII ratings. Follow Michael on Twitter @Captainwildes.