Embraer signs sales agreement with Colorful Guizhou Airlines for 5 E190s

Embraer has signed an agreement for up to five E190s with Colorful Guizhou Airlines, including two firm orders and three purchase rights, the company said.

The company said the firm order will be included in Embraer´s 2016 third-quarter backlog. The contract has an estimated value of USD249 million at the current list price, if all purchase rights are exercised. The two aircraft will be delivered in 2017.

Colorful Guizhou Airlines is positioned as a low-cost regional and trunk carrier with nine routes, including Guiyang-Zhuhai, Guiyang-Tianjin, Guiyang-Nanjing, etc., transporting over 140,000 passengers over the past eight months.

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.