Helvetic Airways signs LoI for up to 24 E2s from Embraer

Embraer has announced that Zurich-based Helvetic Airways has signed a Letter of Intent (LoI) for 12 E190-E2 and purchase rights for a further 12, with conversion rights to the E195-E2, the company said.

If all purchase rights are exercised, the deal has a list price of USD 1.5 billion. The order will be included in Embraer´s backlog as soon as it becomes firm, which will happen in the coming months.

The first 12 E190-E2 aircraft will begin replacing Helvetic´s five Fokker 100s and seven E190s, starting in late 2019 and completing in autumn 2021. The purchase options for a further 12 aircraft (E190-E2 or E195-E2) will enable Helvetic Airways to grow according to market opportunities.

Embraer is the world´s leading manufacturer of commercial jets up to 150 seats. The Company has 100 customers from all over the world operating the ERJ and E-Jet families of aircraft. For the E-Jets program alone, Embraer has logged more than 1,800 orders and 1,400 deliveries, redefining the traditional concept of regional aircraft.

Helvetic Airways AG operates seven Embraer 190 and five Fokker 100 aircraft. Four Embraer 190 aircraft are in the long-term service of Swiss International Air Lines as part of an ACMI partnership. Helvetic Airways uses the remaining aircraft for ACMI flights and their own scheduled and charter business. Helvetic Airways also operates a maintenance facility at Zurich airport (EASA Part 145). The company currently employs 440 staff.

Helvetic Airways has worked in close cooperation with Horizon Swiss Flight Academy Ltd., Kloten, Switzerland since April 2008. Both companies are part of the Helvetic Airways Group.