Flybe Purchased Embraer Worth $1.3 Billion

Flybe, Britain’s biggest domestic airline, purchased 35 88- seat Embraer 175 aircraft worth $1.3 billion, while Steven Udvar-Hazy’s Air Lease Corp. said at the Farnborough Air Show that it would buy 15 larger 190 planes valued at $600 million

At the 47th Farnborough International Airshow on July 20, ALC also signed a letter of intent with Embraer for 15 Embraer 190s. Five of the 15 orders are re-confirmable, and the deal also includes five options to give the manufacturer a potential sale of 20 Embraer 190s.

Embraer said Monday it agreed to sell two E-190 planes to Trip Linhas Aereas for a total of $80 million. The planes seat from 70 to 122 passengers, according to Tuesday's statement.

Tags: embraer 175, bombardier