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TrueNoord Places $1.8 Billion Order for 20 Embraer E195-E2s, Adds Rights for 30 More

Moody's moved Embraer's outlook to positive following the announcement.

Overview

  • The purchase marks TrueNoord’s first direct order with an aircraft manufacturer as it expands its regional leasing portfolio.
  • The agreement includes purchase rights for up to 20 additional E195-E2s and 10 E175-E1s.
  • Neither Embraer nor TrueNoord disclosed a delivery schedule for the aircraft.
  • Embraer’s shares rose more than 2% in early trading as Moody’s affirmed its Baa3 rating and shifted the outlook to positive.
  • Embraer positions the E195-E2 as a larger, more efficient regional jet, seating up to 146 with roughly 29% lower fuel burn than previous-generation E-Jets.