Embraer has signed an agreement for up to five E190s with Colorful Guizhou Airlines, including two firm orders and three purchase rights. The firm order will be included in Embraer’s 2016 third-quarter backlog. The contract has an estimated value of $249m at the current list price, if all purchase rights are exercised. The two aircraft will be delivered in 2017.
At last year’s Paris Air Show, Colorful Guizhou Airlines placed an order for seven firm E190s, four of which have already been delivered. The deal announced in Paris also included 10 options.
Established in June 2015, Colorful Guizhou Airlines is positioned as a low-cost regional and trunk carrier. It has already opened nine routes, including Guiyang-Zhuhai, Guiyang-Tianjin, Guiyang-Nanjing, etc., transporting over 140,000 passengers over the past eight months.
Embraer says it has now logged 228 firm orders in China, including 190 commercial aircraft, 21 of which are pending government approval, and 38 executive jets. To date, 168 aircraft have been delivered.
Meanwhile, Embraer Executive Jets has announced a firm order with Colorful Yunnan General Aviation Co., Ltd., for two Phenom 300 light business jets. Both aircraft are scheduled to be delivered by the end of this year. They will be used for medical rescue, and disaster-relief work, as well as for customized tourism and high-end leisure and business travel.