22 out of 60 Brazilian Planes to be delivered to China

22 out of 60 Brazilian Planes to be delivered to China

Brazil’s plane maker Embraer recently announced the selling of 22 aircrafts to China’s Tianjin Airlines for 1.1 billion U.S. dollars.

The deal is part of a purchase agreement for 60 aircrafts, which was announced during Chinese President Xi Jinping’s official visit to Brazil in July 2014, for participation in the BRICS Summit.

The 22 unit transaction was unveiled during Chinese Prime Minister Li Keqiang’s official visit to Brazil in May, when he met with Brazilian President Dilma Rousseff in Brasilia.

Embraer stated that the sale includes twenty E195 and two E190-E2 planes, which will be the first batch of this kind being operated by a Chinese aviation company.

The first E195 aircraft will be delivered in 2015, while the E190-E2 will be received by Tianjin Airlines as from 2018.

Embraer is expected to deliver around 6,350 aircrafts between 2015 and 2034, with an estimated cost of 300 billion U.S. dollars. North America will have 32%of these new planes, followed by Europe with 18%, China with 16%, Latin America, 11%, Asia Pacific, 9% and the rest for other regions.

Tianjin Airlines, which operates in China’s regional market with some near international destinations, is currently the company holding the largest Embraer aircraft fleet in Asia, with a total of 50 E190s.

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