Embraer announced the sale of the first Embraer 195 jet to Montenegro Airlines. The agreement with the airline from the Republic of Montenegro also includes purchase rights for two more aircraft of the same model.
The value of the deal, at list price, is USD 39.5 million, and could total USD 118.5 million, if all of the purchase rights are exercised. The EMBRAER 195 for Montenegro Airlines will comfortably seat 116 passengers in a singleclass layout and delivery is expected in 2009. The company plans to use the new airplane for key markets on the European continent, including routes to cities like London and Moscow.
Mauro Kern, Embraer Executive Vice President Airline Market stated, “Montenegro Airlines is joining a select group of airlines, worldwide, that have chosen to operate EMBRAER 190 or EMBRAER 195 jets, including, among others, US Airways, Air Canada, Holland’s KLM, Germany’s Lufthansa, Britain’s Flybe, France’s Régional (Air France Group), and Finland’s Finnair,” “We are honored by Montenegro Airlines’ decision, and happy to offer its passengers the most modern and comfortable experience on the market.”
Last June, Embraer delivered the first EMBRAER 195 to Montenegro Airlines through a leasing operation carried out by GE Commercial Aviation Services (GECAS). This leasing contract includes another aircraft of the same model for delivery next year that will increase the airline’s fleet to three EMBRAER 195s by mid-2009.
Zoran, President of Montenegro Airlines said, “We are very satisfied with the performance of the EMBRAER 195 and, for that reason, we decided to invest in expanding our fleet with this aircraft.” “Embraer’s E-Jets family has enjoyed great success with important airlines in Europe, the United States, and Asia, and our decision will allow us to offer the appropriate comfort and capacity for the markets of interest to our customers.”
(c) Centre for Asia Pacific Aviation. Date posted: 17-Sep-08
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Embraer makes first e-jets sale to Montenegro Airlines 
