SAO JOSE DOS CAMPOS, Brazil, July 20 /PRNewswire-FirstCall/ -- Embraer and Flybe, one of Europe's leading low-cost and regional airlines, signed a contract for the sale of 35 EMBRAER 175 jets, today, at the 47th Farnborough International Airshow, in England. The deal includes 65 options and 40 purchase rights, giving the order a potential for 140 EMBRAER 175s. The total value of the contract, at list price, is US$ 1.3 billion, based on January 2010 economic conditions, and could reach US$ 5.0 billion, if all options and purchase rights are exercised.
The British airline's EMBRAER 175 jets will be configured in a single-class layout, seating up to 88 passengers with comfortable, 30-inch pitch (76 cm) Elite seats. The first aircraft is scheduled for delivery in the second half of 2011.
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Embraer (Empresa Brasileira de Aeronautica S.A. - NYSE: ERJ; BM&FBovespa: EMBR3) is the world's largest manufacturer of commercial jets up to 120 seats, and one of Brazil's leading exporters. Embraer's headquarters are located in Sao Jose dos Campos, Sao Paulo, and it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the United States. Founded in 1969, the Company designs, develops, manufactures and sells aircraft for the commercial aviation, executive aviation, and defense segments. The Company also provides after sales support and services to customers worldwide. On June 30, 2010, Embraer had a workforce of 16,781 employees – not counting the employees of its partly owned subsidiaries – and its firm order backlog totaled US$ 15.2 billion.SOURCE Embraer