Thu, Apr 14, 2011
Leasing Company Plans To Buy A Total Of 30 Of The Aircraft
A tripartite signing ceremony was held in Beijing, P.R. China on
Wednesday among Embraer, CDB Leasing Co., Ltd. (CLC) and China
Southern Airlines Co., Ltd. CLC confirmed the purchase of a second
batch of ten Embraer 190s as a follow-on order to an agreement
concluded earlier this year when a first group of ten Embraer 190
was ordered. In addition, a Letter of Intent (LOI) was also signed
during the ceremony for a third group of ten Embraer 190s, which,
if confirmed, will bring the total CLC order to 30 aircraft, which
translates into a list price amount of $1.25 billion.
"The continuous growth of the Chinese regional aviation market
has opened up opportunities for airlines expanding their services
in complete agreement with the central government policy. We are
proud that the Embraer 190 has been recognized as an ideal tool to
perform such role," said Paulo Cesar de Souza e Silva, Embraer
Executive Vice President, Airline Market.
"These orders further consolidate CLC's cooperation and
relationship with Embraer and China Southern," said Wang Chong, CLC
"We enjoy the sound cooperation with Embraer and have full
confidence in its products. The Embraer 190 is a successful
aircraft, well received by the worldwide market, with proven
economics and performance. The new jets will be operated in
Xinjiang to boost the regional economic development. The deal
strengthens the partnership between China Southern and Embraer,"
said Xu Jiebo, Vice President of China Southern Airlines.
All thirty Embraer 190s ordered by CLC will be operated by China
Southern Airlines, the country's largest airline, and the third
airline in the world. China Southern Airlines will start receiving
the Embraer 190 during the second half of this year.
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