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Brazil’s Embraer wins order for 20 aircraft from U.S. lessor Azorra

Reuters
Reuters
The logo of Brazilian jets maker Embraer is seen on a factory in Sao Jose dos Campos

SAO PAULO – Brazilian planemaker Embraer SA announced on Monday that U.S. lessor Azorra has placed an order for 20 new E2 aircraft and has signed a deal for purchase rights on an additional 30 aircraft.

The transaction was valued at $3.9 billion, Embraer said in a securities filing. “Deliveries will begin in 2023, adding (a) further 20 Embraer aircraft to the 21 already in Azorra’s existing and committed portfolio,” it added.

(Reporting by Gabriel Araujo; Editing by David Goodman)

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