Airlines NAC orders three Embraer E190 and signs lease agreement with HOP!

  • HOP!

Aircraft manufacturer Embraer and leasing firm Nordic Aviation Capital (NAC) have signed a firm contract for three E190 aircraft.

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The order originates from a Letter of Intent (LoI) signed in July at the Farnborough International Air Show 2018. Based on Embraer´s current list prices, the deal has a value of US$ 156 million. The order will be included in the manufacturer´s fourth quarter backlog.

These new aircraft will join the existing fleet of 155 E-Jets that are currently owned by NAC. The leasing firm is known as loyal Embraer customer. NAC has specialized its business model for the regional aviation market. The firm also leases ATR 72-600 turboprop aircraft and various other regional aircraft.

Additionally, NAC has announced it signed a lease agreement with Air France subsidiary airline HOP!. The carrier will take delivery of seven new Embraer E190 aircraft to boost its network. The first aircraft is expected to join the HOP! fleet this month.

Hélène Abraham, Sales, Marketing and Products Director for HOP! said: “HOP! is glad to reaffirm its long-term and trustful relationship with Embraer and NAC, by finding solutions to support its industrial project. These additional seven E-Jets will bring the total HOP! E-Jet fleet to 32 (81 E-Jets in total for the Air France KLM group, biggest European operator).”

“We are delighted to further extend our long existing commercial relationship with HOP! on the placement of seven additional new aircraft,” added Martin Møller, Chairman of NAC.

Embraer is a manufacturer of commercial jets and the leading company in the 150 seats sector. The company has delivered ERJ and E-Jet Family aircraft to over 100 worldwide customers. The E-Jet program alone has logged in nearly 1,800 orders and 1,400 deliveries to date.

NAC is an industry leading regional aircraft lessor and has over 70 airline customers in over 50 countries. Carriers such as Lufthansa, Azul, LOT, Air Canada or airBaltic are relying on the company. Currently, NAC owns and manages a fleet of nearly 500 aircraft, including ATR 42s, ATR72s, Bombardier Dash 8s, CRJ900s, CRJ1000s, A220s, E170s, E175s, E190s and E195s.

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