Tianjin And ICBC Sign E-Jet Agreements

Tianjin Airlines has signed a purchase agreement with Embraer for E-Jets and E-Jet E2s. The deal was concluded during Chinese President Xi Jinping’s visit to Brazil.

The contract is for 40 aircraft split equally between the two model types. Worth $2.1bn, the deal will make Tianjin Airlines the first airline in the world to operate both models. Embraer will deliver the first E-Jets in 2015 and the first E-Jet E2s in 2018.

Meanwhile, Chinese lessor ICBC Financial Leasing has placed a firm order for 10 E190-E2 Jets, with the option to buy a further 10 aircraft. The deal is worth up to $1.1bn at current list prices and deliveries are slated to start in 2018.

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