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Tuesday, 19 November 2019

CIAF Leasing signs USD 161 mn agreement with Embraer for three aircraft

CIAF Leasing has agreed to buy three new E190 aircraft from aerospace firm Embraer for USD 161.4 mn, the Brazilian conglomerate announced in a statement yesterday. The agreement, signed during the Dubai Airshow this week, will see the planes delivered in 4Q2020. CIAF already has three Embraer planes in its fleet, two of which are leased to Jasmin Airways, the other with Air Cairo. CIAF Leasing is a joint venture between state-backed shareholders and US leasing company Aviation Capital Group.

Also from the airshow: EgyptAir has received the sixth A220-300 Airbus from Canada’s Bombardier as part of a contract that will see it receive 12 planes by 1H2020, the flag carrier said in a statement. The airliner also signed two agreements with Irish airplane leasing company AerCap for two Dreamliner B787-9 jets to join its fleet, as well as to receive seven of a total of 15 A320neo planes under an older contract, Al Mal reported.

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