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Embraer Wins Order from India's Jet Air (25 Jul 2002)

Brazilian aerospace company Embraer has clinched its first major aircraft deal in Asia, with an order for 10 of its new 175 series aircraft with options for an additional 10 from India's fast growing private domestic airline, Jet Airways.

The order is worth about US$260 million and may reach US$520 million if the options are all converted.

Jet Air's selection of the Embraer 175 provides Embraer with its first entry into the Asia market, described as a 'remarkable milestone' by the aircraft maker's president and chief executive officer Mauricio Botelho.

Embraer has been specialising in the emerging 60 to 120 seater small aircraft market, and the Jet Air deal may mean that Embraer has chosen the right path in the design of its new commercial jet family, offering a combination of flexibility, comfort, performance and pricing.

The Embraer 175 has four main doors and no over-wing exits so as to offer airlines maximum cabin configuration flexibility for dual class, single class or high-density seating arrangements.

Jet Airways is India's largest private domestic airline, operating an average of about 240 flights per day and connecting 41 destinations within India. The airline has one of the youngest fleets in Asia.

The award winning airline has achieved a market share of less than 50 per cent of the Indian domestic market in a short span of nine years, giving the state-owned Indian Airlines a run for its money.

Tthe Indian domestic air market has huge growth potential and he was optimistic about the 'rapid growth of markets that require a 70-80 seater aircraft'.

Deliveries are expected to begin in the third quarter of 2004 and stretch through to 2007.

The Sao Paulo headquartered aerospace company is Brazil's largest exporter and currently has an order book of US$10 billion and US$13.7 billion in options.