Swiss M1 Travel Gets 5 Maybe 10 Brazil’s Embraer 190 E-Jets

Embraer 190 E-Jet manufactured by Brazil's Embraer Brazilian aircraft manufacturer Embraer and Switzerland-based M1 Travel Ltd. have just announced a contract for five Embraer 190 E-Jets, with options for five more of either the same model or the bigger Embraer 195, depending on market demands.

M1 Travel Ltd is a subsidiary of M1 Group and one of the largest shareholders of Geneva-based Flybaboo SA.

The first three Embraer 190s, with deliveries starting in 2008, will be leased by M1 to Flybaboo. The total value of the deal, if all options are exercised, could reach US$ 355 million, at list prices.

The aircraft will be equipped with leather seats, and M1 Travel Ltd. has the option to fit them with a state-of-the-art in-flight entertainment (IFE) system.

The company has also selected the Steep Approach option that will enable them to operate out of London City Airport and will also allow operation out of Switzerland's Sion Airport, as well as Lugano, Switzerland, and Florence, Italy, all requiring airplanes with special performance capabilities.

All of the Embraer 190s leased to Flybaboo SA will support, according to the Brazilian manufacturer, the airline's current development, as well as help it reach new destinations and better serve its market.

Tags:

Ads

You May Also Like

Despite Infrastructure Woes Brazil’s Economy Is World’s 12th

A Gross Domestic Product (GDP) of US$ 729.6 billion, the 12th position in the ...

Brazil’s Shout of the Excluded Celebrates 10 Years of Protest

The demonstrations at the 11th Shout of the Excluded March, with this year’s  theme ...

Brazil Is Back to a Bull Market: Stocks Up 33% This Year

The capital market in Brazil is attracting great attention of investors of other emerging ...

Heavy Debtor Brazil Pardons Mozambique Debt

During the meeting yesterday between the presidents of Mozambique, Joaquim Alberto Chissano, and Brazil, ...

Song of Jilted Love

Waiter By Rodolfo Espinoza A composer, who for more than three decades has been ...

Brazilian workers march in the street

Brazil’s Former Union Leader Lula Curbs Civil Servants’ Strikes

Brazil plans to limit the right of civil servants to strike demanding that in ...

Aon Affinity Makes Brazil Its Latin American Base

Aon Corporation, a company headquartered in Chicago and specialized in risk management and human ...

‘Brazil Is Not Nuclear,’ Says Balloon Crisscrossing the Country

The environmental organization, Greenpeace, launched the campaign “Brazil is not nuclear” to protest plans ...

Lula’s Popularity Is Up Again in Brazil

The government’s favorable rating went from 29% in June to 38% in the latest ...

Best-seller Books, Plays and Movies

By Brazzil Magazine PLAYS RIO E Aí, Comeu? (Tell Me, Did You Screw Her?)—Comedy. ...