Brazil’s Embraer, the world’s fourth-largest maker of commercial aircraft, has announced a deal to export three regional jets to TAME L‘nea A‘rea del Ecuador. At list prices, the three aircraft sell for about US$70mn.
BNDES, the Brazilian development bank, will provide financing amounting to 80% of the export value. Embraer has a firm order backlog worth US$9.9bn.
Ecuador-based TAME will buy two Embraer 170, each seating 76 passengers, and one Embraer 190, for 104 passengers. TAME still holds options for four Embraer aircraft.
TAME will be the first South American airline to fly the Embraer 170/190 family of aircraft. Deliveries will take place in 2005 and 2006. The airline currently operates a fleet of two Airbus A320, four Boeing 727 and two Fokker F-28.