Embraer Sells 5 Embraer 190 Jets to China's Kun Peng Airlines
The airline will be the second operator of the E-Jets in mainland China
(Sao Jose dos Campos, July 11, 2008) -- Embraer and Kun Peng Airlines Co., Ltd., one of the main operators in the Chinese regional aviation market, signed a contract for five firm orders for the EMBRAER 190 jet, marking an important expansion of Embraer's presence in mainland China. The total value of this agreement is US$ 187.5 million, at list price.
"We are much honored to have Kun Peng Airlines as our new E-Jets family customer," said Mauro Kern, Embraer Executive Vice President, Airline Market. "We have always been confident in China's regional aviation market expansion, and this is an extremely positive sign in that direction. I firmly believe that our customer-friendly EMBRAER 190 will make a strong contribution to Kun Peng Airlines' growth plans and will please Chinese passengers."
Headquartered in Xi'an City, Kun Peng Airlines is a joint venture between China's Shen Zhen Airline and the Mesa Air Group, of the United States, with the Chinese company holding the larger share. Since its start-up in September 2007, Kun Peng already has more than 20 routes in operation. The new EMBRAER 190 of the Chinese airline will be configured with 98 seats in a comfortable dual-class layout, and the first delivery is scheduled for 2008.
"Introducing the EMBRAER 190 jet fits our company's strategy perfectly, and we believe it will definitely benefit both of us, Kun Peng and Embraer, in our long-term cooperation," said Mr. Zhang Pei, General Manager of Kun Peng Airlines. "Kun Peng Airlines is dedicated to building itself into the most sizable, characteristic, and competitive regional airline in China, to promote the development of the Chinese regional aviation industry, and to contribute to China's harmonious civil aviation progress."
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