October 6, 2016 / 3:42 PM / 2 years ago

Embraer says Aercap leases 5 next-generation jets to Turkey's Borajet

SAO PAULO, Oct 6 (Reuters) - Brazil’s Embraer SA, the world’s third-largest commercial planemaker, said on Thursday that leasing company AerCap Holdings NV had placed five of its next-generation E-Jets with Turkish carrier Borajet Airlines.

Deliveries will begin in 2018 on the long-term leases for three E190-E2s and two E195-E2s, with geared turbofan engines offering improved fuel efficiency, Embraer said in a statement issued jointly with Aercap and Borajet during the Istanbul Airshow.

Those are the first E-Jets placed by AerCap, the launch lessor for the E2 program, with 50 firm orders already in Embraer’s backlog.

Borajet Chairman Fatih Akol said in the joint statement that his carrier, which flies current-generation E190 and E195 aircraft to more than 80 cities, plans to add more E2 aircraft in the future. He said the airline plans to invest $1.5 billion. (Reporting by Brad Haynes; Editing by Daniel Flynn and W Simon)

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