Latest news with #E195E2
Zawya
07-07-2025
- Business
- Zawya
SAS places record order for 55 Embraer aircraft to power future growth and regional connectivity
Copenhagen - Scandinavian Airlines (SAS) has entered into an agreement to acquire 45 Embraer (NYSE: ERJ; B3: EMBR3) E195-E2 aircraft, with purchase rights for an additional 10 aircraft — the largest SAS jet order direct from a manufacturer since 1996. This milestone agreement supports SAS' long-term fleet renewal strategy, which is focused on increasing efficiency, reducing emissions, and unlocking future growth opportunities from its global hub in Copenhagen as well as across its Scandinavian and international network. The first aircraft deliveries from Embraer are scheduled to begin in late 2027, with further deliveries extending over approximately four years. Excluding purchase rights, the value for the order is approximately US$4 billion. 'This is a defining moment for SAS,' says Anko van der Werff, President & CEO, SAS. 'The Embraer E195-E2 is a world-class aircraft, combining outstanding performance with excellent fuel efficiency and comfort. This aircraft is key to enabling future growth and improved connectivity across Scandinavia and beyond. We've taken the time to make the right decision — and this major investment reflects our confidence in the future and the strength of the agreement we've secured.' The E195-E2 will play a vital role in optimizing SAS' operations and enhancing connectivity across Scandinavia and Europe. Its size and range are ideally suited to complement SAS' existing fleet and route structure, allowing for more frequencies, better network flexibility, and lower trip costs. Built for the future of sustainable aviation 'The E2 is central to our strategy to build a modern, efficient fleet with strong performance. It enables us to serve more routes with lower emissions, better economics, and a premium experience for our passengers,' adds Van der Werff. 'Together with Embraer, we are setting the course for the next chapter of SAS.' The E2 family of aircraft has already been tested with 100% sustainable aviation fuel (SAF) and is in the process of being fully certified to fly on 100% SAF in the foreseeable future. Today blends of up to 50% SAF are already achievable. Arjan Meijer, President and CEO Embraer Commercial Aviation, says: "We are thrilled to deepen our partnership with SAS through this landmark deal. The E2 is the quietest single aisle jet available today - 29% more fuel efficient and with a 62% reduction in noise footprint over the previous generation jet, the E195-E2 is a game-changer in terms of efficiency, performance, and passenger comfort. We are confident that these aircraft will play a crucial role in SAS' fleet renewal and expansion strategy, supporting their ambitious growth plans and enhancing their operational capabilities." Powered by Pratt & Whitney's advanced PW1900G GTF engines, the E195-E2 delivers double-digit reductions in fuel burn, emissions, and noise compared to previous-generation aircraft. The new fleet will help lower SAS' environmental footprint and reinforce its position as a driving force in reducing aviation's climate impact. This order marks another step in SAS' future-focused transformation, supporting a modernized fleet and improved travel experience. SAS continues to strengthen its overall network and international reach while enhancing connectivity between regional cities and global destinations through more seamless and sustainable operations. This order was facilitated by the support of Skyworks Holding. SAS was recently ranked as the world's most punctual airline*, a testament to the company's commitment to operational excellence and reliability. *SAS ranked No. 1 out of 660 airlines globally for on-time performance in April and May 2025 (source: Cirium). About SAS SAS, Scandinavia's leading airline since 1946, operates a global hub at Copenhagen Airport (CPH), complemented by hubs in Oslo (OSL) and Stockholm (ARN). Our mission is to connect Scandinavia with the world and the world with Scandinavia. Each year, SAS serves more than 25 million passengers and transports 60,000 tons of cargo to 135 destinations across Europe, the USA, and Asia. With a relentless focus on operational excellence, SAS ranks as the most punctual airline in Europe and the world. Together with a passionate workforce of over 10,000 colleagues, we collaborate with partners and customers to drive transformative changes in aviation. We are committed to achieving net-zero emissions by 2050, embodying the visionary spirit of our founders: 'To move from the old to what is about to come, is the only tradition worth keeping.' Innovation and societal progress are at the heart of everything we do. SAS joined SkyTeam in September 2024, and together with our partner airlines, we offer a wide network worldwide. For more information, visit our website at or follow us on social media for the latest updates and promotions. About Embraer Embraer is a global aerospace company headquartered in Brazil, with businesses in Commercial and Executive Aviation, Defense and Security, and Agricultural Aviation. The company designs, develops, manufactures, and markets aircraft and systems, providing comprehensive after-sales services and support. Since its founding in 1969, Embraer has delivered over 9,000 aircraft. On average, one Embraer-manufactured aircraft takes off every 10 seconds somewhere in the world, transporting over 150 million passengers annually. Embraer is the leading manufacturer of commercial jets with up to 150 seats and the top exporter of high-value-added goods in Brazil. The company maintains industrial units, offices, service, and parts distribution centers across
Globe and Mail
02-07-2025
- Business
- Globe and Mail
Embraer Wins $4B Scandinavian Airlines Order to Supply 55 E195-E2 Jets
Embraer S.A. ERJ recently secured a delivery order from Scandinavian Airlines ('SAS') to supply 45 of its E195-E2 aircraft, with the option to deliver 10 more such aircraft. The first jet deliveries are anticipated to begin in late 2027, with subsequent deliveries lasting around four years. The order's worth, excluding purchase rights, is around $4 billion. The aforementioned orders should boost Embraer's future revenue stream and bolster its profitability. Why E195-E2 Jets? Embraer's E195-E2, the largest aircraft in the E-Jet E2 family, achieves double-digit lower fuel consumption compared to the current-generation E-Jets. This must have encouraged SAS to add it to its existing fleet, as the carrier company seeks to improve its connectivity throughout Scandinavia and Europe. This jet offers seating for 120-146 passengers and features a flying range of 3,000 nautical miles (5,556 km). Such remarkable features must have been boosting the demand for the E195-E2 jets, as evidenced by the latest order and the company's delivery of an E195-E2 jet to Mexicana last month. This delivery was part of a larger 2024 deal to supply 10 E195-E2 aircraft to Mexico's state-owned carrier. Opportunities Ahead for ERJ Stock Rising air passenger traffic, backed by enhanced air travel among passengers and executives, along with the increasing demand for fuel-efficient and modern aircraft, is driving growth for commercial passenger jets. To this end, jet giant Airbus EADSY expects the world's passenger fleet to nearly double during the 2025-2044 period, with the demand for new commercial jets totaling 43,420 new aircraft. This demand trend should bode well for fuel-efficient jet makers like Embraer. Embraer's Commercial Aviation segment backlog at the end of the first quarter of 2025 was $10 billion, while that for executive jets amounted to $7.6 billion. Such a strong backlog not only reflects the consistent demand for ERJ's aircraft from commercial airlines, like the latest one, but also strengthens the company's revenue generation prospects. Prospects for Other Aerospace Stocks Other aerospace stocks that stand to benefit from the growing commercial aviation market are as follows: Airbus SE: It is one of the forerunners in the global commercial aircraft space. Its order backlog amounted to 8,726 commercial aircraft at the end of March 2025. Airbus has a long-term (three to five years) earnings growth rate of 4%. The Zacks Consensus Estimate for EADSY's 2025 sales suggests a year-over-year improvement of 12.9%. The Boeing Company BA: It has been a premier manufacturer of commercial jetliners for decades. Its Commercial Airplanes segment had a backlog of $460.4 billion as of March 31, 2025. Boeing has a long-term earnings growth rate of 18.1%. The Zacks Consensus Estimate for BA's 2025 sales suggests a year-over-year improvement of 25.6%. Textron Inc. TXT: Its Textron Aviation unit is a well-known designer of business jet brands like Cessna and Beechcraft. The segment's order backlog as of March 29, 2025 was $7.9 billion. Textron boasts a long-term earnings growth rate of 10%. The Zacks Consensus Estimate for TXT's 2025 sales calls for a year-over-year improvement of 6.6%. ERJ Stock Price Movement In the past six months, Embraer shares have risen 59.4% compared with the industry 's growth of 22.6%. ERJ's Zacks Rank Embraer currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Boeing Company (BA): Free Stock Analysis Report Embraer-Empresa Brasileira de Aeronautica (ERJ): Free Stock Analysis Report Textron Inc. (TXT): Free Stock Analysis Report Airbus Group (EADSY): Free Stock Analysis Report
