Aircraft
India's Air Costa Signs For Up to 100 Embraer E-Jet E2s
Air Costa chairman Ramesh Lingamaneni (left) seals a deal for Embraer E-Jet E2 aircraft with Embraer president and CEO Paulo Cesar Silva.
Air Costa chairman Ramesh Lingamaneni (left) seals a deal for Embraer E-Jet E2 aircraft with Embraer president and CEO Paulo Cesar Silva.

Embraer took a giant step toward boosting its modest presence in the South Asian market at the Singapore Airshow on Thursday with a firm order for 50 E-Jet E2s and purchase rights on another 50 from Indian regional carrier Air Costa. The order calls for delivery of a mix of 25 E190-E2s and 25 E195-E2s worth $2.94 billion at list prices. If Air Costa exercises its purchase rights for 25 more of each of the models, the value of the transaction will rise to $5.88 billion.