Arab Today, arab today embraer gets 294bn order from india\s air costa
Last Updated : GMT 15:17:55
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Embraer gets $2.94bn order from India\'s Air Costa

Arab Today, arab today

Arab Today, arab today Embraer gets $2.94bn order from India\'s Air Costa

Singapore - AFP

Indian carrier Air Costa on Thursday ordered 50 E-Jets E2 aircraft from Brazilian manufacturer Embraer worth $2.94 billion, both companies announced. The deal with Air Costa also includes purchase rights for 50 more of the aircraft. With the orders, Air Costa will become the first customer of the E-Jet E2 in the Indian market when it takes the first delivery in 2018, Embraer said in a statement. Air Costa executives said they will use the jets to fly routes in secondary and tertiary markets in India. Air Costa is part of India's LEPL Group, a diversified company with interests in property and infrastructure development. The airline started operations in October last year serving several second-tier Indian cities.

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