newstodate.aero
MAR 26, 2003 (newstodate): Embraer confirms that an agreement has been reached with SWISS, which will drastically cut aircraft deliveries and options due to the effects from the war in Iraq.
Embraer says SWISS is reducing its firm orders for EMBRAER 170 and EMBRAER 195 aircraft to 30 aircraft, 15 of each model, from an original total of 60.
The EMBRAER 170 shall enter service at SWISS in August 2004, with four aircraft delivered, followed by eight aircraft in 2005. Deliveries of the EMBRAER 195 will start in 2006. The number of options for both models is also being reduced to 20, from 100 aircraft.
In light with this agreement with SWISS Embraer is revising its total deliveries forecasted for the years 2003 and 2004, which change respectively to 132 and 136 aircraft. Embraer will continue to review the risks and perspectives for the aviation market and to pursue new and identified sales opportunities in the United States, Europe, Asia and Latin America, the company says.
Embraer says SWISS is reducing its firm orders for EMBRAER 170 and EMBRAER 195 aircraft to 30 aircraft, 15 of each model, from an original total of 60.
The EMBRAER 170 shall enter service at SWISS in August 2004, with four aircraft delivered, followed by eight aircraft in 2005. Deliveries of the EMBRAER 195 will start in 2006. The number of options for both models is also being reduced to 20, from 100 aircraft.
In light with this agreement with SWISS Embraer is revising its total deliveries forecasted for the years 2003 and 2004, which change respectively to 132 and 136 aircraft. Embraer will continue to review the risks and perspectives for the aviation market and to pursue new and identified sales opportunities in the United States, Europe, Asia and Latin America, the company says.