EMBRAER S.A.: TUI Selects Embraer E195-E2

Rhea-AI Summary

TUI Group has selected Embraer's E195-E2 aircraft to enhance its TUI fly Belgium fleet, leasing three units from AerCap. The E195-E2, renowned for its fuel efficiency and reduced emissions, will support TUI's sustainability goals while expanding holiday destinations from Northern Belgium. Set to be delivered in early 2023, these aircraft will operate primarily from Antwerp. The lease represents a strategic partnership aimed at improving operational efficiency and meeting growing demand for air travel.

Positive

• TUI Group is enhancing its fleet with the efficient E195-E2, which is 50% quieter and emits up to 33% less CO2.
• The aircraft will allow TUI to expand holiday destinations from Northern Belgium, tapping into new markets.
• Partnership with AerCap and Embraer supports TUI's sustainability initiatives, aligning with industry trends.

Negative

• None.

AMSTERDAM, Oct. 20, 2022 /PRNewswire/ -- TUI Group has selected Embraer's E195-E2, the quietest and most efficient aircraft under 150 seats, to join the TUI fly Belgium fleet. TUI, one of the world's leading tourism groups, will take delivery of three E195-E2 from AerCap on long-term lease. The aircraft, from AerCap's existing fleet and powered by Pratt & Whitney GTF engines, will be delivered in a comfortable 136 seat, single class configuration, in the first half of 2023.

"We are thrilled to add the E195-E2 to our Belgium fleet. Operating on short and medium haul routes, the new airplane is the most efficient aircraft in the market. It uses less fuel, has a longer range, while at the same time is 50% quieter and emits up to a third less carbon dioxide. The airplanes will operate mostly out of Antwerp, from where they will fly to more distant airports, which will allow us to expand into new holiday destinations from Northern Belgium", said Marco Ciomperlik, Chief Airline Officer, TUI Group.

"The selection of the E195-E2 is an important milestone to make TUI's fleet even more efficient in support of our sustainability goals. Working together with AerCap, Embraer and Pratt & Whitney, we have agreed on an attractive package that enables TUI to provide travellers from regional airports in Belgium an even better start to their holidays," added Tom Chandler, Managing Director Fleet and Asset Management, TUI Group

"We are very pleased to announce the lease placement of three E195-E2s with TUI. AerCap has a long history of working with TUI and we are excited to be a part of their fleet renewal plan," said Peter Anderson, Chief Commercial Officer of AerCap. "The E195-E2s are the perfect aircraft to support TUI's operations with greater versatility and improved efficiencies, enabling them to meet their sustainability commitments. We wish TUI every success with the E2-Jets, and we look forward to working with them as these aircraft deliver." 

Martyn Holmes, Chief Commercial Officer, Embraer Commercial Aviation, added, "We welcome TUI, already operators of the first generation E190, to the E2 family of operators. The economics of the E195-E2 combined with its comfort, is a win win for TUI – allowing the operator to increase capacity and delight their guests, while still reducing fuel costs and lowering emissions. We're pleased to continue our long relationship with TUI and thank AerCap for their partnership."

Aircraft Images: https://embraer.imagerelay.com/ml/bf7a041869194533be98bf31aab1f07a

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About the TUI Group

The TUI Group is one of the world's leading tourism groups. The company is based in Germany. TUI shares are listed on the FTSE 250, an index of the London Stock Exchange, on the regulated market of the Lower Saxony Stock Exchange in Hanover and on the over-the-counter market of the Frankfurt Stock Exchange. The TUI Group offers integrated services from a single source for its 27 million customers, 21 million of whom are in the European national companies.

The entire tourism value chain is mapped under one roof. This includes over 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson and 16 own cruise ships, from MS Europa and MS Europa 2 in the luxury class and expedition ships to the Mein Schiff fleet of TUI Cruises and cruise ships at Marella Cruises in the UK. The group also includes Europe's leading tour operator brands and online marketing platforms, five airlines with more than 100 modern medium and long-haul aircraft and over 1,000 travel agencies. In addition to expanding the core business with hotels, cruises via successful joint ventures and activities in holiday destinations, TUI is increasingly focusing on the expansion of digital platforms. The group is transforming into a digital company.

Global responsibility for sustainable economic, ecological and social action is at the heart of our corporate culture. With projects in 25 countries, the TUI Care Foundation initiated by TUI focuses on the positive effects of tourism, on education and training and on strengthening environmental and social standards. In this way, it supports holiday destinations in their development. The globally active TUI Care Foundation initiates projects that create new opportunities for the next generation.

About AerCap

AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Abu Dhabi, Seattle, Toulouse and other locations around the world.

About Embraer

Embraer (B3: EMBR3, NYSE: ERJ) is a global aerospace company headquartered in Brazil. It manufactures aircraft for Commercial and Executive aviation, Defense & Security, and Agricultural customers. The company also provides after-sales services & support through a worldwide network of wholly-owned entities and authorized agents.

Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. On average, about every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 145 million passengers a year.

Embraer is the leading manufacturer of commercial jets up to 150 seats and is the main exporter of high value-added goods in Brazil. The company maintains industrial units, offices, service and parts distribution centers across the Americas, Africa, Asia, and Europe.

 

View original content:https://www.prnewswire.com/news-releases/embraer-sa-tui-selects-embraer-e195-e2-301655089.html

SOURCE Embraer S.A.

FAQ

What aircraft has TUI selected for its Belgium fleet?

TUI has selected Embraer's E195-E2 aircraft to enhance its fleet.

How many E195-E2 aircraft is TUI leasing?

TUI is leasing three E195-E2 aircraft from AerCap.

When will TUI receive the E195-E2 aircraft?

TUI is expected to receive the E195-E2 aircraft in the first half of 2023.

What are the benefits of the E195-E2 aircraft?

The E195-E2 is known for its fuel efficiency, reduced emissions, and quieter operation.

Where will the E195-E2 aircraft operate from?

The aircraft will primarily operate from Antwerp, Belgium.