Embraer Signs a Firm Contract for up to 10 Passenger to Freight Conversions

Rhea-AI Summary

Embraer has secured a firm order for up to 10 E-Jets Passenger to Freight (P2F) conversions from an undisclosed customer, marking a significant milestone for its P2F program. Deliveries are slated to begin in 2024. This follows an earlier agreement with Nordic Aviation Capital for 10 conversion slots for E190F/E195F. The E-Jets Freighters are set to offer over 50% more volume capacity and up to 30% lower operating costs compared to traditional narrowbodies, enhancing operational efficiency for customers.

Positive

• First firm contract for P2F conversions.
• Deliveries start in 2024.
• E-Jets Freighters provide over 50% more volume capacity and lower operating costs.

Negative

• None.

• First firm contract for Embraer's P2F comes after an agreement announced in May with Nordic Aviation Capital (NAC) for up to 10 conversion slots for E190F/E195F;
• Deliveries to start in 2024;
• E-Jets Freighters offer over 50% more volume capacity, three times the range of large cargo turboprops, and up to 30% lower operating costs than narrowbodies;

SÃO JOSÉ DOS CAMPOS, Brazil, June 24, 2022 /PRNewswire/ -- Embraer [B3: EMBR3, NYSE: ERJ] has signed a firm order for up to 10 Embraer E-Jets Passenger to Freight (P2F) conversions with an undisclosed customer. Aircraft for conversion will come from the customer's current E-Jets fleet, with deliveries starting in 2024. This is the first firm contract for Embraer's P2F, being the second agreement for this kind of operation. In May, Embraer and Nordic Aviation Capital (NAC) announced an agreement in principle to take up to 10 conversion slots for E190F/E195F.

Embraer's E-Jets P2F conversions deliver segment-leading performance and economics. The E-Jets Freighters will have over 50% more volume capacity, three times the range of large cargo turboprops, and up to 30% lower operating costs than narrowbodies.

With more than 1,600 E-Jets delivered by Embraer globally, P2F customers benefit from a well-established, mature, global services network, in addition to a comprehensive portfolio of products ready to support their operations from day one.

The conversion to freighter will be performed at Embraer's facilities in Brazil and includes main deck front cargo door; cargo handling system; floor reinforcement; Rigid Cargo Barrier (RCB) – 9G Barrier with access door; cargo smoke detection system (class E main deck cargo compartment), Air Management System changes (cooling, pressurization, etc.); interior removal and provisions for hazardous material transportation.

Combining under-floor bulk cargo and main deck, the maximum gross structural payload is 13,150kg for the E190F and 14,300kg for the E195F. Considering typical e-commerce cargo density, the net weights and volumes are also impressive: the E190F can handle a payload of 23,600lb (10,700kg) while the E195F a payload of 27,100 lb (12,300 kg).

View original content:https://www.prnewswire.com/news-releases/embraer-signs-a-firm-contract-for-up-to-10-passenger-to-freight-conversions-301575165.html

SOURCE Embraer S.A.

FAQ

What is the significance of Embraer's P2F contract announced in June 2022?

Embraer's P2F contract represents the company's first firm order for passenger to freight conversions, showcasing demand for more efficient cargo aircraft.

When will Embraer start delivering the E-Jets Freighters?

Deliveries for the E-Jets Freighters are expected to start in 2024.

What are the advantages of Embraer's E-Jets Freighters compared to traditional options?

The E-Jets Freighters offer over 50% more volume capacity, three times the range of large cargo turboprops, and up to 30% lower operating costs than narrowbody aircraft.

How many conversions are included in the firm order signed by Embraer?

The firm order signed by Embraer includes up to 10 E-Jets Passenger to Freight conversions.

Who is the undisclosed customer for Embraer's P2F conversions?

The identity of the customer for the P2F conversions has not been disclosed in the press release.