Leasing

CIAF Leasing signs order with Embraer for three E190 jets

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CIAF Leasing signs order with Embraer for three E190 jets

Embraer and Cairo-based CIAF Leasing have signed a firm order for three E190 aircraft worth $161 million.

The deal will be added to Embraer’s fourth quarter backlog.

The three new aircraft will join CIAF’s existing fleet of three E170s, two of which are on lease with Jasmin Airways, the other with Air Cairo.

CIAF are also due to receive two E195s in mid-November.

Hassan Mohamed, chairman and CEO of CIAF Leasing said: “The three new E190s will be an excellent addition to our growing fleet of Embraer E-Jets. With a fleet of E170s, E190s, and E195s, CIAF will have the flexibility to offer to both our wet and dry lease customers a service that fits their needs exactly.”