LATAM Orders 24 Embraer E195-E2 Jets Growing Its Brasil Presence

LATAM orders 24 Embraer E195-E2 jets, growing Brazil presence By Gabriel Araujo September 22, 20257:28 AM PDTUpdated 12 hours ago 55th Paris Air Show at Le Bourget Airport near Paris An Embraer E195-E2 Profit Hunter jet is displayed at the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 17, 2025. REUTERS/Benoit Tessier/File Photo Purchase Licensing Rights, opens new tab Summary Companies LATAM to deploy new jets for Brazilian operations Embraer's shares rise nearly 4% after order announcement Brazil's government supports deal to boost regional aviation SAO PAULO, Sept 22 (Reuters) - Brazil's Embraer (EMBR3.SA), opens new tab secured a landmark deal in its home market on Monday as LATAM Airlines (LTM.SN), opens new tab announced a firm order for 24 E195-E2 aircraft, with purchase options for another 50, lifting the planemaker's shares. The deal marks a long-awaited new order for Embraer's second-generation jets in Brazil, whose government had been lobbying for the sale. Chile-based LATAM will initially deploy the new planes for its Brazilian operations. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here. Advertisement · Scroll to continue U.S. Bank Sponsored by U.S. Bank Smart money management. Real rewards With checking, savings & credit card in one place the U.S. Bank Smartly® suite gets you rates & rewards on any dollar amount. Member FDIC. Learn more Report This Ad Deliveries of the 24 firm orders, worth about $2.1 billion at list prices, will begin in the second half of 2026, the companies said in a joint statement. LATAM will join rival airline Azul in flying Embraer's E195-E2 in Latin America's largest economy. Azul last placed a firm order for the jets in 2018. Embraer Chief Executive Francisco Gomes Neto first revealed in an interview with Reuters last year that the company had been in talks with LATAM for a potential order. The carrier later confirmed it was considering new, smaller jets in its fleet. It cited Embraer's E2 and Airbus' A220, which directly compete in the regional segment with up to 150 seats per aircraft. Advertisement · Scroll to continue Report This Ad Embraer's shares rose almost 4% in Sao Paulo morning trading. JPMorgan analysts said the announcement reinforces their bullish views on the planemaker, as its commercial backlog continues to grow at a strong pace. "We are extremely proud that the LATAM group has made the best choice to advance the region's connectivity," Gomes Neto said on Monday. The Brazilian unit of LATAM, the country's No. 1 airline by market share, has been looking for ways to expand its fleet in light of lengthy delivery times for narrow-body planes from larger manufacturers Airbus (AIR.PA), opens new tab and Boeing (BA.N), opens new tab. The E195-E2s will join the carrier's fleet of 362 aircraft, which includes Airbus narrow-bodies and Boeing wide-bodies. The airline's decision was based on the "excellent economics and versatility" of the E195-E2, which allow for the opening of new destinations, LATAM CEO Roberto Alvo said. 00:08 Inside ETFs: 'Effectively creating an income machine' The video player is currently playing an ad. You can skip the ad in 5 sec with a mouse or keyboard Brazil's government, which had been urging local carriers to buy Embraer aircraft to boost regional aviation and strengthen the manufacturer, cheered the deal. "It's a historic purchase. ... A milestone for regional aviation," Ports and Airports Minister Silvio Costa Filho said. The LATAM order follows another landmark deal for Embraer earlier this month, as a firm order for 50 E195-E2s from budget carrier Avelo Airlines marked the first U.S. deal for the plane. Reporting by Gabriel Araujo; Additional reporting by Fernando Cardoso; Editing by Brad Haynes and Mark Porter Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics: Gabriel Araujo Gabriel Araujo Thomson Reuters Gabriel is a Sao Paulo, Brazil-based reporter covering Latin America's financial and breaking news from the region's largest economy. A graduate of the University of Sao Paulo, joined Reuters while in college as a Commodities & Energy intern and has been with the firm ever since. Previously covered sports - including soccer and Formula One - for Brazilian radios and websites. Read Next