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Farnborough: Arkia Israel Orders Six Embraer E195-E2s

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Farnborough: Arkia Israel Orders Six Embraer E195-E2s

Farnborough: Arkia Israel Orders Six Embraer E195-E2s
July 11
13:53 2016

LONDON — Arkia, Israel’s second largest airline, has been revealed as a customer for Embraer’s re-engined EJets E2 at the Farnborough Air Show. Arkia has signed a Letter of Intent (LoI) for six E195-E2s with four additional purchase options in a deal worth $650 million (including exercised purchase rights) at list prices.

Arkia is already an E-Jet operator, with two E190s and two E195s in its existing fleet of nine aircraft along with three ATR 72-500s and two Boeing 757-300s. Arkia also has four Airbus A321neos and four Boeing 787-9s on order, all of which are expected to be delivered before the end of 2017.

With the A321neo covering medium haul routes and the 787-9 long distance ones, the E195-E2 can be expected to serve as the core of Arkia’s short haul fleet.

Arkia is a leisure oriented airline with a route network of 25 destinations (many seasonal) across Europe and Israel that it serves with less than daily frequency from a variety of bases, including the popular resort of Eilat in the Red Sea and Sde Dov, the city airport of Tel Aviv.

The E-Jets are the only current commercial jets capable of operating at Sde Dov though the CS100 will join those ranks within the next few days when it begins revenue service with SWISS.

“With the best economics in the segment, the E195-E2 will be the perfect addition to our fleet,” said Nir Dagan, Arkia Israeli Arilines’ President & CEO. “The E195-E2 range of 2,450 nautical miles enables Arkia to cover all of its European destinations and launch new ones across the continent. In addition to the range, the E2 will maintain the same unparalleled level of comfort in the cabin, which is very popular among our passengers.”

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Vinay Bhaskara

Vinay Bhaskara

Senior Business Analyst, Big Airline Enthusiast, Avid Airport Connoisseur, Frequent Flyer, Globetrotter. I Miss Northwest Airlines Every Day. vinay@airwaysmag.com @TheABVinay

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