Delivery of the last ERJ from our asset management portfolio

Delivery of the last ERJ from our asset management portfolio

The latest Embraer delivery was made to Aero, the semi-private jet company that offers flights in the United States and Europe.

 

Embraer commercial aircraft are always in demand. Over the last 3 years, Embraer found homes for 68 airplanes from its asset management portfolio through trade-ins and sales to customers on every continent. The high demand has depleted all the actual inventory in our portfolio. Last week, we delivered an ERJ 135, to Aero Technologies Inc, the semi-private jet company that offers flights in the United States and Europe.

The demand for this type of jets has spiked as travelers look to private and semi-private air transportation in the age of covid. Companies, like Aero Technologies, are turning to OEMs and the open market to source aircraft they can convert to passenger configurations that feature fewer seats, as well as custom-design luxury accommodations.

ERJ 135 for Aero Technologies was converted from a previous typical 37-seat airline layout to just 16 one-by-one seats, in a luxury configuration. Aero introduced its semi-private jet service in 2019 with flights between Ibiza and Mykonos, followed this year by the launch of routes from a private terminal in Los Angeles (Van Nuys) to Aspen, Las Vegas, Jackson Hole, Sun Valley, and Los Cabos. The company will also be launching its 2021-2022 routes from London to exciting destinations across Europe beginning later this year, for the perfect winter escape.

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