Dutch airline KLM orders up to 35 planes as it looks to refresh Cityhopper fleet

Key Points
  • Embraer announced that KLM Cityhopper is looking to buy as many as 35 E195-E2 jets.
  • 15 of the 35 are firm orders while the rest are described as "purchase rights."
  • The Brazilian plane maker has done deals for up to 78 aircraft at the Paris Air Show.
An Embraer E195 jet airliner on display at the 2019 Paris Air Show opened at Le Bourget Airport.
Marina Lystseva | TASS | Getty Images

PARIS — Brazilian aerospace firm Embraer announced Wednesday that Dutch airline KLM has committed to buying as many as 35 of its E195-E2 aircraft.

KLM Cityhopper, which is a subsidiary of the main KLM airline, has offered a firm order to buy 15 jets with purchase rights for 20 more. Based on current list prices the deal has a value of around $2.5 billion, although a steep discount on that figure is expected.

The deal, again based on Embarer's catalog pricing, means that the conglomerate has taken orders of 78 aircraft, worth around $4.6 billion, during the Paris Air Show this week.

The 15 firm deliveries from Embraer to KLM are expected to be made between 2021 and 2024.

Speaking at the press conference, KLM President and CEO Pieter Elbers said previous purchases of Embraer's E190 and E175 model had expanded the airline's route network, but refused to be drawn on any new destinations thanks to the E195-E2's longer range.

The Embraer E195-E2 is claimed to use 30% less fuel compared to KLM Cityhopper's current fleet of Embraer E190s, leading Elbers to describe the plane as "environmentally friendly."

Elbers added that existing Embraer aircraft in the KLM fleet had received "a lot of positive feedback" from customers.

He said the slot availability at the busy Schiphol Airport in Amsterdam would determine if the aircraft would be used as a replacement to older planes or also as an opportunity to expand.