China's Tianjin and ICBC Leasing to buy E-Jet E2s

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Tianjin Airlines has become the first Chinese airline to order Embraer E2 E-Jets after signing for 20 of the type, while China's ICBC Financial Leasing is to take up to 20 of the aircraft.

HNA Group subsidiary Tianjin, which already operates 50 Embraer 190s, has a signed a contract covering 20 more current-generation E-Jets for delivery from 2015 plus 20 E2 E-Jets from 2018.

The ICBC Leasing deal covers 10 firm orders for Embraer E190 E2s and purchase rights on 10 more. Deliveries are scheduled to begin in 2018

The deals were disclosed by Embraer today during a visit to Brazil by Chinese president Xi Jinping.

"Embraer 190s have been the cornerstone of our regional expansion strategy over the past few years and have allowed us to achieve our development objectives. We see these additional orders as a continuation of both our short-term and long-term growth plans," says Tianjin Airlines president Liu Lu, adding that the 20 new E2s "will bring us even greater efficiency and flexibility in adding frequencies and expanding markets."

ICBC Leasing chief executive Cong Lin says that adding E2s "will diversify our aircraft resources, strengthen our leadership in the leasing market, and support us in expanding the leasing market of regional aviation".