SINGAPORE: Azul firms option for 10 E-195s

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Brazilian carrier Azul has firmed an option for 10 Embraer 195 aircraft in a deal worth $478 million.

The aircraft are slated for delivery between 2013 and 2014, said Paulo Cesar de Souza e Silva, Embraer's commercial aviation president.

"Azul is going through a period of rapid growth, and in the last three years has grabbed 12% of the Brazilian market share," he said.

The new E-195s will have 118 seats in a single-class configuration.

The order expands Azul's fleet of E-Jets to 67 and comes just four months after the carrier acquired 11 of the same aircraft.