Brazil’s Embraer says Helvetic to convert orders to bigger aircraft

Brazilian planemaker Embraer SA (EMBR3.SA) said Helvetic Airways has reached an agreement to convert four firm orders to the larger aircraft E195-E2 from the original E190-E2s.

The deal, which includes 12 E190-E2s with purchase rights for a further 12 and conversion rights to the E195-E2, had been announced in September 2018. Embraer said it has already delivered five aircraft and the remaining seven are valued at $480 million.