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Nas Air, Embraer $172.5m deal
- Saudi Arabia: Tuesday, November 13 - 2007 at 09:46
Saudi Arabia's Nas Air is to buy five 190 E-Jets from Brazilian plane maker Embraer and has an option for an additional five planes plus purchase rights for 12 more. The value of the deal is $172.5m and it could reach $759m if Nas Air takes up all its options. NAS Air has also signed an agreement with GE Commercial Aviation Services to operate another five E-Jets under a leasing contract.
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Jonathan Sheikh-Miller, Deputy EditorTuesday, November 13 - 2007 at 09:46 UAE local time (GMT+4)
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