Montenegro Airlines buys first E-Jet from Embraer

Embraer announced the sale of the first EMBRAER 195 jet to Montenegro Airlines. The agreement with the airline from the Republic of Montenegro also includes purchase rights for two more aircraft of the same model. The value of the deal, at list price, is $39.5 million, and could total $118.5 million, if all of the purchase rights are exercised.

The EMBRAER 195 for Montenegro Airlines will comfortably seat 116 passengers in a single-class layout and delivery is expected in 2009. The company plans to use the new airplane for key markets on the European continent, including routes to cities like London and Moscow.

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