Regional Carrier Resets with Billion-Dollar Deal

Brazilian jet builder Embraer S.A. will supply 18 E195-E2s to Finnair under a new agreement with an estimated value of $1.31 billion based on list prices for those narrow-body jets. More than that, the supply agreement also includes purchase options and/or purchase rights for 28 more aircraft, or a total of 46 new E195-E2s, taking the potential value of the new booking to approximately $2.31 billion.

The new aircraft will be the first Embraer models in the majority state-owned carrier’s fleet, which currently is comprised of 54 Airbus A320 and A330 series jets.

“This is one of the largest investments in Finnair’s 102-year-old history, and a vital step in our strategy,” stated the carrier’s CEO Turkka Kuusisto. “The Embraer E2 will enable us to strengthen our European network and tap into the growth opportunities in the market, while also enhancing our competitiveness through reliability, versatility, and high degree of customer comfort. Importantly, this investment also reduces our CO2 footprint, advancing our climate targets.”

Neither the supplier nor the customer has confirmed the order value. According to Finnair, the new jets will double its seating for domestic and regional service in Scandinavia and northern Europe. Deliveries for the 18 firm orders are scheduled to begin in 2027.

The twin-engine E195-E2 is the largest of Embraer’s E-Jet E2 series of regional aircraft, with seating capacity for up to 150 passengers.

Finnair’s new jets will be configured for 134 passengers.

“The E195-E2’s unique combination of efficiency, comfort, and reliability delivers meaningful value – lower fuel burn, lower CO₂, and superior economics,” stated Embraer president and CEO Arjan Meijer. “We look forward to helping Finnair modernize its short-haul fleet to better match demand, reduce emissions, and unlock growth.”