Brazil's Embraer to sell 15 jets to Singapore-based firm

SAO PAULO - Brazil's top aircraft manufacturer Embraer said Tuesday it signed a deal to sell 15 of its E-190 jets to BOC Aviation, a Singapore-based aircraft leasing company.

Deliveries are scheduled from the fourth quarter of 2012 through 2014. BOC Aviation, which is owned by the Bank of China, is Asia's leading aircraft leasing company with a fleet of modern aircraft flying with more than 40 airlines worldwide.

"We see excellent potential for the E-190 not only here in Asia where there is strong growth but also with airlines around the world that have discovered the importance of 100-seat aircraft capacity," said Robert Martin, managing director and chief executive officer of BOC Aviation.

The E-190 can seat from 98 to 122 passengers and can fly up to 2,400 nautical miles (4,450 km) nonstop.

Embraer is the world's third largest commercial aircraft manufacturer, behind American Boeing and Europe's Airbus. In 2010, it sold 101 commercial aircraft and 145 executive jets.