Luxair Firms Up Three E190-E2 Options, Growing Its E2 Fleet
EMBJ sits 39% above its 52-week low of $46.54.
Summary
Luxair has converted three E190-E2 purchase rights into firm orders, bringing its total firm E2 orders to nine aircraft. The first delivery is expected at the end of 2028, reinforcing Embraer's commercial aviation backlog.
Key Events · M&A and Partnerships · EMBJ
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Luxair Converts 3 E190-E2 Purchase Rights to Firm Orders
Luxair converted three existing purchase rights for E190-E2 aircraft into firm orders, increasing its total firm E2 order book to nine aircraft. One additional purchase right was secured.
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First E190-E2 Delivery Expected End of 2028
The first E190-E2, configured with 100 seats, is expected to join Luxair's fleet at the end of 2028, primarily for high-frequency business routes.
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Adds to Record Backlog and Strong Order Momentum
This order follows Embraer's record $32.1 billion backlog in Q1 2026 and a series of recent commercial wins, including a major UAE contract for up to 20 C-390 aircraft and a firm order for 15 E195-E2s from Azorra.
Analysis · EMBJ · Manufacturing
At the Farnborough Airshow, Luxair—Luxembourg's national carrier—converted three existing purchase rights for E190-E2 aircraft into firm orders, lifting its total firm E2 commitment to nine jets. The move signals robust customer confidence in the E2 platform and further bolsters Embraer's commercial aviation backlog, which recently reached a record $32.1 billion. Configured with 100 seats for high-frequency business routes, the first E190-E2 is slated to enter Luxair's fleet at the end of 2028. While financial terms remain undisclosed, turning options into firm orders marks a clear demand tailwind, adding to the company's strong order momentum this year.
At the time of this filing, EMBJ was trading at $64.89 on NYSE in the Manufacturing sector, with a market capitalization of approximately $11.5B. The 52-week trading range was $46.54 to $80.75. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.