Embraer Sells 7 Jets To Brazilian Carriers

Embraer said on Monday it sold seven commercial planes to Brazilian airlines Azul and Trip for about USD$291 million, underscoring a gradual recovery in demand for new jets.
Embraer sold five of its ERJ-195 models to Azul, a low-cost airline, for USD$211 million, it said in a statement.
It sold two of its ERJ-190 jets to Trip for USD$80 million, the statement added. The sales had been booked in the company's firm order backlog for the second quarter of 2010, the statement said.

The company, which suffered deeply from the impact of the global recession after late 2008, delivered 69 commercial and executive jets in the second quarter, up from 54 a year earlier.
Embraer's pipeline of firm orders fell 5 percent to USD$15.2 billion as of June 30, a slower decline compared to the first quarter. A year earlier, firm orders were USD$19.8 billion.

(Reuters)