Aviation

Finnair places an order with Embraer for eighteen E195-E2 aircraft.

Finnair has signed a purchase agreement with Embraer for 18 firm orders for E195-E2 aircraft, together with a further 16 options and 12 buy rights, as part of its efforts to rebuild its narrowbody fleet. Additionally, Finnair has contracts with Pratt & Whitney of RTX to buy spare engines and maintenance services for the PW1900G GTF engines that drive the Embraer E2. In 2027, the airline will add its first E195-E2 aircraft to its fleet.

Finnair also intends to purchase up to twelve Airbus A320/321 aircraft from the secondhand aircraft market.

“With this investment, we are well positioned to offer our customers a growing, attractive network as well as excellent reliability and customer experience By adding the new E195-E2 aircraft to our fleet, we can further our environment goals by lowering our CO2 footprint,” stated Turkka Kuusisto, CEO of Finnair.

“The Embraer E195-E2 is a great fit for our needs, enabling a stronger regional network that efficiently feeds our long-haul network and strengthens connectivity to and from Finland,” he continued.

The third quarter of 2027 is when deliveries of the 134-seat Embraer E195-E2 aircraft are expected to start. Three of the firm orders will be delivered in 2027, six in 2028, and six more in 2029. Norra, a partner of Finnair, will operate the E195-E2s. Norra uses ATR and Embraer aircraft to run regional flights for Finnair.

Arjan Meijer, President & CEO of Embraer Commercial Aviation stated, “The E195-E2’s unique combination of efficiency, comfort, and reliability delivers meaningful value lower fuel burn, lower CO2, and superior economics. In order to better meet demand, lower emissions, and spur growth, we are eager to assist Finnair in modernising its short-haul fleet.”

Compared to the previous generation E190-E1 aircraft, the E195-E2 is anticipated to offer over 30% fuel efficiency per seat and a significant reduction in exterior noise footprint. It was chosen for its efficiency, dependability, and passenger comfort. The E195-E2 is also expected to provide a next generation customer experience, with the quietest cabin in the single‑aisle segment, modern, comfortable seats, USB charging in each seat, and high-speed internet connectivity.

Finnair plans to source up to twelve A320/321ceos from the used aircraft market, to replace the oldest A319s and A320s in the Finnair fleet during the next few years. The exact number of the planned A320/321ceos and their delivery times will be specified as preparations proceed.

Finnair’s current fleet comprises 79 Airbus, Embraer and ATR aircraft. Seabury Aviation Partners acted as the strategic and commercial advisor to Finnair in connection with the transaction.

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