Russia’s S7 Airlines joins the E-Jets operators’ family

GECAS to lease 17 E170s to S7

Shannon Ireland, December 22nd, 2016 Just weeks after receiving the Type Certificates from the Russian authorities for the E170 and E175 jets, S7 Airlines will be the first operator of the E170 in the country. The airline signed an agreement with GE Capital Aviation Services (GECAS) to lease 17 E170 pre-owned jets, therefore not impacting Embraer’s order backlog. The airline will start to receive the aircraft in the first quarter of 2017.

“Once again, GECAS joins Embraer to provide aircraft to the Russian market,” said Arjan Meijer, Vice President, Europe & Middle East, Embraer Commercial Aviation. “We welcome S7 Airlines to the growing E-Jets operators’ family. We are delighted to see the E170 in operation with one of the largest Russian Airlines, supporting the airline as it spreads its wings around Russia. S7 is now the carrier with the largest network outside Moscow serving regional and intra-regional markets.”

“New E170s will allow us to gain momentum in the development of regional air transportation. We see this segment as having high potential. Today, air transportation is concentrated in Moscow, and passengers from Ural cities often have to fly to the Far East through a connecting flight in Moscow. The first Embraers will be based at the Novosibirsk Tolmachevo airport which is located well enough to serve as an efficient hub for other regions. The new type of airliners will allow us to launch flights from small and hard to reach cities, where the use of medium-haul aircrafts is impossible,” said Vladimir Obyedkov, CEO of S7 Airlines.

“The introduction of the E170 into the S7 fleet is the result of thorough analysis of the airline’s growing needs,” said Alec Burger, GECAS President & CEO, “The E170 offers strong economics and is well-suited to help S7 serve the Russian markets.”

The E-Jets are already well established in several countries in the region– Poland, Finland, and Bulgaria – and in CIS (Commonwealth of Independent States) countries where Embraer customers operate E-Jets in Kazakhstan, Azerbaijan, Belarus, Ukraine and the Republic of Moldova. The E190 and the E195 were certified by Russia in 2012, and Saratov Airlines has been flying the E195 since 2013.

Embraer is the world’s leading manufacturer of commercial jets with up to 130+ seats. The Company has over 100 customers all over the world operating the ERJ and E-Jet families of aircraft. For the E-Jets program alone, Embraer has logged more than 1,700 orders and over 1,300 deliveries, redefining the traditional concept of regional aircraft by operating across a range of business applications.

About S7 Airlines

S7 Airlines (www.s7.ru ) is a member of the oneworld® global aviation alliance. The airline has a nationwide route network, created on the basis of air transport hubs in Moscow (Domodedovo) and Novosibirsk (Tolmachevo). S7 Airlines also performs regular flights to countries of the Commonwealth of Independent States (CIS), Europe, the Middle East, Southeast Asia and countries of the Asia-Pacific region. In 2007 the company received an official IATA certificate as an IOSA (IATA Operational Safety Audit) operator, becoming the second air carrier in Russia to have successfully passed the full international audit procedure for compliance with operational safety standards. The airline is a member of the S7 Group of companies. In 2015 Group member airlines carried 10.6 million passengers.

About Embraer

Embraer is a global company headquartered in Brazil with businesses in commercial and executive aviation, defense & security. The company designs, develops, manufactures and markets aircraft and systems, providing customer support and services. Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. About every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 145 million passengers a year. Embraer is the leading manufacturer of commercial jets up to 130 seats. The company maintains industrial units, offices, service and parts distribution centers, among other activities, across the Americas, Africa, Asia and Europe.

About GE Capital Aviation Services (GECAS)

GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing. With over 45 years of experience, GECAS offers a wide range of aircraft types including narrowbodies, widebodies, regional jets, turboprops, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting. GECAS owns or services a fleet of over 1,950 aircraft (~1,700 fixed wing/ ~250 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves ~ 270 customers in over 75 countries from a network of 25 offices. www.gecas.com

GECAS Media contact: James Luton | +1 203 842 5887 | james.luton@gecas.com

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