Brazil’s third-largest airline Azul has forged an MOU to sublease a portion of its older Embraer E195 jets as part of its transition to the new Embraer E195-E2. During a recent earnings discussion, Azul’s management explained the airline recently sold two of its older E195s and had signed an MOU for the sublease of up to 32 of the older aircraft over the next few years. Azul has 50 current generation E195s in service and 48 of the E2 jets on order after taking delivery of three ...

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