Azul (AZUL) is to remarket its entire Embraer E190/E195 fleet, the Brazilian carrier announced on September 24, 2018. The move is done in hopes to accelerate a transition from current E1 fleet to Embraer’s next generation E195-E2s, “contributing to a significant reduction in operating costs,” the company announced in a statement.

It is also known that to remarket the fleet, the airline has engaged Azorra Aviation, claiming that the latter company has “wealth of experience in marketing, sales and leasing of E-Jets and a proven track-record of supporting Azul (AZUL) .”

Azul (AZUL) is known to be making a transition to a newer models of Embraer aircraft. Back in July 2018, the Brazilian carrier announced a letter of intent to obtain 21 Embraer 195-E2 aircraft, increasing its total firm order of E2s to 51. Deliveries are expected to begin in 2019.

“Azul (AZUL) expects to operate the E2s at least a 26% lower cost per seat than the current generation Embraer jets operated by the airline,” read Azul’s (AZUL) statement at the time. The carrier also pointed out to being the largest E-195 operator, thus expecting to “benefit from favorable contractual conditions”, while the fact that the E2s have the same type rating as the E1s also means “significantly” lower fleet transition and pilot training costs.

Azul Brazilian Airlines, a Brazilian low cost carrier, is the third largest domestic and second largest international airline in the country. It operates a fleet of 121 aircraft and, as of June 30, 2018, has a network of 217 non-stop routes.