Finnair announced a firm order for 18 Embraer E195‑E2 aircraft, with options for 16 more and purchase rights for 12, and a plan to acquire up to 12 used Airbus A320/A321ceos. The order marks a shift from a previously planned Airbus order and signals a strategic move toward a more fuel‑efficient narrow‑body fleet.
The E195‑E2 will seat 134 passengers and will begin deliveries in the second half of 2027, with three aircraft scheduled for 2027, six for 2028, and six for 2029. The aircraft will be operated by Finnair’s partner Norra and will be powered by Pratt & Whitney PW1900G GTF engines, with a spare engine and maintenance agreement in place.
Finnair CEO Turkka Kuusisto said the mix of larger and smaller narrow‑bodies allows the airline to tap into growth opportunities in its markets in a flexible and efficient manner. The E195‑E2’s 30‑35% fuel‑efficiency advantage over the older E190 and its ability to reduce CO₂ emissions by 30% per passenger align with Finnair’s climate targets and help lower operating costs.
The order is one of the largest investments in Finnair’s 102‑year history, with total planned investments through 2029 around €2 billion. The deal also strengthens Finnair’s European network, enabling the airline to feed its long‑haul operations more efficiently and to replace aging narrow‑body aircraft.
For Embraer, the order adds to a backlog that reached US$26.3 billion in 4Q24, with the commercial aviation division at US$10.2 billion. The E2 family has outsold the Airbus A220 three to one last year, and the Finnair order reinforces Embraer’s position in the 70‑150 seat market.
The fleet renewal also supports Finnair’s broader strategy to modernise its fleet, improve environmental performance, and maintain competitiveness in a market where airlines are prioritising efficiency and sustainability.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.