Embraer gets $2.94 billion order from Air Costa.

Air Costa recently ordered 50 E-Jets E2 aircraft from Brazilian manufacturer Embraer worth $2.94 billion, both companies announced.

The deal with Air Costa also includes purchase rights for 50 more of the aircraft, they said at the Singapore Airshow.

With the orders, Air Costa will become the first customer of the E-Jet E2 in the Indian market when it takes the first delivery in 2018, Embraer, the world's third largest commercial aircraft manufacturer, said in a statement.

ET