Start-up airline Air Costa places orders for 50 Embraer jets worth $2.94 billion

Embraer SA, the world's largest maker of regional aircraft, clinched its first major Indian deal for 50 jets valued at $2.94 billion, or nearly Rs 18,000 crore, from start-up Indian domestic carrier Air Costa. Air Costa will become the first customer of the E-Jet E2s, the upgraded re-engined variants of the company's aircraft, in India when it receives its first aircraft in 2018, company officials told a media briefing at the Si...