Avelo Airlines has entered into an agreement to acquire up to 100 Embraer E195-E2 aircraft, marking the largest order in its history and making it the first U.S. airline to operate this type of jet. The deal consists of a firm order for 50 aircraft with options for 50 more, totaling $4.4 billion at list prices. Deliveries are scheduled to begin in the first half of 2027.
The new Embraer jets will join Avelo's current fleet of Boeing 737NGs, which have an average age of over 17 years. The carrier has not confirmed if or when it will retire its older Boeing models but stated that both types would operate together "for the foreseeable future." According to Avelo, the E195-E2’s performance features, including short-field capability and enhanced takeoff systems, will enable service to constrained airports and longer-range destinations.
Avelo Airlines Founder and CEO Andrew Levy said: