U.S. upstart airline Avelo said it placed a firm order for 50 Embraer E195‑E2 jets, a win for the Brazilian manufacturer.

U.S. upstart airline Avelo said it placed a firm order for 50 Embraer E195‑E2 jets, a win for the Brazilian manufacturer.

Ultra-low cost airline Avelo announced it has ordered 50 new Embraer E-195-E2 planes, with purchase rights for 50 more. The list price is $4.4 billion.