Scandinavian Airlines, or SAS, agreed to buy as many as 55 aircraft from Brazilian manufacturer Embraer (NYSE:ERJ), as part of the airline's ongoing fleet renewal strategy. The airline has committed to buying 45 E195-E2 jets,

COPENHAGEN (Reuters) -Scandinavian Airline SAS said on Tuesday it had agreed to buy up to 55 aircraft from Brazil's Embraer in a deal worth around $4 billion, excluding purchase rights. SAS has signed a firm deal for 45 E195-E2 aircraft with an option of an additional 10,

SAS has made its biggest aircraft purchase since 1996, ordering 45 Embraer E195-E2s with options for 10. CEO Anko van der Werff hailed it as a "massive deal:"