SINGAPORE — Singapore Airlines is reportedly in talks with Embraer for the acquisition of the Brazilian planemaker's latest E2 generation jets. The planes are intended for the Asian carrier's low-cost subsidiary, Scoot.

The newer-generation and fuel-efficient jets would enable the airline to add more regional destinations to its existing route network that are not served before.

According to sources familiar with the matter, any potential order would span as many as 50 aircraft.

Aviation consulting firm Avitas said the market value of 50 Embraer 190-E2 jets in 2021 was approximately US$1.61 billion, though customers generally negotiate for substantially-decreased price tags in mass orders.

If they reach an agreement, the deal will add a third supplier to Scoot's fleet, which is currently split between Boeing and Airbus aircraft. The airline's fleet comprises 16 A320neo family jets, 26 A320ceo Family jets, and 22 Boeing 787 Dreamliners.

Embraer has so far delivered 56 E2 jets and registered 191 orders from customers across the world.

The Brazilian aircraft manufacturer announced the E2 program at the Paris Air Show in 2013. The first and the smaller variant, E190-E2, made its first flight on May 23, 2016, and was certified on February 28, 2018, before entering service with the Norwegian regional operator Widerøe on April 24.