Industry Republic Airways firms up order for 100 E175s
Embraer and Republic Airways have published, that the airline has firmed up its order for 100 E175 regional jets.
The world´s largest operator of the E-Jet Family, Republic Airways, has firmed up its 100 airframe strong order for the E175. Initially, this agreement was announced over the course of a Letter of Intent (LoI) on the Farnborough International Air Show in July 2018.
Based on current list prices, the order is valued at approximately US$4.69 billion. However, it is very likely that Republic Airways received a bulk discount. Embraer said, that the transaction will be included in the fourth quarter backlog of 2018.
Deliveries of the 100 aircraft are scheduled to start in 2020 and will then continue for 2-3 years. If Republic Airways decides to convert the additional 100 options – that include conversion rights to the E175-E2 – the deal could have a list price of US$9.38 billion.
John Slattery, President & CEO, Embraer Commercial Aviation commented: “As we promised in Farnborough, we are now closing a very important contract with Republic for these additional E175’s, continuously growing our long-standing partnership.”
Bryan Bedford, Republic’s President and CEO added: “This order represents another significant advance in our long-standing partnership with Embraer, and it positions Republic to compete for the more than 300 regional aircraft we anticipate being up for bid during the next five years as existing flying agreements expire with our global codeshare partners.”
Since January 2013, Embraer has delivered a total of 535 E175 to airlines in North America. More than 80% of all orders originate from this market. Just recently, Embraer has announced it has delivered the 1,500 E-Jet.
Republic Airways is the largest operator of the E170 Family and flies with 61 E170s and 127 E175s. The carrier was founded back in 1998. The airline has been an Embraer customer ever since. Republic Airways mainly operates flights on behalf of American Eagle, Delta Connection and United Express.
Source © embraer.com