Monday, 31 December 2018

100 Embraer E175's for Republic

Earlier this month US regional airline, Republic Airways confirmed it had fixed up a deal with the Brazilian aircraft manufacturer, Embraer for 100 E175 jets.

The deal was originally signed at Farnborough International Airshow in Farnborough earlier in the year and now the order has been confirmed. According to the planemaker, the deliveries will start during the second half of 2020.

“This order represents another significant advance in our long-standing partnership with Embraer and positions the airline to capitalize on growth opportunities we see developing over the next five years, as more than 300 regional aircraft flown by our competitors reach their natural expiry. As the fleet leader on the E-Jet, we know the product better than anyone in the industry, and we believe the E-Jet positions Republic to deliver differentiated value to our codeshare partners and the flying public.” the President and CEO of Republic Airways, Bryan Bedford said.

The contract also provides Republic with purchase rights on an additional 100 E175s, as well as the ability to convert any number of aircraft to Embraer’s E175-E2 platform.

“As we expressed at Farnborough, Republic has been one of our largest and most valuable customers for nearly 20 years, and the confirmation of this order ensures Embraer will be in a position to continue providing a product that appeals to their customers’ increasing demands, while delivering on improved economics,” said John Slattery, president and CEO, Embraer Commercial Aviation. “Expanding such a valuable partnership for years to come is a great way to end what has been a very busy and productive year at Embraer,” Slattery continued.

Republic and Embraer’s partnership dates back to 1999, when Republic took delivery of its first ERJ 145. Since then, Republic has acquired approximately 350 Embraer aircraft, and it currently operates a fleet of nearly 190 Embraer 170/175 aircraft for its codeshare partners American Eagle, Delta Connection, and United Express.