Friday, 21 December 2018

Republic firms up E175 order

The rapid firming up of letters of intent Brazilian aircraft maker Embraer signed with various airlines at the 2018 Farnborough Airshow continued on Thursday, December 20th with Republic Airways.

The contract is for 100 E175 jets which, if the airline was paying the list price for each one would have a value of USD 4.69 billion! The real value is just under $2billion once the discounts have been applied. 

Republic will start to get these new aircraft from the start of 2020 and the contract also includes purchase rights for an additional 100 E175s, with conversion rights to the E175-E2, bringing the total potential order up to 200 E-Jets. 

"What a great way to finish this very hectic year for us at Embraer," said John Slattery, President & CEO, Embraer Commercial Aviation. "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."

"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", said Bryan Bedford, Republic's President and CEO.

Republic Airways and Embraer established their partnership in 1999 when one of its former subsidiaries, Chautauqua Airlines, took delivery of its first ERJ 145 in the livery of US Airways Express. Today, Republic Airline operates a fleet of nearly 190 Embraer 170/175 aircraft and provides fixed-fee flights operated under its major airline partner brands of American Eagle, Delta Connection and United Express.

Including this new contract, Embraer has sold more than 535 E175s to airlines in North America since January 2013, earning more than 80% of all orders in this 76-seat jet segment.

(Photo Republic Airlines)