Embraer and Republic Airways have signed a firm order for E175 jets. The Indianapolis-based airline will take 100 new examples, solidifying a letter of intent announced at the Farnborough Airshow in July 2018. The deal has a value of US$4.69bn based on current list prices, with deliveries scheduled to begin in the second half of 2020.
The contract also includes optional purchase rights for an additional 100 E175s, with possible conversion opportunities to Embraer’s E175-E2 platform. If all rights are exercised, the agreement has a list price of US$9.38bn.
As the deal was announced, John Slattery, president and CEO, Embraer Commercial Aviation remarked: “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”.
Meanwhile Bryan Bedford, Republic’s president and CEO added: “This order represents another significant advance in our long-standing partnership with Embraer and positions the airline to capitalise on growth opportunities we see developing over the next five years, as more than 300 regional aircraft flown by our competitors reach their
Even before this latest deal, Republic Airways Holdings represented the world’s largest operator of E-Jet aircraft, with around 190 E170s and E175s in the fleet. The firm is best known for operating flights under the American Eagle, Delta Connection and United Express brands.