SAO JOSE DOS CAMPOS, Brazil, Sept. 17,
2014 /PRNewswire/ -- Embraer S.A. and Republic
Airways Holdings Inc., operator of the largest E-Jets fleet in the
world, announced a contract today for the sale and purchase of 50
firm E175 jets. The value of the firm order, which will be included
in Embraer's 2014 third-quarter backlog, is estimated at
USD 2.1 billion, based on 2014 list
prices. The aircraft will be operated for United Airlines
under the United Express brand. Deliveries are scheduled to
begin in the third quarter of 2015 and extend until 2017.
This contract is in addition to the order signed by Embraer and
Republic in January 2013 for 47 firm
and 47 option E175s – 34 of which have already been delivered. In
addition to the new order, Republic maintains 32 options for
E175s.
"We have long and successful relationships established with both
Republic and United. This new contract further strengthens these
important bonds," said Paulo Cesar
Silva, President & CEO, Embraer Commercial Aviation. "As
the worldwide leader in the 70 to 130-seat jet segment, Embraer has
shown the capability of fulfilling the needs of airlines in the
demanding and challenging U.S. regional market, providing the best
aircraft in the segment, with outstanding economics and the most
comfortable passenger cabin."
This transaction is in connection with the transfer of Q400
turboprop airplanes currently operated by Republic Airlines to UK's
carrier Flybe Limited. Concurrently, Flybe and Embraer have agreed
to reduce by 20 the outstanding order for 24 E175's the airline has
on order backlog. Therefore, the net increase to Embraer's backlog
in the 3rd quarter will be 30 E175 jets.
"Embraer has a long history of working with us to meet our
partners' needs," said Bryan
Bedford, President, Chairman and CEO of Republic. "We look
forward to working with Embraer, United and Flybe to complete this
fleet transition."
Republic Airways was one of the first U.S. carriers to fly
Embraer E-Jets, operating its first E170 in 2004. With this new
order, the Republic Airways E-Jet fleet will consist of 72 E170s
and 151 E175s for a total of 223 E-Jets. Republic Airways is also a
long-time customer of the ERJ 145 regional jet family with 41
flying as Delta Connection aircraft.
About Republic Airways Holdings Inc.
Republic Airways Holdings Inc., based in Indianapolis, Indiana, is an airline holding
company that owns Chautauqua Airlines, Republic Airlines and
Shuttle America, collectively called "the airlines." The airlines
operate a combined fleet of nearly 250 aircraft and offer scheduled
passenger service on about 1,300 flights daily to about 110 cities
in the U.S., Canada and the
Caribbean through fixed-fee
flights operated under our major airline partner brands, including
American Eagle, Delta Connection, United Express and US Airways
Express. The airlines currently employ about 6,500 aviation
professionals. For more information about Republic Airways, please
visit our website at www.rjet.com.
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Note to Editors
Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) is the world's
largest manufacturer of commercial jets up to 130 seats, and one of
Brazil's leading exporters.
Embraer's headquarters are located in Sao Jose dos Campos,
Sao Paulo, and it has offices,
industrial operations and customer service facilities in
Brazil, China, France, Portugal, Singapore, and the U.S. Founded in 1969, the
Company designs, develops, manufactures and sells aircraft and
systems for the commercial aviation, executive aviation, and
defense and security segments. It also provides after sales support
and services to customers worldwide. For more information, please
visit www.embraer.com.br.
This document may contain projections, statements and
estimates regarding circumstances or events yet to take place.
Those projections and estimates are based largely on current
expectations, forecasts on future events and financial tendencies
that affect Embraer's businesses. Those estimates are subject to
risks, uncertainties and suppositions that include, among others:
general economic, political and trade conditions in Brazil and in those markets where Embraer does
business; expectations on industry trends; the Company's investment
plans; its capacity to develop and deliver products on the dates
previously agreed upon, and existing and future governmental
regulations. The words "believe", "may", "is able", "will be able",
"intend", "continue", "anticipate", "expect" and other similar
terms are supposed to identify potentialities. Embraer does not
feel compelled to publish updates nor to revise any estimates due
to new information, future events or any other facts. In view of
the inherent risks and uncertainties, such estimates, events and
circumstances may not take place. The actual results can therefore
differ substantially from those previously published as Embraer
expectations.
CONTACTS:
Headquarters (Brazil)
Rosana Dias
rosana.dias@embraer.com.br
Cell: +55 12 9724 4929
Tel.: +55 12 3927 1311
Fax: +55 12 3927 2411
North America
Robert Stangarone
rstangarone@embraer.com
Cell: +1 954 260 9939
Tel.: +1 954 359 3101
Fax: +1 954 359 4755
Europe, Middle East and Africa
Herve Tilloy
herve.tilloy@embraer.fr
Cell: +33 6 0864 3545
Tel.: +33 1 4938 4530
Fax: +33 1 4938 4456
China
Mirage Zhong
mirage.zhong@bjs.embraer.com
Cell: +86 138 1191 8053
Tel.: +86 10 6598 9988
Fax: +86 10 6598 9986
Asia Pacific
Nilma Missir-Boissac
Nilma.boissac@sin.embraer.com
Cell: +65 9012 8428
Tel.: +65 6305 9955
Fax: +65 6734 3908
SOURCE Embraer S.A.