Republic Airways, the world’s largest E-Jet
operator, has signed a firm order with Embraer for 100 E175 jets, valued
US$ 4.69 billion, based on current list prices. Deliveries will
start in 2020.
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. With
all purchase rights being exercised, the deal has a list price
US$ 9.38 billion.
Bryan Bedford, Republic’s President and CEO,
said, “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
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.