Republic Airways and Embraer sign firm order for 100 E-Jet
aircraft
Deal solidifies Republic's position as the global fleet
leader
INDIANAPOLIS--(BUSINESS WIRE)--Republic Airways
Holdings Inc., the world's largest operator of E-Jet aircraft, announced today
that it has finalized a firm order for 100 E175 aircraft with Embraer, which
originally was announced at the Farnborough International Airshow in
Farnborough, England, earlier this year. With this firm order, Republic is in
position to begin accepting deliveries 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"
"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,"
Republic President and CEO Bryan Bedford said. "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 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.
About Republic Airways
Republic Airways, based
in Indianapolis, operates a fleet of about 190 Embraer 170/175 aircraft and
offers scheduled passenger service with about 950 daily flights to 100 cities in
40 U.S. states, Canada, the Caribbean and Central America. The airline provides
fixed-fee flights operated under its major airline partner brands of American
Eagle, Delta Connection and United Express. The airline employs about 6,000
aviation professionals. Visit www.rjet.com for more information, follow the
Company on Instagram, Twitter and YouTube, and connect on Facebook or
LinkedIn.
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