Republic Airways firms up order for 100 E175s

Lauren Eldershaw
By Lauren Eldershaw December 20, 2018 12:37

Republic Airways firms up order for 100 E175s

Republic Airways has signed a contract for a firm order of 100 E175 jets. This agreement was announced as a Letter of Intent (LoI) at the Farnborough Airshow, in July. The firm order has a value of $4.69 billion, based on current list prices, and will be included in Embraer’s 2018 fourth-quarter backlog. 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 of $9.38 billion.

“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.

Lauren Eldershaw
By Lauren Eldershaw December 20, 2018 12:37