Embraer and Republic Airways close 2018 with a firm order of 100 E175 jets with an option for another 100
SÃO PAULO, Brazil – Embraer and Republic Airways have 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, 2018. The firm order has a value of $4.69 billion USD, 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 of USD 9.38 billion.
“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," said John Slattery, President & CEO, Embraer Commercial Aviation.
“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.
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