Embraer S.A. and Republic Airways Holdings Inc., the world’s largest operator of E-Jets, announced a contract for the sale and purchase of 50 firm E175 jets. The value of order 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 Republic placed 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.
This transaction is tied to the transfer of Q400 turboprop airplanes currently operated by Republic Airlines to UK carrier Flybe. As part of the agreement Flybe and Embraer have agreed to reduce by 20 the outstanding order for 24 E175’s the airline has on order. Therefore, the net increase to Embraer’s order book will be 30 E175 jets.
Bryan Bedford, President, Chairman and CEO of Republic
“Embraer has a long history of working with us to meet our partners’ needs, 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.