Embraer S.A. announced today, at the 2014 edition of the Farnborough International Airshow, that it has received an order for 50 E175-E2 jets from Trans States Holdings, parent company of Trans States Airlines, Compass Airlines and GoJet Airlines. The agreement also includes options for an additional 50 units, taking the total order potential to 100 aircraft. Deliveries are scheduled to begin in June 2020.The order, which is valued at approximately USD 2.4 billion at list prices, is subject to certain conditions. It will be added to the Company's firm order backlog when these conditions are met and final confirmation of the aircraft is received from Trans States.
“The E175-E2 is proving to be the preferred aircraft for North American carriers as they confirm their future fleet requirements for the next decade,” said Paulo Cesar Silva, President & CEO, Embraer Commercial Aviation. “When it takes delivery of its first E2 in 2020, Trans States will be flying the newest, most efficient and cost-competitive airplane in its category. It's a tremendous order and a clear recognition of the investments we are making in our E-Jets family.”
The Trans States E175-E2s will be configured with 76 seats in a dual-class layout.
“We are very excited to announce this agreement on the E2, which expands our relationship with Embraer. Our partnership has spanned well over two decades, and now, due to this agreement, will be expanding decades more into the future,” said Richard A. Leach, President of Trans States Holdings Inc. “The improved performance and cost savings technologies the E2 will bring to the marketplace will enhance Trans States Holdings’ ability to provide industry-leading solutions in fuel burn, maintenance costs, environmental impact and performance through cutting-edge technological advancements to our major airline customers.” Leach went on to say, “This announcement also reaffirms our commitment to the value of the geared-turbofan technology and our confidence in the expertise of our Embraer partners to produce an industry leading and revolutionary new aircraft.”
The three new E-Jets E2 (E175-E2, E190-E2, and E195-E2) are powered by Pratt & Whitney’s latest generation geared-turbofan engines, have new aerodynamically advanced wings, full fly-by-wire flight controls, and systems advances that will bring lower external noise levels and double-digit savings in fuel burn, maintenance costs, and CO2 emissions.
Source: Embraer - Empresa Brasileira de Aeronautica S.A. (NYSE: ERJ)
Date: Jul 15, 2014