Embraer Signs a New Order with Republic for 5 additional E175
Embraer and Republic Airways Holdings Inc., operator of the largest E-Jet fleet in the world, signed an order for five new E175 jets. The contract, with an estimated value of 222 USD million, based on Embraer’s list price, will be included in the 2015 first-quarter backlog. The aircraft, configured in dual class with 76 seats, are expected to be delivered in mid- 2016.
This order of five E-Jets is in addition to the previous two orders for E175s placed by Republic in January 2013, for 47 firm aircraft, and in September 2014, for 50 firm aircraft. Apart from this new order, Republic maintains 32 options for the E175s.
Global Aircraft Leasing Market: Size, Trends, & Forecasts (2016-2020)
In North America, the E175 has dominated the 76-seat class in the past two years with around 80% market share of orders.
The E-Jets family entered into service in 2004. Currently, E-Jets are flying with 65 airlines from 45 countries, holding 62% market share, based on deliveries, in the segment of jets with capacity of up to 130 seats. The E-Jets are flying with mainline, low-cost and regional carriers, as well as charter airlines. The E-Jets have global customer support with 37 MRO service centers, worldwide, including 12 Embraer Authorized Service Centers (EASC) and 25 independent centers.
Source : Embraer - Empresa Brasileira de Aeronautica S.A. (NYSE: ERJ) - view original press release
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