Embraer and Virgin Australia sign Components Pool Program Agreement

Embraer (NYSE: ERJ; B3: EMBR3) and Virgin Australia have signed a multi-year contract for Embraer’s Component Pool Program. The airline will be supported by Embraer on a wide range of component exchanges and repair services for the eight E190-E2 that will soon enter Virgin Australia’s fleet. Through the program, airlines can tap into Embraer’s technical expertise and significant component repair service provider network, while minimizing their upfront investment in high-value repairable inventories and resources.

“The E190-E2 will deliver greater efficiency and reliability to our regional fleet. Joining Embraer’s Pool Program strengthens that advantage, giving us robust maintenance support at our new, purpose-built hangar at Perth Airport,” says Alistair Hartley, Chief Strategy and Transformation Officer, Virgin Australia Group.

“Virgin Australia and Embraer are working very closely as we advance toward the E190-E2's entry into service. Through this program, Virgin Australia will gain access to Embraer’s global network and world-class service offerings. The Pool Program is part of Embraer’s comprehensive support solutions, and will ensure the readiness of Virgin Australia’s E190-E2 fleet and allow the airline to fully leverage the E190-E2's fuel-efficiency, performance and reliability,” says Carlos Naufel, CEO and President, Embraer Services & Support.

Currently, the Embraer Pool Program supports more than 60 airlines worldwide. Airlines that have signed on for the program benefit from significant savings in repair and inventory carrying costs and a reduction in warehousing space and resources required for repair management. Embraer Services & Support’s portfolio offers a wide range of competitive solutions designed for each customer to support the growing fleet of Embraer aircraft worldwide and deliver the best after-sales experience in the global aerospace industry.