The world’s largest E-Jet operator Republic Airways has confirmed order for 100 Embraer E175s, worth USD 4.69 billion. The two companies signed a Letter of Intent (LoI) at the Farnborough Airshow, in July.
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.
“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.
Republic Airways and Embraer established their partnership in 1999 when one of its former subsidiaries, Chautauqua Airlines, took delivery of its first ERJ 145 in the livery of US Airways Express. Today, Republic Airline operates a fleet of nearly 190 Embraer 170/175 aircraft and provides fixed-fee flights operated under its major airline partner brands of American Eagle, Delta Connection and United Express.
Including this new contract, Embraer has sold more than 535 E175s to airlines in North America since January 2013, earning more than 80 percent of all orders in this 76-seat jet segment.
Embraer is the world’s leading manufacturer of commercial jets with up to 150 seats.
Republic Airline is headquartered in Indianapolis, Indiana.