Embraer and Republic Airways sign $4bn contract for up to 94 E175 Jets

Embraer and Republic Airways Holdings, operator of the largest E-Jets fleet in the world, announced a contract for the sale of 47 EMBRAER 175 jets. The agreement also includes options for an additional 47 aircraft, providing a potential for 94 E175s, which could reach a total value of approximately $4bn, in 2013 economic conditions, at list price. The new aircraft will be operated by Republic Airlines, a Republic subsidiary, under American Eagle brand in the American Airlines’ regional network. The deal is subject to court approval which is expected to occur in the first quarter of 2013. The E175 will be featured in a dual-class layout, seating up to 76 passengers and the first delivery is scheduled for mid-2013.