Embraer and Republic Airways have signed a contract for a firm order of 100 E175 jets. This agreement was announced as a Letter of Intent (LoI) at the Farnborough Airshow, in July. The firm order has a value of US$4.69 billion, based on current list prices, and will be included in Embraer’s 2018 fourth-quarter backlog. Deliveries will start in 2020.
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 US$9.38 billion.
“What a great way to finish this very hectic year for us at Embraer,” said John Slattery, President & CEO, Embraer Commercial Aviation. “As we promised in Farnborough, we are now closing a very important contract with Republic for these additional E175’s, continuously growing our long-standing partnership.”
Including this new contract, Embraer has sold more than 535 E175s to airlines in North America since January 2013, earning more than 80% of all orders in this 76-seat jet segment.
