Posted on: 21 July 2010 by Ross McSweeny
Embraer and Republic Airways Holdings, the largest E-Jets operator in the world, have signed a Letter of Intent (LOI) for the sale of 24 Embraer 190s, with the total value of the agreement, at list price, being $960 million, based on January 2010 economic conditions.
Embraer’s relationship with Republic dates back to 1999, when Chautauqua Airlines, also a subsidiary of Republic Airways Holdings, took delivery of its first ERJ 145 for the US Airways Express operation. Chautauqua Airlines currently operates the three models of the ERJ 145 family – the ERJ 135, the ERJ 140 and the ERJ 145 – totalling 78 aircraft, under the colours of American Connection, Continental Express, Delta Connection, Frontier Airlines, Midwest Airlines, and US Airways Express. Republic Airways Holdings, which owns six airlines, operates a total number of 223 Embraer jets.
“It is my distinct pleasure to announce a further expansion of our partnership with Embraer,” said Bryan Bedford, CEO of Republic Airways Holdings. “This new agreement confirms our commitment to the E-Jet family. We chose them again because passenger comfort, mission performance, especially in hot and high markets like Denver (DEN), and compelling economics are hallmarks of the E-Jets product line. We will start to take delivery of six EMBRAER 190 jets in mid 2011 and we also have flexibility through conversion rights to the EMBRAER 195 in a 116 seat single class configuration with our stretch seating interior.”
The U.S.-based company currently has 145 E-Jets in its fleet (76 EMBRAER 170s, 54 EMBRAER 175s, and 15 EMBRAER 190s), operating under the colors of Delta Connection, Frontier Airlines, Midwest Airlines, United Express, and US Airways Express. The first delivery of the new EMBRAER 190s is scheduled for the first half of 2011.