Embraer receives $15.3B in orders at Farnborough

Embraer receives $15.3B in orders at Farnborough

Republic Airlines orders 100 E170/175 jets, United Airlines orders 25 E175 regional jets.

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Embraer officials announced sales, options, and letters of intent for 300 aircraft at the 2018 Farnborough International Airshow, valued at $15.3 billion.

In the North American market, Embraer and United Airlines officials signed a firm order for 25 E175 jets in a 70-seat configuration. The contract has a value of $1.1 billion, based on current list prices, and will be included in Embraer’s 2018 third-quarter backlog. Deliveries will begin in the second quarter of 2019.

“We are thrilled that United is adding another 25 Embraer aircraft to the large existing fleet of almost 400 E-Jets and ERJ’s currently flying in the United Express network,” said Charlie Hillis, Embraer Commercial Aviation’s vice president of sales and marketing, North America.

Including this new contract, Embraer has sold more than 420 E175s to airlines in North America since January 2013, earning more than 80% of all orders in this 70-76-seat jet segment.

Republic Airlines and Embraer officials signed a letter of intent for a firm order of 100 E175 jets, with the right to convert to E175-E2 aircraft, and purchase rights for an additional 100 E175 aircraft. If all purchase rights are exercised, the contract has a value of up to $9.3 billion based on current list prices.

The General Electric CF34-8E engines to power Republic Airlines’ firm-order of 100 Embraer E170/175 regional jets are valued at more than $1.4 billion at list price.

"With this order, Republic Airlines will be the largest operator of CF34-8E-powered Embraer E170/175 aircraft with close to 300 aircraft, and we are proud to partner with Republic and Embraer on this significant milestone for all of us," said Chaker Chahrour, vice president and general manager of Global Sales & Marketing at GE Aviation.