Thursday, January 24, 2013

American Eagle - Republic Airways Buys Jets From Brazil's Embraer - News

SAO PAULO (AP) Brazilian planemaker Embraer said Thursday this authorized a new 2 year contract by using Republic Airways Holdings Inc. for the good discounts of 47 E-175 voyager jets for a strong predicted US$2 billion.

Embraer affirms in the report the fact that deal involves options for a different 47 aircraft, which in turn would certainly take the sum value of the deal in order to approximately US$4 billion.

Deliveries from the 76-seat plane usually are expected to start around mid-2013, Embraer said.

The brand new aircraft shall be managed from the Indianapolis, Indiana-based company beneath the American Eagle brand in American Airlines' regional network. The deal will be subject to court approval anticipated in the first quarter of 2013.

With the new order, the Republic Airways E-Jet fleet might be made of associated with 72 E170s as well as 107 E175s, your Embraer statement said, incorporating in which more than one hundred fifty E175s usually are currently throughout provider together with 12 carriers.

Embraer will be world's third-largest commercial aircraft manufacturer at the rear of Boeing and also Airbus.

On Wednesday, American Airlines mentioned this reached a 12-year take care of Republic Airways to perform regional plane tickets employing 76-seat planes.

Under that agreement, Republic Airlines will get Embraer planes displayed in American Eagle colors. They will go towards procedure for a price of 2 or three each month starting inside mid-2013.

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