MarkLawrence
2007-07-13, 12:23 PM
Embraer Sells 13 Embraer 175 Jets to Republic Airlines
U.S. regional carrier is the largest E-Jets operator in the world
SAO JOSE DOS CAMPOS, Brazil, July 13 /PRNewswire-FirstCall/ -- Embraer
(NYSE: ERJ) announces that Republic Airlines Inc., a subsidiary of Republic
Airways Holdings, has increased its orders for the EMBRAER 175 by 13 firm
orders, totaling US$403 million, at list price, based on January 2007
economic conditions. Eight aircraft from this order were already included
in Embraer's first quarter backlog as "Undisclosed", and the other five
refer to options confirmed during the second quarter.
As of today, Republic is operating 76 EMBRAER 170 and 11 EMBRAER 175
jets, and the company's firm order backlog totals 32 E-Jets.
"We are honored to continue sharing Republic Airlines' success," said
Mauro Kern, Embraer Executive Vice President, Airline Market. "Republic
operates both the EMBRAER 170 and EMBRAER 175. This order of 13 additional
EMBRAER 175 jets is an important validation of our strategy of providing
airlines with the flexibility they need to match the right aircraft size to
different market demands."
Embraer's long and prolific relationship with Republic goes back to
1998, when Chautauqua Airlines, also a member of Republic Airways Holdings,
purchased ten 50-seat ERJ 145 jets. Later, the airline became an operator
of the entire ERJ 145 family by ordering the ERJ 135 and the ERJ 140 jets.
Currently, the Embraer fleet flying with Republic Airways totals an
impressive 182 jets.
"As the largest operator of E-Jets around the world, we are very
pleased to expand our fleet of EMBRAER 175 jets with the addition of these
13 new aircraft," said Bryan Bedford, Chairman, President and CEO of
Republic Airways Holdings. "Our company continues its long-standing
tradition of delivering safe, reliable and cost-effective service to our
customers and airline partners. The Embraer E-Jets family has set a high
standard for airline service in North America. Passengers love this
aircraft for its spacious interior design and, in particular, for the
absence of a middle seat."
This document may contain projections, statements and estimates
regarding circumstances or events yet to take place. Those projections and
estimates are based largely on current expectations, forecasts on future
events and financial tendencies that affect the Company's businesses. Those
estimates are subject to risks, uncertainties and suppositions that
include, among others: general economic, political and trade conditions in
Brazil and in those markets where the Company does business; expectations
on industry trends; the Company's investment plans; its capacity to develop
and deliver products on the dates previously agreed upon, and existing and
future governmental regulations. The words "believe," "may," "is able,"
"will be able," "intend," "continue," "anticipate," "expect" and other
similar terms are supposed to identify potentialities. The Company does not
feel compelled to publish updates nor to revise any estimates due to new
information, future events or any other facts. In view of the inherent
risks and uncertainties, such estimates, events and circumstances may not
take place. The actual results can therefore differ substantially from
those previously published as Company expectations.
U.S. regional carrier is the largest E-Jets operator in the world
SAO JOSE DOS CAMPOS, Brazil, July 13 /PRNewswire-FirstCall/ -- Embraer
(NYSE: ERJ) announces that Republic Airlines Inc., a subsidiary of Republic
Airways Holdings, has increased its orders for the EMBRAER 175 by 13 firm
orders, totaling US$403 million, at list price, based on January 2007
economic conditions. Eight aircraft from this order were already included
in Embraer's first quarter backlog as "Undisclosed", and the other five
refer to options confirmed during the second quarter.
As of today, Republic is operating 76 EMBRAER 170 and 11 EMBRAER 175
jets, and the company's firm order backlog totals 32 E-Jets.
"We are honored to continue sharing Republic Airlines' success," said
Mauro Kern, Embraer Executive Vice President, Airline Market. "Republic
operates both the EMBRAER 170 and EMBRAER 175. This order of 13 additional
EMBRAER 175 jets is an important validation of our strategy of providing
airlines with the flexibility they need to match the right aircraft size to
different market demands."
Embraer's long and prolific relationship with Republic goes back to
1998, when Chautauqua Airlines, also a member of Republic Airways Holdings,
purchased ten 50-seat ERJ 145 jets. Later, the airline became an operator
of the entire ERJ 145 family by ordering the ERJ 135 and the ERJ 140 jets.
Currently, the Embraer fleet flying with Republic Airways totals an
impressive 182 jets.
"As the largest operator of E-Jets around the world, we are very
pleased to expand our fleet of EMBRAER 175 jets with the addition of these
13 new aircraft," said Bryan Bedford, Chairman, President and CEO of
Republic Airways Holdings. "Our company continues its long-standing
tradition of delivering safe, reliable and cost-effective service to our
customers and airline partners. The Embraer E-Jets family has set a high
standard for airline service in North America. Passengers love this
aircraft for its spacious interior design and, in particular, for the
absence of a middle seat."
This document may contain projections, statements and estimates
regarding circumstances or events yet to take place. Those projections and
estimates are based largely on current expectations, forecasts on future
events and financial tendencies that affect the Company's businesses. Those
estimates are subject to risks, uncertainties and suppositions that
include, among others: general economic, political and trade conditions in
Brazil and in those markets where the Company does business; expectations
on industry trends; the Company's investment plans; its capacity to develop
and deliver products on the dates previously agreed upon, and existing and
future governmental regulations. The words "believe," "may," "is able,"
"will be able," "intend," "continue," "anticipate," "expect" and other
similar terms are supposed to identify potentialities. The Company does not
feel compelled to publish updates nor to revise any estimates due to new
information, future events or any other facts. In view of the inherent
risks and uncertainties, such estimates, events and circumstances may not
take place. The actual results can therefore differ substantially from
those previously published as Company expectations.