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Mon, Jul 16, 2007

Embraer Sells 13 E-175s To Republic Airlines

Regional Carrier World's Largest E-Jet Operator

Embraer announces that Republic Airlines, a subsidiary of Republic Airways Holdings, has increased its orders for the Embraer 175 by 13 firm orders, totaling $403 million, at list price, based on January 2007 economic conditions. Eight aircraft of 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 follow-on order of 13 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."

FMI: www.embraer.com, www.republicairlines.com

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