SAO JOSE DOS CAMPOS, Brazil, Dec. 21 /PRNewswire-FirstCall/ -- Embraer has received confirmation from U.S.-based Republic Airways Holdings of 11 options for the EMBRAER 175 jet. The aircraft will be operated by its subsidiary Shuttle America and will fly under the Delta Connection brand name. First delivery is scheduled for July 2008. The value of the deal, at list price, is US$ 341 million, based on January 2007 economic conditions.
"We are honored, once again, to be a part of the further expansion of Republic's fleet," said Mauro Kern, Embraer's Executive Vice President, Airline Market. "This additional order from our largest customer confirms that our approach for the E-Jets family in offering the right aircraft size for different airline applications meets market demands."
Republic Airways is the largest E-Jets operator in the world, with 76 EMBRAER 170 and 25 EMBRAER 175 jets currently in its fleet. The company's remaining E-Jets order book now totals 29 firm orders and 74 options. Shuttle America has been offering scheduled commercial passenger service since 1998 and currently operates 44 EMBRAER 170 jets, 16 of which in the Delta Connection livery. The company's EMBRAER 175 will be configured with 76 seats -- 12 first-class and 64 coach.
"We are very pleased to add the EMBRAER 175 to the Delta Connection fleet. Our customers will appreciate the size and comfort of these jets," said Bryan Bedford, Chairman, President and CEO of Republic Airways Holdings. "The introduction of the first EMBRAER 175 will allow us to deliver a seamless travel experience to our partners."
The EMBRAER 175 is one of the four members of the new E-Jets family, which entered service in December 2004. At the end of the third quarter of 2007, the EMBRAER 170/190 family of E-Jets had logged 712 firm orders and 756 options, totaling 1,468 aircraft. Currently, the E-Jets client base is 43 companies in over 30 countries on five continents, accumulating more than one million flight hours.
About Republic Airways Holdings
Republic Airways Holdings is an airline holding company based in Indianapolis, Ind., that owns Chautauqua Airlines, Republic Airlines and Shuttle America. These companies offer scheduled passenger service on over 1,200 daily flights to 119 cities in 39 States, Canada, Jamaica, Mexico, and the Bahamas, through service agreements with six U.S. carriers. All flights are operated under the airlines' brand names, such as American Connection, Continental Express, Delta Connection, Frontier Airlines, United Express, and US Airways Express. The group currently employs approximately 4,600 aviation professionals and operates 219 regional jets. More information is available at http://www.rjet.com/ .
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Embraer (Empresa Brasileira de Aeronautica S.A. -- NYSE: ERJ; Bovespa: EMBR3) is the world's largest manufacturer of Commercial jets up to 120 seats, and one of Brazil's leading exporters. Embraer's headquarters are located in Sao Jose dos Campos, Sao Paulo, and it has offices, industrial operations and customer service facilities in Brazil, the United States, France, Portugal, China and Singapore. Founded in 1969, the Company designs, develops, manufactures and sells aircraft for the Commercial Aviation, Executive Aviation, and Defense and Government segments. The Company also provides after sales support and services to customers worldwide. On September 30, 2007, Embraer had a workforce of 23,770 employees and a firm order backlog of US$ 17.2 billion.
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 Embraer'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 Embraer 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. Embraer 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 Embraer expectations.
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