Republic Airways to buy 100 Embraer jets

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Republic Airways to buy 100 Embraer jets

Postby Greg on Tue Jul 17, 2018 9:30 pm

U.S. regional airline Republic Airways signed a letter of intent to buy 100 E175 passenger jets made by Brazil’s Embraer SA , the two companies said at the Farnborough Airshow on Tuesday.

Republic said the deal would include an option to convert to Embraer’s latest E175-E2 aircraft, with purchase rights for an additional 100 E175 aircraft.

The contract has a value of up to $9.3 billion based at current list prices if all purchase rights are exercised, the airline said.

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