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Embraer has announced that it has signed a firm sale for 24 E175 jets with United Airlines. This order represents a transfer of 24 E175 jets previously placed with Republic Airways Holdings (Republic), currently in Embraer’s backlog, which will be cancelled.
The 24 aircraft ordered by United Airlines are scheduled for delivery in 2017. The contract has a total value of US$ 1.08 billion, at list price. This backlog movement will be reflected on Embraer’s 2016 fourth-quarter results and does not have an incremental impact on the company’s current backlog.
Embraer is the world’s leading manufacturer of commercial jets with up to 130+ seats. The company has over 100 customers all over the world operating the ERJ and E-Jet families of aircraft. For the E-Jets program alone, Embraer has logged more than 1,700 orders and over 1,200 deliveries, redefining the traditional concept of regional aircraft by operating across a range of business applications.
