PRZOOM - /newswire/ -
São José dos Campos, Brazil, 2013/02/07 - Embraer, Azul Linhas Aéreas Brasileiras S.A. and TRIP Linhas Aéreas signed a renewal and expansion contract for the Pool services, on support for more than 350 spare parts. NYSE: ERJ; Bovespa: EMBR3
Embraer, Azul Linhas Aéreas Brasileiras S.A. and TRIP Linhas Aéreas signed a renewal and expansion contract for the Pool services, on support for more than 350 spare parts and all repairable components of the hydraulic, mechanical, pneumatic, electronic and propulsion systems for their E-Jets.
The renewal means the agreement will be extended until 2020, representing an approximate value of USD 400 million during that period. In the coming years, the total number of Embraer jets that will be operating at the two airlines covered by the program will reach 97.
“Azul and TRIP, not only have one of the largest operating E-Jet fleets but the companies also have the highest daily utilization of E-Jets in the world. Embraer (embraer.com) is proud to expand the partnership of this support operation”, said Eduardo Munhós de Campos, Vice President, Latin America and the Caribbean, Commercial Aviation. “Expanding the contract shows the efficiency of the Pool Program services as an important tool for airlines to manage fleets, regardless of their size.”
Embraer's Pool Program, currently supporting more than thirty airlines worldwide, is designed to minimize airlines’ up-front investment on high-value repairable inventories and resources, while taking advantage of Embraer's technical expertise and its vast component service provider network. This results in significant savings on repair and inventory carrying costs, reduction in required warehousing space, virtually eliminating the need for resources required for repair management, and ultimately, guaranteed performance levels. All E-Jets customers in South America have joined the program.
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