Embraer and Flybe, one of Europe’s leading low-cost and regional airlines, signed a contract for the sale of 35 EMBRAER 175 jets, today, at the 47th Farnborough International Airshow, in England. The deal includes 65 options and 40 purchase rights, giving the order a potential for 140 EMBRAER 175s. The total value of the contract, at list price, is US$ 1.3 billion, based on January 2010 economic conditions, and could reach US$ 5.0 billion, if all options and purchase rights are exercised.
“Flybe’s decision to select the EMBRAER 175 to complement its existing fleet of 14 EMBRAER 195s is great news, indeed, and we are very thankful for this further sign of confidence in our E-Jets family,” states Frederico Fleury Curado, Embraer President & CEO. “I am sure that this new fleet strategy will give Flybe an even greater profile in the leadership role they play, today.”
The British airline’s EMBRAER 175 jets will be configured in a single-class layout, seating up to 88 passengers with comfortable, 30-inch pitch (76 cm) Elite seats. The first aircraft is scheduled for delivery in the second half of 2011.
“We have enjoyed an excellent relationship with Embraer, since we became the world’s launch customer for the EMBRAER 195, a superb addition to our fleet with outstanding reliability and performance,” says Jim French, Flybe Chairman and Chief Executive Officer (CEO). “The EMBRAER 175 will give us significant added capacity and is particularly suited to the sector lengths prevalent in Europe that we are most interested in exploiting. In short, it perfectly fits Flybe’s business model. We are delighted to extend the long-running partnership with Embraer. With this order, we are securing an aircraft that fits the stated aim of furthering our position as the leading regional airline in Europe.”
Flybe (flybe.com) is a British low-cost and regional airline headquartered at Exeter International Airport (EXT), in Devon, England. It started operations in 1979, as Jersey European Airways, establishing a few key routes from the Jersey Islands to the U.K. The airline re-branded as British European, in June 2000, shortening this title to Flybe, in 2002, repositioning itself as a full service, low-fare airline.
Following the successful acquisition and integration of BA Connect, in March 2007, Flybe increased its route network in both the U.K. and continental Europe, becoming the leading European regional airline. The company currently operates 198 routes, carrying around 7.5 million passengers per year on 73 aircraft, including 14 EMBRAER 195 jets.
About the EMBRAER 170/190 E-Jets family
The EMBRAER 170/190 family of E-Jets consists of four commercial jets with 70 to 122 seats, featuring advanced engineering design, efficient performance, outstanding operating economics, low emission levels and a spacious cabin without middle seats.
The E-Jets have a maximum cruising speed of Mach 0.82, can fly at 41,000 feet (12,497 meters) and have ranges of up to 2,400 nautical miles (4,448 km). The high degree of commonality among the four aircraft – EMBRAER 170, EMBRAER 175, EMBRAER 190 and EMBRAER 195 – results in exceptional savings for carriers, in terms of crew training and costs of spare parts and maintenance. Another key feature of the E-Jets is the state-of-the- art, fly-by-wire technology, which increases operating safety, while reducing pilot workload and fuel consumption.
The double-bubble fuselage design provides superior comfort and includes two main passenger entrances and two service doors, thus minimizing aircraft turn-around time. The EJets offer much more space for passengers, in a single or dual-class layout, than other aircraft with similar seating capacities. For more details, visit EmbraerCommercialJets.com/.
The E-Jets have achieved outstanding success, with nearly 900 firm orders logged and over 650 jets in operation, worldwide. They have accumulated more than 3.7 million flight hours and transported 200 million passengers. This proven family is helping airlines to rightsize low load factor narrowbody routes, to replace older, inefficient aircraft, and to develop new markets with lower operating costs, greater efficiency, and outstanding passenger comfort.
To better understand the benefits of these aircraft, when substituting older jets, visit eforefficiency.com/.
Embraer (Empresa Brasileira de Aeronáutica S.A. - NYSE: ERJ; BM&FBovespa: 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 São José dos Campos, São Paulo, and it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the United States. Founded in 1969, the Company designs, develops, manufactures and sells aircraft for the commercial aviation, executive aviation, and defense segments. The Company also provides after sales support and services to customers worldwide. On June 30, 2010, Embraer (embraer.com.br) had a workforce of 16,781 employees – not counting the employees of its partly owned subsidiaries – and its firm order backlog totaled US$ 15.2 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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