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Wednesday, December 26, 2007

Republic Converts 11 E-Jets Options

Republic Airways Holdings converted 11 options for the Embraer ERJ 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 $341 million, based on January 2007 economic conditions.
Republic Airways is the largest E-Jets operator in the world, with 76 170s and 25 175s currently in its fleet. The company's remaining E-Jets order book now totals 29 firm orders and 74 options. Shuttle America currently operates 44 170 jets, 16 of which in the Delta Connection livery. The company's ERJ 175 will be configured with 76 seats – 12 first-class and 64 coach.
At the end of the third quarter of 2007, the ERJ 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.