SÃO JOSÉ DOS CAMPOS, Brazil, Oct. 19,
2023 /PRNewswire/ -- American Airlines has signed a
firm order with Embraer (B3: EMBR3, NYSE: ERJ) for four new E175s.
The aircraft will be operated by American's wholly owned
subsidiary, Envoy Air. With all deliveries in Q4 2024, Envoy's all
E-Jet fleet will grow to over 150 aircraft by the end of 2024. The
contract value is US$230.6 million at
list price, and will be included in Embraer's 2023 Q4 backlog.
"These new jets will allow us to continue growing with American
Airlines. We're pleased to announce these additional four aircraft,
following the order announced in June, as the US domestic and
regional markets recover from a very challenging few years. The
E175 allows us to provide an excellent and reliable service to
American Airlines and the thousands of guests we serve everyday",
said Pedro Fábregas, President & CEO of Envoy.
"This new order demonstrates once more the importance of the
E175 to connectivity across the United
States, and is another sign that the challenges the market
has been facing are improving," said Martyn
Holmes, CCO, Embraer Commercial Aviation. "The E175 is
the backbone of the US regional network, with over 620 aircraft
sold, and 86% market share since 2013. We thank American Airlines
and Envoy for their long partnership with Embraer."
The E175 entered service in North
America in 2005, and has since come to dominate the sector,
due to its comfort, high performance, and efficiency. Customers
like Embraer's trademark two-by-two seating, meaning no one must
endure a middle seat. To date, the worldwide E170/E175 fleet has
accumulated over 19.5 million flight hours with Envoy having flown
1.3 million of these hours.
Aircraft Images:
https://embraer.imagerelay.com/ml/4f5c75f564fe45fda4f84099030b7ad1
Follow us on Twitter: @Embraer
About Envoy Air
Envoy Air Inc., a wholly owned subsidiary of American Airlines
Group, operates more than 130 Embraer aircraft on 700 daily flights
to over 160 destinations throughout the
United States, Canada,
Mexico, the Bahamas and Caribbean. The company's 19,000 employees
provide regional flight service to American Airlines under the
American Eagle brand and ground handling services for many American
Airlines Group flights. The company was founded in 1998 as American
Eagle Airlines, Inc., following the merger of several smaller
regional carriers to create one of the largest regional airlines in
the world. Envoy is headquartered in Irving, Texas, with hubs in Dallas/Fort Worth, Chicago, and Miami, with a large ground handling operation
in Los Angeles. Connect with Envoy
on Twitter @EnvoyAirCareers, on Instagram @EnvoyAirCareers, and on
Facebook at facebook.com/envoyaircareers
About Embraer
Embraer is a global aerospace company headquartered in
Brazil. It manufactures aircraft
for Commercial and Executive aviation, Defense & Security, and
Agricultural customers. The company also provides after-sales
services & support through a worldwide network of wholly owned
entities and authorized agents.
Since it was founded in 1969, Embraer has delivered more than
8,000 aircraft. On average, about every 10 seconds an aircraft
manufactured by Embraer takes off somewhere in the world,
transporting over 145 million passengers a year.
Embraer is the leading manufacturer of commercial jets up to 150
seats and is the main exporter of high value-added goods in
Brazil. The company maintains
industrial units, offices, service and parts distribution centers
across the Americas, Africa,
Asia, and Europe. Embraer's APAC headquarters is located
in Singapore and its China headquarters is in Beijing.
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SOURCE Embraer S.A.