SkyWest Inc. Orders 100 E-Jets E2 as Launch Customer


Courstesy Embraer

Paris, France, June 17th, 2013 – Embraer S.A. (NYSE: ERJ; BM & FBOVESPA: EMBR3) and SkyWest Inc. (SkyWest) signed a firm order for 100 E175-E2 aircraft, with another 100 Purchase Rights, bringing the total potential of the order to 200 aircraft. The announcement was made today at a press conference at the 50th International Paris Air Show. If all the orders are exercised, the contract has an estimated value, at list price, of USD 9.36 billion.

This new contract is in addition to SkyWest’s previous order in May 2013 for up to 200 current generation E175 aircraft, and therefore the potential order of E-Jets at SkyWest may reach 400 aircraft.

“After concluding an agreement for up to two hundred orders for our current-generation E-Jets from SkyWest just last month, I’m more than glad that the company has made this decision to be the launch customer for the E175-E2,” said Paulo Cesar Silva, President and CEO, Embraer Commercial Aviation. “To have the world’s largest regional airline placing this E-Jets E2 order shows SkyWest’s confidence in Embraer and its products. Our companies have a long history together and with this new contract, that partnership is going to continue well into the future.”

As the first operator to order the E175-E2, SkyWest becomes the launch customer for that aircraft, one of three E-Jets E2 models. “The selection of the current E175 and the new E175-E2 is another phase of our fleet renewal strategy that will allow SkyWest to offer the best operating economics for its partners and the most comfortable experience for their passengers,” said Jerry Atkin, Chairman and CEO of SkyWest. “We’ve worked with Embraer for many years and our good experience with the EMBs and ERJs promises to continue with our new fleet of E-Jets.”

Source Embraer / Edited By Airline Adviser 06/17/13