Mon, Feb 04, 2013
Will Minimize Airline's Investment On High-Value Repairable Inventories And Resources
Republic Airways Holdings has reached an agreement with Brazilian aircraft manufacturer Embraer on a Flight Hour Pool Program under which Embraer will provide component support for Republic’s fleet of Embraer jet aircraft.
Embraer's Flight Hour Pool Program is designed to minimize an airline’s upfront investment on high-value repairable inventories and resources, while taking advantage of the company’s technical expertise and its component service provider network. More than 400 repairable part numbers, including systems such as hydraulic, electrical and engine components will be covered under the agreement with Republic. Under the program, Republic will sell certain parts to Embraer and will lease them back over the term of the agreement.
Republic’s E-170, 175 and 190 aircraft will be covered under the program through February 2020; the E145 family will be covered through December 2017. Up to 308 aircraft will be covered under the program, potentially including Republic’s recent aircraft order of 47 E175 aircraft and 47 options.
“As we look to achieve best-in-class economics in the operation of our aircraft fleet, we believe it makes sense to leverage our manufacturing partners’ expertise at the component MRO level,” said Republic Chief Executive Officer Bryan Bedford. “We are very confidence that the Embraer Flight Hour Pool Program will provide the quality, timely service and necessary maintenance savings for our growing E-jet fleet from this leading aircraft manufacturer. We look forward to incorporating these benefits into our operations.”
“This agreement with Republic continues to broaden and deepen our relationship with one of our most valued, long term customers,” said John Linn, Vice President, Services and Support, North America, Embraer Commercial Aviation, “We are very proud of the trust the largest E-Jets operator in the world has placed in Embraer Services.”
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