Contract Has A Value Of $9.3 Billion Based On Current List Prices
Embraer and Republic Airways have signed a Letter of Intent (LoI) for a firm order of 100 E175, with the right to convert to E175-E2 aircraft, and purchase rights for an additional 100 E175 aircraft. If all purchase rights are exercised, the contract has a value of up to $9.3 billion based on current list prices. This order will be included in Embraer’s backlog as soon as it becomes firm, later this year.