Embraer (NYSE: ERJ; B3: EMBR3) has agreed to the sale of 19 new E175 jets to SkyWest, Inc. (NASDAQ: SKYW) for operation in the United Airlines (NYSE: UAL) network, adding to the 90 E175 jets SkyWest already operates for United. The E175 aircraft will fly exclusively with United under a Capacity Purchase Agreement (CPA). The value of the contract, which has been included in Embraer’s Q3 backlog, is US$1.1billion, based on list price.
The 70-seat aircraft will be delivered in a three-class configuration. Deliveries will begin Q4 2024. President and CEO of SkyWest Chip Childs said, “SkyWest is already the largest E175 operator in the world, and when this order is delivered we will have over 250 E175s. We look forward to continuing to improve the passenger flying experience with enhanced comfort and reliability.”
Martyn Holmes, CCO, Embraer Commercial Aviation, said, “We are pleased to build upon our superb partnership with SkyWest. The E175 is truly a versatile aircraft, the backbone of North American regional aviation.”