EMBRAER S.A.: SkyWest Airlines Orders 16 New E175 Aircraft for Operation with Delta Air Lines

Rhea-AI Summary

Embraer has finalized an agreement to sell 16 E175 jets to SkyWest for operations within the Delta Air Lines network, valued at USD 798.4 million. This addition complements the 71 E175 jets already in service with Delta. The new aircraft, featuring a three-class configuration, aim to enhance Delta’s domestic connectivity and will start delivery in mid-2022. SkyWest's CEO noted the significant operational role of E175 jets, marking a total of nearly 240 aircraft with various airlines in North America.

Positive

• Sale of 16 E175 jets increases backlog by USD 798.4 million.
• Strengthens long-term partnership with SkyWest and Delta.
• E175 jets are essential for meeting rebounding domestic travel demand.

Negative

• None.

SÃO JOSÉ DOS CAMPOS, Brazil, Aug. 9, 2021 /PRNewswire/ -- Embraer has agreed the sale of 16 new E175 jets to SkyWest, Inc. (NASDAQ: SKYW) for operation in the Delta Air Lines (NYSE: DAL) network, adding to the 71 E175 jets SkyWest already operates for Delta. The E175 aircraft will fly exclusively with Delta under a Capacity Purchase Agreement (CPA). The value of the contract, which will be included in Embraer's third quarter backlog, is USD 798.4 million, based on list price.

The 76-seat aircraft will be delivered in Delta's livery and will have a three-class configuration. Deliveries start in mid-2022.

President and CEO of SkyWest, Chip Childs, said, "SkyWest operates more E175s than any other carrier in the world. With these aircraft, we will have nearly 240 E175s operating with airlines in North America. This month we are proud to reach two million flight hours in the E175. Our customers love the E175, and we have great confidence in and appreciate our partnership with Embraer."

Mark Neely, VP Sales and Marketing, The Americas, Embraer Commercial Aviation, said, "Our superb partnership with SkyWest continues with this new provision for Delta. The E175 is the backbone of the North American regional market, and as the industry begins to emerge from the pandemic we are seeing growing long-term demand for rightsized aircraft to deliver profitable domestic connectivity. The E175 has been a lifeline for carriers as they are perfectly suited to rebuild routes, add frequencies, and add incremental capacity to meet rebounding domestic demand."

Aircraft photos: https://embraer.imagerelay.com/ml/c99a265199534a92a5aedcd3e25823eb

Follow us on Twitter: @Embrae

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.

Headquarters (Brazil)
Corporate Communications
embraer@idealhks.com
Cell: +55 11 98890 7777
Tel.: +55 11 4873 7984

North America
Alyssa Ten Eyck
aeyck@embraer.com 
Cell: +1 954 383 0460
Tel.: +1 954 359 3847 

Europe, Middle East and Africa
Guy Douglas 
guy.douglas@nl.embraer.com 
Cell: +31 (0)657120121
Tell: +31 (0)202158109 

China
Mirage Zhong
mirage.zhong@bjs.embraer.com
Cell:  +86 185 1378 5180
Tel.: +86 10 6598 9988 

Asia Pacific
Nilma Missir-Boissac
mirage.zhong@bjs.embraer.com
Cell: +65 9012 8428
Tel.: +65 6305 9955 

View original content:https://www.prnewswire.com/news-releases/embraer-sa-skywest-airlines-orders-16-new-e175-aircraft-for-operation-with-delta-air-lines-301351544.html

SOURCE Embraer S.A.

FAQ

What is the value of Embraer's contract with SkyWest for E175 jets?

The contract with SkyWest is valued at USD 798.4 million.

How many E175 jets will SkyWest operate for Delta after the new order?

SkyWest will operate a total of 87 E175 jets for Delta, including the new order of 16 jets.

When will the new E175 jets be delivered to SkyWest?

The delivery of the new E175 jets is scheduled to begin in mid-2022.

What is the significance of the E175 jets in the North American market?

The E175 jets are considered the backbone of the North American regional market, catering to increasing domestic connectivity.