Company Website:
http://www.rjet.com
INDIANAPOLIS -- (Business Wire)
Republic Airways Holdings Inc. (NASDAQ: RJET/NM) today announced that it
has reached an agreement with Brazilian aircraft manufacturer Embraer
(NYSE: ERJ; BM&FBOVESPA: EMBR3) 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.”
About Republic Airways Holdings
Republic Airways Holdings, based in Indianapolis, Indiana, is an airline
holding company that owns Chautauqua Airlines, Frontier Airlines,
Republic Airlines and Shuttle America, collectively “the airlines.” The
airlines operate a combined fleet of more than 280 aircraft and offer
scheduled passenger service on nearly 1,500 flights daily to over 145
cities in the U.S. as well as to the Bahamas, Canada, Costa Rica,
Dominican Republic, Jamaica, and Mexico under branded operations at
Frontier, and through fixed-fee flights operated under airline partner
brands, including AmericanConnection, Continental Express, Delta
Connection, United Express, and US Airways Express. The airlines
currently employ approximately 10,000 aviation professionals. For more
information on Republic Airways, please visit our website at www.rjet.com.
About Embraer
Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) is the world’s largest
manufacturer of commercial jets up to 120 seats, and one of Brazil’s
leading exporters. Embraer’s headquarters are located in São José dos
Campos, São Paulo, and it has offices, industrial operations and
customer service facilities in Brazil, China, France, Portugal,
Singapore, and the U.S. Founded in 1969, the Company designs, develops,
manufactures and sells aircraft and systems for the commercial aviation,
executive aviation, and defense and security segments. It also provides
after sales support and services to customers worldwide. For more
information, please visit www.embraer.com.br.
Contacts:
Republic Airways Holdings Inc.
Media
Peter Kowalchuk,
317-471-2470
or
Investors
Margaret Miller, 317-246-2628
Source: Republic Airways Holdings Inc.