Embraer and Republic sign USD $250 Million agreement for Components Pool Program

   Embraer and Republic sign USD $250 Million agreement for Components Pool

PR Newswire

SAO JOSE DOS CAMPOS, Brazil, Feb. 1, 2013

SAO JOSE DOS CAMPOS, Brazil, Feb. 1, 2013 /PRNewswire/ -- Embraer and Republic
Airways have reached an agreement on a Flight Hour Pool Program whereby
Embraer will provide component support for more than 400 repairable part
numbers, including systems such as hydraulic, electrical and engine
components, for Republic's fleet.

The program has a value of approximately USD $250 Million and will cover up to
308 aircraft, potentially including Republic's recent aircraft order of 47
E175 aircraft and 47 options. The Republic E-Jets family of aircraft will be
covered through February 2020; the ERJ 145 family will be covered through
December 2017.

"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."

"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 CEO Bryan
Bedford. "We are very confident 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."

Embraer's Flight Hour Pool Program, which is currently supporting more than
thirty airlines worldwide, is designed to minimize airlines' up front
investment on high-value repairable inventories and resources, while taking
advantage of Embraer's technical expertise and its vast component service
provider network. The results are a significant savings on repair and
inventory carrying costs, reduction in required warehousing space, virtually
eliminating the need for resources required for repair management, and
ultimately, guaranteed performance levels.

This document may contain projections, statements and estimates regarding
circumstances or events yet to take place. Those projections and estimates are
based largely on current expectations, forecasts on future events and
financial tendencies that affect Embraer's businesses. Those estimates are
subject to risks, uncertainties and suppositions that include, among others:
general economic, political and trade conditions in Brazil and in those
markets where Embraer does business; expectations on industry trends; the
Company's investment plans; its capacity to develop and deliver products on
the dates previously agreed upon, and existing and future governmental
regulations. The words "believe", "may", "is able", "will be able", "intend",
"continue", "anticipate", "expect" and other similar terms are supposed to
identify potentialities. Embraer does not feel compelled to publish updates
nor to revise any estimates due to new information, future events or any other
facts. In view of the inherent risks and uncertainties, such estimates, events
and circumstances may not take place. The actual results can therefore differ
substantially from those previously published as Embraer expectations.

Headquarters (Brazil)
Cell: +55 12 9724 4929
Tel.: +55 12 3927 1311
Fax: +55 12 3927 2411

North America
Robert Stangarone
Cell: +1 954 260 9939
Tel.: +1 954 359 3101
Fax: +1 954 359 4755

Europe, Middle East and Africa
Herve Tilloy
Cell: +33 6 0864 3545
Tel.: +33 1 4938 4530
Fax: +33 1 4938 4456

Mirage Zhong
Cell: +86 138 1191 8053
Tel.: +86 10 6598 9988
Fax: +86 10 6598 9986

Asia Pacific
Shorbani Roy
Cell: +65 9794 2401
Tel.: +65 6305 9955
Fax: +65 6734 8255

SOURCE Embraer S.A.

Website: http://www.embraer.com.br
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