Republic Airways Holdings Signs Component Agreement with Embraer
INDIANAPOLIS -- February 1, 2013
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
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
“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
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.
Republic Airways Holdings Inc.
Peter Kowalchuk, 317-471-2470
Margaret Miller, 317-246-2628
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