EMBRAER AND FLYBE SIGN AN ORDER FOR UP TO US$ 5.0 BILLION
British airline could add up to 140 EMBRAER 175s to its fleet of 14 EMBRAER 195 jets
São José dos Campos, July 20, 2010 – Embraer and Flybe, one of Europe’s leading
low-cost and regional airlines, signed a contract for the sale of 35 EMBRAER 175
jets, today, at the 47th Farnborough International Airshow, in England. The deal
includes 65 options and 40 purchase rights, giving the order a potential for 140
EMBRAER 175s. The total value of the contract, at list price, is US$ 1.3 billion, based
on January 2010 economic conditions, and could reach US$ 5.0 billion, if all options and
purchase rights are exercised.
“Flybe’s decision to select the EMBRAER 175 to complement its existing fleet of 14
EMBRAER 195s is great news, indeed, and we are very thankful for this further sign of
confidence in our E-Jets family,” states Frederico Fleury Curado, Embraer President
& CEO. “I am sure that this new fleet strategy will give Flybe an even greater profile in the
leadership role they play, today.”
The British airline’s EMBRAER 175 jets will be configured in a single-class layout, seating up
to 88 passengers with comfortable, 30-inch pitch (76 cm) Elite seats. The first aircraft is
scheduled for delivery in the second half of 2011.
“We have enjoyed an excellent relationship with Embraer, since we became the world’s launch
customer for the EMBRAER 195, a superb addition to our fleet with outstanding reliability and
performance,” says Jim French, Flybe Chairman and Chief Executive Officer (CEO). “The
EMBRAER 175 will give us significant added capacity and is particularly suited to the sector
lengths prevalent in Europe that we are most interested in exploiting. In short, it perfectly fits
Flybe’s business model. We are delighted to extend the long-running partnership with Embraer.
With this order, we are securing an aircraft that fits the stated aim of furthering our position as
the leading regional airline in Europe.”
About Flybe
Flybe (www.flybe.com) is a British low-cost and regional airline headquartered at Exeter
International Airport (EXT), in Devon, England. It started operations in 1979, as Jersey
European Airways, establishing a few key routes from the Jersey Islands to the U.K. The
airline re-branded as British European, in June 2000, shortening this title to Flybe, in 2002,
repositioning itself as a full service, low-fare airline.
Following the successful acquisition and integration of BA Connect, in March 2007, Flybe
increased its route network in both the U.K. and continental Europe, becoming the leading
European regional airline. The company currently operates 198 routes, carrying around 7.5
million passengers per year on 73 aircraft, including 14 EMBRAER 195 jets.
Source: EMBRAER
