Three-way Embraer deal with Republic and Flybe
Republic Holdings and the UK’s Flybe have come to an agreement regarding orders for more Embraer aircraft to meet their fleet development needs.
Flybe has arranged to transfer 20 of its 24 outstanding Embraer 175 orders to Republic, which will use them as part of United Express. In addition to this, Republic has ordered another 30 E-175s, boosting its fleet by 50 in total.
As a reciprocal deal, Flybe will take on 24 of Republic’s fleet of Q400 turboprops on lease to allow it to replace similar examples coming to the end of lease in its current fleet.
The remaining four Flybe E-175 orders will be deferred until 2018, with the Republic Q400s arriving from March 2015.
Republic, which still holds options on another 32 E-175s, will receive the new E-Jets from the third quarter of 2015, with the final delivery slated for 2017.