Embraer signs agreement with United Airlines for 24 jets

Embraer has signed a firm sale for 24 E175 jets with United Airlines, representing a transfer of 24 E175 jets previously placed with Republic Airways Holdings (Republic), currently in Embraer´s backlog, which will be cancelled, the company said.

The 24 aircraft ordered by United Airlines are scheduled for delivery in 2017. The contract has a total value of USD1.08 billion, at list price. This backlog movement will be reflected on Embraer´s 2016 fourth-quarter results and does not have an incremental impact on the company´s current backlog.

Embraer is a manufacturer of commercial jets with up to 130+ seats. The company has over 100 customers, operating the ERJ and E-Jet families of aircraft.