Brazil-based aerospace company Embraer has announced it has signed a firm order for 20 E175 jets in a 76-seat configuration for SkyWest, Inc. (NASDAQ: SKYW), the company said.
The order has a value of USD 972 million, based on 2019 list prices, and is already included in Embraer´s 2019 fourth-quarter backlog. Deliveries are expected to begin in the second half of 2020.
Embraer´s relationship with SkyWest dates back to 1986, when SkyWest began operating the EMB 120 Brasilia turboprop. With this additional order for the E175, SkyWest has purchased more than 180 aircraft of this model since 2013 alone.
Embraer is a manufacturer of commercial jets with up to 150 seats. The Company has 100 customers from all over the world operating the ERJ and E-Jet families of aircraft.
SkyWest, Inc. is the holding company for SkyWest Airlines and SkyWest Leasing, an aircraft leasing company. SkyWest Airlines has a fleet of nearly 500 aircraft connecting millions of passengers each month to over 250 destinations and provides commercial air service in cities throughout North America with up to 2,500 daily flights. A global aerospace company headquartered in Brazil, Embraer celebrates its 50th anniversary with businesses in Commercial and Executive aviation, Defense & Security and Agricultural Aviation. The company designs, develops, manufactures and markets aircraft and systems, providing Services & Support to customers after-sales.