American Airlines (AAL) has signed a firm order with Embraer (ERJ) for seven new E175s. The aircraft will be operated by American’s wholly owned subsidiary, Envoy Air. With deliveries to begin Q4 2023, Envoy’s fleet of E-Jets will grow to over 141 aircraft by the end of 2024. The contract value is $403.4M at list price and will be included in Embraer’s 2023 Q2 backlog. “Our journey with Embraer began 25 years ago with the ERJ145, and our partnership continues to grow today as we take these additional aircraft and grow our all-Ejet fleet. Not only are our customers happy with the aircraft, but the jet’s outstanding performance and reliability has allowed us to continue to provide excellent service to American Airlines and the thousands of customers we serve every day”, said Pedro Fabregas, President & CEO of Envoy.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on ERJ:
