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Financial News: EMBRAER: SkyWest Orders 25 E-Jets With A US$

EMBRAER: SkyWest Orders 25 E-Jets With A US$ 1.1 Billion List Price

09/06/2017 - 15:42:00 (RTTNews)

(RTTNews) - Brazilian aircraft maker Embraer has announced a purchase request for E-Jets by U.S. SkyWest. The order is worth US$ 1.1 billion, based on current list prices, and will be included in Embraer's order book for the third quarter of 2017.

Embraer should deliver the 25 aircraft in 2018. The order includes fifteen E175 SC jets that will fly under an agreement with Delta in a 70-seat configuration, while the remaining ten E175 jets will fly under a deal with Alaska Airlines configured with 76 seats.

SkyWest said in a statement that it expects to invest approximately US$90 million in cash to acquire these 25 new aircraft, and to finance the balance of the purchase price with 12-year fixed rate debt.

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