SÃO JOSÉ DOS CAMPOS, Brazil, May 12, 2021 /PRNewswire/ — Embraer (B3: EMBR3,NYSE: ERJ) has agreed the sale of nine new E175 jets to Alaska Air Group and its subsidiary Horizon Air. The E175 aircraft will fly exclusively with Alaska Airlines under a Capacity Purchase Agreement (CPA). The value of the contract, which will be included in Embraer’s second-quarter backlog, is USD 449.1 million, based on current list prices.
“We have navigated through the pandemic and we’re on a solid path to recovery. The E175 remains a key part of our strategy,” said Nat Pieper, Alaska Airlines senior vice president of fleet, finance and alliances. “We’re excited about growth in the years ahead, which has always been at the heart of Alaska’s DNA. The E175 is a terrific plane to help us add new routes and frequencies, and to complement our mainline aircraft to meet fluctuating demand with the right capacity.”
Alaska Airlines, a new member of the oneworld Alliance, currently has 62 Embraer E175 jets in their fleet, operated by Horizon Air and SkyWest Airlines. The 76-seat aircraft will be delivered in Alaska’s livery and three-class configuration, starting in 2022.
Joe Sprague, President and CEO of Horizon Air, said, “Our customers love the comfort and convenience of the E175, especially their two by two layout, meaning no one has to sit in the middle seat. The size and efficiency of the E175 also allows us to boost flying in key markets, giving our customers more of the flexibility…