SkyWest orders 20 old-generation Embraer jets as order for brand spanking new line stays paused

HomeStock

SkyWest orders 20 old-generation Embraer jets as order for brand spanking new line stays paused

(Provides context) By Marcelo Rochabrun Jan 30 (Reuters) - Brazilian planemaker Embraer SA


(Provides context)
By Marcelo Rochabrun
Jan 30 (Reuters) – Brazilian planemaker Embraer SA
stated on Thursday that U.S. regional service SkyWest
Inc had signed a agency order for 20 E175 planes from the
E1 era, value near $1 billion, as an order for a
newer, extra environment friendly aircraft stays in limbo.
SkyWest ordered as many as 100 next-generation Embraer
planes, often called the E2 line, however pilots in america
have thus far declined to fly it because of contract restrictions.
Embraer has eliminated SkyWest’s order for the newer E175-E2
from its backlog, a doc the place the planemaker lists the
variety of orders it has obtained for its numerous planes. To date,
Embraer doesn’t checklist any official orders for the E175-E2 aircraft.
SkyWest was the launch buyer for the broader E2 line again
in 2013, asserting again then an order for 100 E175-E2 planes
and choices for 100 extra, which might be value as a lot as $9.4
billion.
Embraer executives stated on the time that the order was a
vote of confidence within the new plane line, nevertheless it has since
confronted some delays. The order was faraway from the backlog in
2018 due to labor disputes with pilots unions.
Embraer has but to ship any E175-E2 jets. Embraer
executives have stated the planes might need extra industrial
success…



nasdaq.com