Flybe secures aircraft agreement
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Flybe has secured its fleet commitments with Republic Airways Holdings and Embraer SA in line with its growth and renewal plans.
The airline has cancelled an order of 20 E175s from Embraer from a 35 order placed in July 2010. The carrier already has 11 of the ordered aircraft and will still receive another four although this has been deferred until 2018.
In a separate agreement Republic has ordered 50 E175s from Embraer and will also sublease 24 Bombardier Q400 aircraft to Flybe over a two-year period from March 2015.
Saad Hammad, chief executive officer said: “We are committed to flying the right aircraft on the right routes. The agreements between Flybe, Republic Airways and Embraer bring more than just an ability to keep to that commitment. With the substitution of twenty E175 future deliveries by young and attractively priced Bombardier Q400s, our core UK branded fleet is now right sized to our capacity growth and aircraft renewal plans at a net cost broadly in line with our expectations.
“Flybe continues to value its close partnership with Embraer. Our current fleet of E175s are popular and reliable aircraft and will remain a valued part of our fleet, providing efficient and cost effective services on our longer sectors.
“Let us be clear, there is more to do. But these landmark agreements are a significant step towards resolving all our legacy fleet issues and enable us to implement our strategy of connecting regions more effectively.”
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