Embraer and Trans States sign agreement for up to 100 E175-E2s

Embraer S.A. announced (14-Jul-2014) that it has received an order for 50 E175-E2 jets from Trans States Holdings, parent company of Trans States Airlines, Compass Airlines and GoJet Airlines. The agreement also includes options for an additional 50 units, taking the total order potential to 100 aircraft. Deliveries are scheduled to begin in Jun-2020. The order, which is valued at approximately USD2.4 billion at list prices, is subject to certain conditions. It will be added to the company's firm order backlog when these conditions are met and final confirmation of the aircraft is received from Trans States. The Trans States E175-E2s will be configured with 76 seats in a dual-class layout. Trans States Holdings Inc president Richard A Leach said, "We are very excited to announce this agreement on the E2, which expands our relationship with Embraer. Our partnership has spanned well over two decades, and now, due to this agreement, will be expanding decades more into the future....The improved performance and cost savings technologies the E2 will bring to the marketplace will enhance Trans States Holdings' ability to provide industry-leading solutions in fuel burn, maintenance costs, environmental impact and performance through cutting-edge technological advancements to our major airline customers." Leach went on to say, "This announcement also reaffirms our commitment to the value of the geared-turbofan technology and our confidence in the expertise of our Embraer partners to produce an industry leading and revolutionary new aircraft." [more - original PR]