Sao Jose dos Campos, Brazil, March 4, 2024 – Embraer (NYSE: ERJ) has secured a major order for 133 aircraft from American Airlines Group Inc. (NASDAQ: AAL) to meet domestic demand in the United States. American has placed a firm order with Embraer for 90 E175’s, with purchase rights for 43 additional jets. The aircraft will be delivered with 76 seats in American’s standard dual-class configuration. The deal, with all purchase rights exercised, is worth more than US$7bn at list price, and the firm orders will be included in Embraer’s 1Q24 backlog.
The E175 is one of the most popular aircraft in the region, with 837 aircraft sold (including today’s firm order for 90) and 88% market share since 2013.
American is focused on bringing larger dual-class regional aircraft into its fleet, which will continue to drive connectivity from smaller markets to the rest of the airline’s global network. American expects to retire all of its 50-seat single-class regional jets by the end of the decade and will continue to serve small and medium-sized markets with larger regional jets.
Forward-Looking Statements
This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.