Skywest remains committed with the E175-E2 order and its terms are unchanged. market to allow the heavier E175-E2 to be flown by regional airlines under capacity purchase agreements (CPAs) for mainline airlines, Embraer has proactively adopted best practices to align with the latest IFRS principles and remove the order from backlog given its conditionality terms. Given current timing uncertainty of the scope clause changes in the U.S. The majority of these planes belong to an order placed by Skywest for 100 E175-E2s, and were removed largely due to IFRS accounting changes. In addition, the Company continues to work on finalizing its recent LoI signed at the Farnborough Airshow for 100 E175 aircraft for Republic Airways, with the expectation that a significant portion of these jets should enter the Company’s backlog by the end of 2018.Ī total of 134 jets were removed from Embraer’s backlog in 3Q18. This agreement was previously announced as a Letter of Intent (LoI) during the Farnborough Airshow. In 3Q18, Embraer also signed a contract with an undisclosed customer for up to five E195-E2s, being three firm orders and two purchase rights. Deliveries will begin in the second quarter of 2019. Also in Farnborough, United Airlines made a firm order for 25 E175 jets in a 70-seat configuration. Deliveries should occur between the end of 20. The contract also includes purchase rights for another 12 E190-E2 aircraft, with the possibility of conversion to the E195-E2 model, raising the order potential for up to 24 aircraft. The agreement was announced at the Farnborough Airshow in July as a Letter of Intent. Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨Įmbraer and Helvetic Airways signed a contract for a firm order of 12 E190-E2 jets during 3Q18. Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨ Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Under the Securities Exchange Act of 1934ġ2227-901 São José dos Campos, São Paulo, Brazil Embraerpr3q18_6k.htm - Generated by SEC Publisher for SEC Filing
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