Flybe announce £850m aircraft order for European expansion
21.07.10
Flybe has announced an order for up to 140 Embraer E Series aircraft to aid its expansion into Europe. The deal comprises 35 firm orders of 88-seat Embraer 175 aircraft with a value of $1.3 billion (£850 million) with options for 65 more and purchase rights for a further 40, making a potential total order worth $5 billion. The first aircraft is due to be delivered in September 2011 and the final of the firm orders by March 2017.
Flybe Chairman and Chief Executive Jim French, said: ‘The 175 will allow us to preserve our two plane fleet strategy. The economic and environmental performance of the aircraft is also in line with Flybe's policy of only buying A and B rated eco-label aircraft as part of its commitment to invest in lower emission new technology aircraft.'
'We are securing an aircraft that fits with our stated aim of furthering our position as the leading regional airline in Europe. The 175 will give Flybe significant added capacity and is particularly suited to the sector lengths prevalent in Europe that we are most interested in exploiting. This is a good time to buy aircraft and fits Flybe's long tradition of ground-breaking deals which power the long-term growth of the company.'
Flybe is Europe’s largest regional airline and the UK’s largest domestic airline with 203 routes serving 13 countries from a total of 70 departure points.
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