American Airlines has announced a new deal with Embraer to provide further aircraft towards Envoy Air
Behind The Deal
American notes that the firm deal is for four new units to be deployed to Envoy Air, their wholly-owned subsidiary.
Deliveries are slated to commence in Q4 2024, thus seeing the Envoy Air fleet grow significantly further.
The contract per Embraer is worth USD 230.6 million at the list price. However, with most contracts, there are typically substantial discounts often associated with such deals. These, though, are never publicly disclosed.
Comments From Executives
This new order demonstrates once more the importance of the E175 to connectivity across the United States, and is another sign that the challenges the market has been facing are improving. The E175 is the backbone of the US regional network, with over 620 aircraft sold, and 86% market share since 2013. We thank American Airlines and Envoy for their long partnership with Embraer.Martyn Holmes, CCO, Embraer Commercial Aviation
These new jets will allow us to continue growing with American Airlines. We’re pleased to announce these additional four aircraft, following the order announced in June, as the US domestic and regional markets recover from a very challenging few years. The E175 allows us to provide an excellent and reliable service to American Airlines and the thousands of guests we serve everyday.Pedro Fábregas, President & CEO of Envoy.
The Fleet Of Envoy Air
Envoy Air has a fleet of 131 in-service aircraft, with a further 47 remaining in storage.
When measured by active units, the most significant aircraft type is the E175, towards which today’s commitment goes. Envoy flies 107 E175s, a staggering total.
Meanwhile, away from the E175, there are 24 in-service units for the E170, the smaller regional aircraft.
American Airlines hopes to grow this with time as it continues utilising Envoy Air to its advantage for regional flying across North America.
The E175 In North America
Embraer says that since its first entry into service for the E175 in 2006, it has dominated the sector.
Envoy has flown a staggering 1.3 million hours of the calculated 19.5 million hours worldwide for the type.
Embraer adds that the two-by-two seating configuration makes it the ideal aircraft to ride on for short journeys.