Flybe secures $0.5 billion in funding

500 million in funding will buy 20 new Embraer E175 aircraft

Flybe, the regional airline with big expansion plans for Scandinavia and the Baltics, has secured $500 million in funding to buy 20 new Embraer E175 aircraft. The first of the planes will be delivered immediately and the remainder will arrive over steadily up until July 2014. These 20 aircraft are part of a firm order for 35 aircraft that the airline announced last year at the Farnborough Air Show in the UK. The carrier also has options for another 105 of the same aircraft type.
“The Embraer E175 delivers the right economic and environmental performance for the sector lengths we are most interested in exploiting in Europe,” Flybe’s chief executive Jim French commented.
TTG Digital
[pictured: One of Flybe’s Embraer E175 jets]