Flybe to buy 140 new planes

Jul 21 2010 by Graeme Brown, Birmingham Post

Airline company Flybe has announced a £3.3 billion deal for up to 140 new planes.

The carrier, one of the largest airlines operating from Birmingham Airport, has placed firm orders for 35 Embraer 175 and E-family aircraft.

The company also said it had an option for 65 more and purchase options on another 40.

The first of the 88-seater planes in the firm order, which is worth around £870 million, will be delivered in September 2011 with deliveries carrying on until March 2017.

Flybe chairman and chief executive Jim French said: “Flybe is delighted to announce this significant order. In doing so, 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 allow us to preserve our two-fleet strategy.”