United Buys More 787s and E175s, for $2.2 Billion
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
The Farnborough air show kicked off Monday, and United Airlines is the first US carrier out of the gate at the biggest aviation trade event. The Chicago-based airline added four more Dreamliners, picking up more of the longer-range 787-9 variant, along with 25 Embraer E175 regional jets. The 787 purchase is valued at $1.1B, and the Embraer purchase is valued at $1.1B for a cool $2.2B in purchases at list prices.
United was the US launch customer of the basic model, the 787-8, having first taken delivery in 2014. The airline now has orders for 55 Dreamliners, flying long-haul routes with the mostly composite-material, fuel-efficient aircraft.
“The 787 allows us to provide our customers with an industry-leading on-board experience and continues to be a vital part of our fleet,” said Gerry Laderman, United’s senior vice president of finance and acting chief financial officer.
For his part, Charlie Hillis, Embraer’s VP Sales & Marketing for North America was pleased with the E175 announcement, although the company’s bigger preoccupation at the air show is selling its newest product, the 100-seater E2-190. Embraer’s new jet just got beat by the Airbus A220 for a major order from JetBlue, and the Brazilian planemaker, whose civilian products will soon be owned and marketed by Boeing, is anxious to announce a big sale. On the sidelines of the event, Hillis said Embraer is experiencing very positive momentum in the regional jet market not seen in his 26 years at the company. “It’s not bad having 80% market share,” he said, referring to the 70-76 seat regional jet segment. The United network now has close to 400 Embraer RJs in its fleet.
Featured image of United Airlines Boeing 787-9 by Ravi Ghelani / The Points Guy
Welcome to The Points Guy!
WELCOME OFFER: 80,000 Points
TPG'S BONUS VALUATION*: $1,650
CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
- Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.