Republic Airways plane (Reuters)
The US regional airline Republic Airways, a major customer of the Brazilian manufacturer jets Embraer , filed for bankruptcy protection on Thursday (25).
The Republic cited several quarters of decline in revenue after having had to keep charts aircraft amid the lack of pilots.
The company's regional flights that complements the meshes of American Airlines, Delta Air Lines and United Continental listed assets of $ 3.6 billion and liabilities of $ 3 billion, according to court documents.
The Republic said the process will allow normally continues its operation while restructuring their finances and contracts.
At the end of 2015, Embraer had 28 E175 jets to be delivered to the Republic, according to the manufacturer's order book data.
Earlier on Friday, the share of Embraer fell almost 4% in the São Paulo Stock Exchange, while the Ibovespa rose 1% at 10.35.