Tag Archives: Embraer

Reuters: Boeing proposes up to 90% stake in new Embraer venture

From Reuters:

Boeing has presented a plan to Brazil’s government that would give it an 80 to 90 percent stake in a new venture encompassing Embraer SA’s commercial jet business, a Brazilian newspaper reported on Tuesday.

The plan Boeing presented to the government on Thursday would let it take over Embraer’s commercial operations via the creation of a new company, with defense operations remaining under the Brazilian planemaker’s control in order to meet government demands, Valor Economico reported, without citing a source.

Reuters previously reported on Friday that Boeing was seeking approval in Brasilia for a plan creating a new joint company excluding defense operations.

Valor reported that under the proposal Boeing would pay Embraer in cash when the commercial assets are transferred to the new company, with most of the proceeds then distributed to shareholders as dividends.

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Boeing and Embraer confirm discussions on potential combination

Boeing issued this statement:

The Boeing Company and Embraer have confirmed the two companies are engaged in discussions regarding a potential combination, the basis of which remains under discussion.

There is no guarantee a transaction will result from these discussions. Boeing and Embraer do not intend to make any additional comments regarding these discussions.

Any transaction would be subject to the approval of the Brazilian government and regulators, the two companies’ boards and Embraer’s shareholders.

Embraer delivers the 1,400th E-Jet to American Airlines

Embraer celebrates the delivery of its 1,400th E-Jet, an E175, during a ceremony at Embraer’s industrial facilities in São José dos Campos, Brazil.

American Airlines took delivery of this milestone aircraft and selected Envoy Air, a wholly owned subsidiary of American Airlines Group Inc., to operate the aircraft. Since American Airlines has been a customer of Embraer for nearly 20 years, subsidiary Envoy is one of the original ERJ operators and currently has over 100 ERJs in its fleet.

Combining the 2013 and 2017 E-Jet orders, American has ordered 74 E175s and selected Envoy to operate 54 of those E175s; this delivery represents Envoy’s 44th E175.

Since entering revenue service in 2004, when the first aircraft was delivered to LOT Polish Airlines, the E-Jets family has received more than 1,800 orders and delivered 1,400 aircraft.

Today, E-Jets are flying in the fleet of 70 customers in 50 countries. The versatile 70 to 130-seat family has flown more than one billion passengers and flies with low-cost airlines as well as with regional and mainline carriers.

Photo: Embraer.

American orders 10 additional Embraer 175s, to be operated by Envoy

American Eagle (2nd)-Envoy Embraer ERJ 170-200LR (ERJ 175) N233NN (msn 17000561) DFW (Ken Petersen). Image: 937820.

Embraer and American Airlines Inc. signed a firm order for ten E175 jets. American Airlines is exercising its purchase rights from its original contract with Embraer signed in 2013. This new order is in addition to the one placed in April for four aircraft; is valued at USD 457 million, based on current list prices, and will be included in Embraer’s fourth-quarter backlog. Deliveries begin in 2018 and continue through mid-2019.

Combined with the airline’s two previous orders for the E175, this new contract results in a total of 74 E175s for American Airlines.

American Airlines selected Envoy, a wholly owned subsidiary of American Airlines Group Inc., to operate the ten aircraft, which will be configured with 12 First Class, 20 Main Cabin Extra, and 44 Main Cabin seats, for a total of 76 seats.

Including this new contract, Embraer has sold more than 390 E175 jets to airlines in North America since January 2013, earning more than 80% of all orders in the 76-seat jet segment. Since entering revenue service, the E-Jets family has received more than 1,800 orders and over 1,300 aircraft have been delivered. Today, E-Jets are flying in the fleet of 70 customers in 50 countries. The versatile 70 to 150-seat family is flying with low-cost airlines as well as with regional and mainline carriers.

Copyright Photo: American Eagle (2nd)-Envoy Embraer ERJ 170-200LR (ERJ 175) N233NN (msn 17000561) DFW (Ken Petersen). Image: 937820.

AerCap confirms the placement of five Embraer E190-E2s with Air Astana

AerCap Holdings N.V. has announced it has confirmed the placement of five Embraer E190-E2 jets to Air Astana, the national carrier of Kazakhstan. The aircraft, on long term lease from AerCap’s order book with Embraer, will begin delivering to Air Astana in the last quarter 2018.

AerCap is the launch lessor customer of Embraer’s E-Jets E2 second generation of this family of commercial aircraft with a total of 50 Embraer E190-E2s and E195-E2s on order.

The E2 aircraft offer greater range and operational efficiency which will support Air Astana’s growing network and open new market opportunities.

The E190 will allow Air Astana to open up smaller markets in southern Russia, the Caucasus, and Central Asia including smaller domestic routes.

Air Astana received its first original E190 in 2011.

Image: AerCap.

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Airlink to replace its Avro RJ85s with new Embraer E170s and E190s

RJ85s to be replaced with new Embraer E170s and E190s by 2020

Airlink, Southern Africa’s largest independent regional airline, is joining the E-Jet operator’s family. The airline is acquiring five E-Jets – three E170s and two E190s, from ECC Leasing, a wholly-owned Embraer subsidiary. Airlink will start to receive the aircraft in the first half of 2017.

Airlink already operates a large fleet of ERJ aircraft – last December, the airline started to add 11 further ERJ 140 jets to its fleet. By the end of the fourth quarter of 2017, the airline will be operating 30 ERJs, comprising all three types – ERJ 135, ERJ 140 and the ERJ 145.

Rodger Foster, CEO of Airlink, said, “This is the beginning of the implementation of a well planned growth and modernization strategy for Airlink that includes replacing our current fleet of Avro RJ85s over the next three years. The strategy calls for a total of 13 E-Jets, and we are in the process of sourcing the balance of the fleet requirement – an additional 8 E190s – from the market.”

Copyright Photo: Airlink (South African Airlink) BAe RJ85 ZS-ASY (msn E2316) JNB (Michael Stappen). Image: 906856.

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Widerøe to become an Embraer E190-E2 jet operator

wideroe-190-e2-02fltembraerlrw

Widerøe, the largest regional airline in Scandinavia, for up to 15 Embraer E2 family jets. The contract consists of three firm orders for the E190-E2 and purchase rights for 12 further E2 family aircraft. This flexible mix of purchase rights for E175-E2, E190-E2, and E195-E2 will give Widerøe the ability to grow their fleet with a family of aircraft from 80 to 130+ seats, to right size capacity to meet market requirements.

 

Widerøe will configure the E190-E2s in a comfortable single-class layout with 114 seats. Deliveries are scheduled for 2018. This deal brings the E-Jets E2 backlog to 275 firm orders plus Letters of Intent, options and purchase rights covering another 415 aircraft giving a total of 690 commitments from airlines and leasing companies.

The flies close to 3 million passengers annually and flies to 46 domestic and international destinations. Widerøe operates more than 450 flights every day and operates to more than twice as many airports in Norway than any other airline. Today our network consists of 60% commercial routes, and 40% PSO routes (Public Services Obligations).

Image: Embraer.

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