Tag Archives: ERJ 190100 IGW

LAM Embraer 190 crashes in Bwabwata National Park in Namibia, 34 dead

LAM’s (Linhas Aereas de Mocambique) (Luanda) Embraer ERJ 190-100 IGW C9-EMC (msn 19000581) yesterday (November 29) was operating flight TM 470 from Maputo, Mozambique to the Luanda, Angola with 28 passengers and six crew members. The airliner never arrived. The weather in the area was reported to be stormy with low visibility. Today rescuers located the burned out wreckage in the Bwabwata National Park according to Reuters. There were no survivors. The airliner was only a little over one year old, having been delivered on November 8, 2012.

Read the full report: CLICK HERE

Copyright Photo: Paul Denton/AirlinersGallery.com. The pictured sister ship ERJ 190-100 IGW C9-EMA (msn 19000301) was the first E190 to arrive on August 6, 2009.

LAM: AG Slide Show

Video: LAM’s 33 years of flying:

LAM logo-1

Map:

LAM Maputo-Luanda Map

Republic Airways Holdings reports on its third quarter performance, will stop operating Embraer 190s for Frontier

Republic Airways Holdings Inc. (Indianapolis) reported diluted earnings per share from continuing operations for the third quarter of 2013 of $0.09 as compared to $0.13 for the same period in the prior year. During the third quarter of 2013, the company recorded a non-cash impairment charge of $21.2 million, $13.0 million after-tax or $0.25 per diluted share, to reduce the carrying value of seven owned Embraer ERJ 190 aircraft and write-off the maintenance deposits on three leased ERJ 190 aircraft. Income from continuing operations was $4.3 million compared to $6.3 million for the same period last year. Excluding the ERJ 190 impairment charge, pre-tax income from continuing operations was $26.6 million, resulting in an adjusted pre-tax margin from continuing operations of 7.9%. Operating revenues totaled $338.6 million, an increase of 0.4%, compared to $337.4 million for the third quarter of 2012.

The company classified its Frontier business as discontinued operations due to the expected sale during the fourth quarter of 2013. Unless otherwise specified, all financial information disclosed in this release is from continuing operations.

On October 1, 2013, the company reported that it had agreed to sell its Frontier business to an affiliate of Indigo Partners LLC (Indigo). Indigo will acquire all the outstanding shares of Frontier Airlines Holdings, Inc. As part of the transaction, under a separate agreement, Republic will assign to Frontier all of Republic’s rights under agreements relating to the Republic’s Airbus A320neo order. The transaction is subject to receipt of certain third-party consents and releases and other customary closing conditions.

On November 6, 2013, Indigo informed the company that it had satisfied or waived certain key conditions to close under the transaction. The company expects the transaction to close later this month.

For additional information on the divestiture of Frontier, please see the company’s separate news release dated October 1, 2013 and a separate filing with the U.S. Securities and Exchange Commission on Form 8-K filed on October 7, 2013.

“The sale of Frontier will allow our management team to re-focus on our core business,” said Republic Airways Chairman, President and Chief Executive Officer Bryan Bedford. “We continue to be excited about the growth opportunities for our fixed-fee business and are focused on providing safe, reliable and low-cost solutions to each of our airline partner brands, including American Eagle, Delta Connection, United Express and US Airways Express,” said Bedford.

Third Quarter Review

Operating Revenue Highlights

Total operating revenues increased $1.2 million, or 0.4%, from the third quarter of 2012 to $338.6 million in the third quarter of 2013. Fixed-fee service revenue increased $51.6 million, or 19.2%, to $320.3 million due to an increase in Bombardier DHC-8-402 (Q400) flying with United Airlines, new fixed-fee ERJ 190 charter flying and new ERJ 175 flying with American Airlines. Passenger service revenue decreased $50.5 million due to a significant reduction in the number of ERJ 190 aircraft operating under our pro-rate agreement with Frontier.

Operating Expense Highlights

Fuel costs for Republic decreased $14.1 million to $11.3 million for the quarter, due to a 4.7 million decrease in gallons consumed due to the reduced ERJ 190 pro-rate operations. The fuel cost per gallon, including into-plane taxes and fees, increased to $3.55 per gallon in the third quarter of 2013, compared to $3.21 per gallon in the prior year’s third quarter. The fuel cost per gallon related to our fixed-fee charter agreement is generally higher than our pro-rate operations with Frontier and is treated as a pass through cost under the agreement.

Landing fees and airport rents decreased $6.6 million to $7.9 million for the quarter. Beginning in June 2013, landing fee expense and the related pass-through reimbursement revenue were lower due to United paying airports directly for its associated landing fee costs.

At September 30, 2013, the company had a fleet of ten ERJ 190 aircraft, of which three were leased and seven were owned. Five of the aircraft operate within the fixed-fee charter agreement and the remainder were operating under the pro-rate agreement with Frontier. The company is working to sell, sublease or otherwise place into fixed-fee charter service the five aircraft operating in pro-rate service. During the third quarter of 2013, we recorded a non-cash impairment charge of $21.2 million to reduce the carrying value of our owned E190 aircraft and expensed the deferred maintenance deposits on the leased ERJ 190 aircraft.

Discontinued Operations

Income from discontinued operations, net of tax, increased 52.8% from $19.5 million in the third quarter of 2012 to $29.8 million in this quarter. The improvement is primarily due to Frontier TRASM increasing 6.6% over the prior period and lower fuel costs. The loss on disposal of discontinued operations, net of tax, is currently estimated to be $47.9 million. This estimate will adjust in future periods based on the actual results of the discontinued operations and the closing date of the transaction.

Fleet Highlights

As of September 30, 2013, Republic operated a fleet of 235 aircraft. Within our fixed-fee commercial and charter agreements, we operated 68 aircraft with 44-50 seats and 162 aircraft with 69-99 seats. In addition, we operated five 99-seat aircraft under the pro-rate agreement with Frontier, down from seventeen 99-seat aircraft operated in pro-rate service during the third quarter of 2012.

During the quarter the company took delivery of nine ERJ 175 aircraft operating under its American Airlines capacity purchase agreement and expects to take delivery of an additional ten ERJ 175 aircraft by the end of 2013.

Balance Sheet and Liquidity

The company’s total cash balance decreased $6.3 million to $224.1 million as of September 30, 2013, compared to December 31, 2012. Restricted cash increased $12.6 million, to $32.2 million, from December 31, 2012 due to the escrow requirements under our fixed-fee charter agreements. The Company’s unrestricted cash balance decreased $18.9 million, to $191.9 million, from December 31, 2012. A condensed consolidated balance sheet and cash flow statement have been included in the tables section of this release.

The Company’s debt increased to $2.00 billion as of September 30, 2013, compared to $1.97 billion at December 31, 2012, primarily related to the financing of ERJ 175 aircraft for the American Airlines fixed-fee agreement. As of September 30, 2013, approximately 95% of our debt is at a fixed interest rate. The Company has significant long-term lease obligations for aircraft that are classified as operating leases and are not reflected as liabilities on the Company’s consolidated balance sheet. At a 6% discount factor, the present value of these lease obligations was approximately $0.5 billion and $0.6 billion as of September 30, 2013, and December 31, 2012, respectively.

At September 30, 2013 the company had assets held for sale of $594.8 million and liabilities held for sale of $517.8 million. The $77.0 million of value in net assets held for sale represents the estimated cash proceeds from the sale of Frontier. These amounts will adjust in future periods based on the actual results of discontinued operations and the closing date of the transaction.

Copyright Photo: TMK Photography/AirlinersGallery.com. Republic Airlines (2nd) is now only operating five 99-seat Embraer ERJ 190s for Frontier Airlines (down from 17) under the pro-rate agreement. Once the sale of Frontier to Indigo is completed, Republic will relocate these five aircraft to other areas. Frontier will only operate Airbus aircraft under Indigo. The pictured Republic Airlines (2nd) Embraer ERJ 190-100 IGW N164HQ (msn 19000275) with a Hummingbird on the tail taxies at Toronto (Pearson).

Frontier Airlines-Republic Airlines (2nd): AG Slide Show

Republic’s three flight attendants groups approve the new contract, may sell Frontier Airlines in the third quarter

Republic Airways Inc. (Republic Airways Holdings) (Indianapolis) has announced that flight attendants for its three regional carriers have approved a new five-year labor contract. The ratification vote concluded on July 29 with flight attendants from Chautauqua Airlines, Republic Airlines (2nd) and Shuttle America voting in favor of the agreement.

The new contract includes increases in pay, improvements in quality of life and more flexibility in scheduling. The new agreement becomes amendable on July 29, 2018.

In other news, Republic has entered into a preliminary agreement with an undisclosed potential buyer of Frontier Airlines (2nd) (Denver). Should the deal be finalized, the sale could be closed in the third quarter according to CEO Bryan Bedford.

Read the full story from the Denver Post: CLICK HERE

Copyright Photo: TMK Photography/AirlinersGallery.com. Set against the moon, Republic Airlines’ (2nd) Embraer ERJ 190-100 IGW N164HQ (msn 19000275) (Hummingbird) arrives at Toronto (Pearson). The 99-seat Republic ERJ 190s are expected to leave the Frontier contract in the third quarter of 2013.

Frontier Airlines (2nd)-Republic Airlines (2nd): AG Slide Show

Azerbaijan Airlines takes delivery of its first Embraer 190

Azerbaijan Airlines (Baku) on July 2 took delivery of its first Embraer 190.

Copyright Photo: Javier Rodriguez/AirlinersGallery.com. Embraer ERJ 190-100 IGW 4K-AZ64 (msn 19000627) departs Palma de Mallorca today bound for Baku after a night stop. 4K-AZ64 wears the dramatic new 2013 color scheme.

Azerbaijan Airlines: AG Slide Show

AviancaTaca reports a net profit of $192.1 million in 2012, will start the TACA rebranding

AviancaTaca Holding S.A. (Avianca Colombia and TACA) (Bogota) issued this financial report for 2012:

In the first two months of 2013, Avianca and TACA recorded a 9.7% increase in passenger numbers compared to the same period of 2012.

During 2012, AviancaTaca Holding SA reported net income of COP $351,684 million ($192.1 million), up 73.9% from net income obtained in 2011.

In February 2013, attached to the Holding airlines transported nearly two million passengers.

In the first two months of the year, airlines mobilized attached to 3,982 .201 AviancaTaca Holding passengers, registering an increase of 9.7% from January to February 2012.

Only in the month of February, Avianca, TACA and its subsidiaries 1,866 .367 mobilized passengers, 6.8% above the passengers carried in February 2012. The capacity, measured in ASKs (available seats per kilometer flown) increased 1.6%, while passenger traffic measured in RPKs (paying passengers per kilometer flown) grew 5.5%. The load factor for the month reached 80.7%.

Domestic markets of Colombia, Peru and Ecuador

During January and February 2013, the number of passengers moved in markets within Colombia, Peru and Ecuador amounted to 2,278 .645, 11.4% more than in 2012. The capacity (ASKs) in these markets increased by 15.1%, while passenger traffic (RPKs) increased 14.1%. Consequently, the load factor stood at 79.5%.

In February, the carriers assigned to the Holding transported within these markets a total of 1,089 .289 travelers, up 7.9% from February 2012. The capacity (ASKs) in these markets increased 13.6%, while passenger traffic (RPKs) increased 11.1%. As a result, the load factor stood at 78.8%.

International markets

During January and February 2013, the number of passengers on international routes mobilized amounted to 1,703 .556, 7.4% higher than the figure recorded in the same period of 2012. The capacity (ASKs) rose 1.9% and passenger traffic (RPKs) increased by 6.7%. As a result, the load factor reached 82.9%.

In February, Avianca, TACA and its subsidiaries carried 777,078 passengers on international routes to an increase of 5.4% over the same period of 2012. Product of a reorganization of the operation, capacity (ASKs) decreased 1.2% while passenger traffic (RPKs) increased by 4.1%. The load factor stood at 81.2%.

Copyright Photo: Arnd Wolf. The TACA fleet will start to be repainted in the Avianca brand in the second quarter. TACA’s Embraer ERJ 190-100 IGW N984TA (msn 19000273) arrives at Miami International Airport.

Avianca Colombia: AG Slide Show

TACA: AG Slide Show

Air Canada and Etihad Airways to code-share

Air Canada (Montreal) and Etihad Airways (Abu Dhabi) have signed a Memorandum of Understanding (MoU) for a commercial cooperation agreement that will enhance travel services between the United Arab Emirates and Canada.

While the two carriers currently have interline agreements in place for passenger and cargo services, Etihad Airways and Air Canada intend to offer customers through-checked bags, reciprocal codeshare services and frequent flyer benefits.

The MoU provides for reciprocal codeshare services to Etihad’s Abu Dhabi hub and select points in North America served by Air Canada via its Toronto hub.  The two parties have commenced discussions to finalize details with the objective of introducing codeshare services in the third quarter of 2013.

The agreement will also allow frequent flyer mileage accrual on codeshare flights by members of Etihad Guest and Aeroplan programs and reciprocal premium lounge access at Toronto and Abu Dhabi airports for eligible passengers of both airlines.

This announcement follows the recent decision by the Governments of the UAE and Canada to restore the previous visa regime which means Canadian nationals can once again obtain a free visa on arrival in the UAE.

The UAE is Canada’s largest merchandise export market in the Middle East region and more than 40,000 Canadians reside in the UAE. Furthermore approximately 150 Canadian companies are based in the UAE.

Subject to regulatory approval, Etihad Airways will place its EY code on Air Canada flights between Toronto and select North American points.

In return, Air Canada will place its AC code on Etihad Airways’ non-stop services between Toronto and Abu Dhabi, as well as Etihad Airways’ flights between London Heathrow and Abu Dhabi.

Etihad Airways and Air Canada will also work together to enhance cargo services into and out of Abu Dhabi and Toronto, and beyond on each other’s networks.

Top Copyright Photo: TMK Photography/AirlinersGallery.com. Embraer ERJ 190-100 nIGW C-FHJU (msn 19000044) arrives at the Toronto (Pearson) hub.

Air Canada: AG Slide Show

Etihad Airways: AG Slide Show

Bottom Copyright Photo: Keith Burton. Boeing 777-3FX ER A6-ETK (msn 39686) takes off from London (Heathrow).

Air Canada to drop Vancouver-San Diego nonstop service on May 1

Air Canada (Montreal) is planning to eliminate the nonstop Vancouver-San Diego route on May 1 per Airline Route. The route is currently operated with Embraer 190 equipment.

Top Copyright Photo: Keith Burton. Embraer ERJ 190-100 IGW C-FGMF (msn 19000019) arrives back at the Toronto (Pearson) hub.

Air Canada: AG Slide Show

Bottom Copyright Photo: Air Canada. Air Canada Trivia: On January 14, 2006, a retired Boeing 737-200 took on a new life as an artificial reef when it was sunk 20 meters (60 feet) deep near Chemainus on Vancouver Island. The airframe was donated to the Artificial Reef Society of B.C. by Qwest Airparts Limited (Memphis) and documented for a Discovery Channel series titled Mega Builders. Over 1,000 volunteer hours went into the project, aimed at homing dozens of species of sea life and attracting diving enthusiasts. The 737-275 was originally delivered to Pacific Western Airlines as C-GBPW (msn 20958) on January 13, 1975 and was also occasionally leased to America West Airlines as N128AW. The airframe would migrate to Canadian Airlines and Air Canada with the mergers, retaining its C-GBPW registration.

Air Canada 737-200 reef Chemainus BC (Air Canada)(LR)