Embraer and Helvetic Airways have signed a contract for a firm order of 12 E190-E2 jets.
This agreement was announced as a Letter of Intent (LOI) at the recent Farnborough Air Show, in July.
The firm order has a value of $730 million, based on current list prices, and will be included in Embraer’s 2018 third-quarter backlog. The contract also includes purchase rights for a further 12 E190-E2, with conversion rights to the E195-E2, bringing the total potential order up to 24 E-Jets E2s.
With all the purchase rights being exercised, the deal has a list price of $1.5 billion. The announcement was made by the two companies during the Zurich debut of the E190-E2, the world’s most efficient and quietest single-aisle aircraft, as part of its tour of Europe and the Commonwealth of Independent States (CIS).
The first 12 E190-E2 aircraft will begin replacing Helvetic’s five Fokker 100s and seven E190s, starting in late 2019 and completing in autumn 2021.
The purchase options for a further 12 aircraft (E190-E2 or E195-E2) will enable Helvetic Airways to grow according to market opportunities. Embraer is the world’s leading manufacturer of commercial jets up to 150 seats. The Company has 100 customers from all over the world operating the ERJ and E-Jet families of aircraft. For the E-Jets program alone, Embraer has logged more than 1,800 orders and 1,400 deliveries, redefining the traditional concept of regional aircraft.
Embraer announced today at the Farnborough Air Show that Zurich based Helvetic Airways has signed a Letter of Intent (LoI) for 12 E190-E2 and purchase rights for a further 12, with conversion rights to the E195-E2. If all purchase rights are exercised, the deal has a list price of USD 1.5 billion. The order will be included in Embraer’s backlog as soon as it becomes firm, which will happen in the coming months.
The first 12 E190-E2 aircraft will begin replacing Helvetic’s five Fokker 100s and seven E190s, starting in late 2019 and completing in autumn 2021. The purchase options for a further 12 aircraft (E190-E2 or E195-E2) will enable Helvetic Airways to grow according to market opportunities.
Helvetic’s plans to operate to London City Airport in the future received a further boost last week (13th July) when the E2 made its debut at the airport located in the city of London.
Helvetic Airways started operating two Fokker 100s (HB-JVF and HB-JVG above) today (March 25) with the start of the summer schedule for Lufthansa at the Munich hub. The wet leases will be for the summer season.
Helvetic Airways (Zurich) as we previously reported, is adding seven Embraer ERJ 190s. The airline has now detailed its expansion plans:
Helvetic Airways currently operates six Fokker 100s and one Airbus 319-100.
Recently, the airline concluded long-term leases with the Airfleet Credit Corporation for seven Embraer 190s. It is planned to put the Embraer 190s into operation between December 2014 and June 2015.
The business model envisages that four Fokker 100s and four Embraer 190s will be in service, in the long term, for Swiss International Air Lines, as part of a wet lease agreement. The other aircraft (2 Fokker 100s, 1 Airbus A319, 3 Embraer 190s) are used for the scheduled and charter services of Helvetic Airways AG.
In connection with the business expansion, the number of staff at Helvetic Airways AG will be increased to more than 350 employees. At the same time, the equity base will be strengthened via an increase in the share capital by 10 million Swiss francs.
With the 2015 schedules for Zürich and Bern, the primary intention is to consolidate Helvetic’s current scheduled destinations.
The additional capacity in the charter business will be absorbed by the current partners.
Photo: Helvetic Airways. The first Embraer ERJ 190 has arrived in Zurich. The pictured ERJ 190-100LR OE-IHD (msn 19000354) was delivered on December 18 as HB-JVL.
Helvetic Airways (Zurich) is planning to lease the seven 112-seat Niki (flyniki.com) (Vienna) Embrear ERJ 190-100LRs from lessor Bernina Aircraft Leasing which acquired the aircraft according to ch-aviation. This will be a new type for the carrier. The first four will be operated by Helvetic for Swiss replacing four Swiss European Air Lines RJ100s. The other three will be operated by Helvetic on expansion routes.
Helvetic will operate the following routes for Swiss using the new Embraer 190s starting late this month:
Zurich to Dusseldorf, Prague and Warsaw starting on December 22.
Zurich to Belgrade starting on January 3, 2015 per Airline Route.
Niki is retiring the Embraer 190 from its fleet.
In other related news, the company has announced new services next summer season to Olbia (from Bern), Brindisi (from Bern), Bordeaux (from Zurich), Calvi (from Zurich), Lamezia Terme (from Zurich), Shannon (from Zurich), Palma de Mallorca (from Bern/Zurich), Greek Islands (from Bern/Zurich) and the Canary Islands (from Zurich).
Copyright Photo: Rolf Wallner/AirlinersGallery.com. Embraer ERJ 190-100LR OE-IXG (msn 19000435) at Zurich will soon transition to Zurich-based Helvetic Airways.
Swiss European Air Lines (subsidiary of Swiss International Air Lines) (Zurich) has parked four BAe (Avro) RJ100s due to their high operating costs, maintenance issues and recent incidents according to Aero Telegraph. According to the report, four Embraer 190s will replace the grounded aircraft starting in either December 2014 or January 2015. The aircraft will be leased from Helvetic Airways (Zurich).
Flybe (Exeter)has announced it has signed a contract with Helvetic Airways (Zurich), to provide the Swiss airline with a 118-seat Embraer 195 jet aircraft with flight deck and cabin crew, operating under Flybe’s Airline Operating Certificate (AOC) for a period of two months.
Helvetic Airlines operates flights frequented by both business and leisure customers to destinations in Europe and Northern Africa. Its arrangement with Flybe will run from July 1 through to August 31, 2014. The aircraft will operate three key routes from Zurich to Ohrid, Skopje (Macedonia) and Prishtina (Kosovo).
In other news, the company’s efforts to turn around the company are working. The company posted an £8 million ($13.4 million) net profit for its full fiscal year.