Embraer announced (13-Sep-2013) it delivered the 1000th E-Jet production aircraft on 13-Sep-2013. The E175 was handed over to Republic Airlines, which will operate the aircraft on behalf of American Eagle. The delivery is part of Republic’s order for 47 E175s that was announced at the beginning of 2013. The contract also includes options to buy another 47 aircraft. The E-Jets family entered revenue service in 2004 when the first aircraft was delivered to LOT Polish Airlines. Currently, E-Jets are flying with 65 airlines from 45 countries. In Jun-2013, Embraer launched the second generation of the E-Jets family – E-Jets E2 – the first of which is slated to enter service in 2018. Embraer E-Jets currently hold a 50% market share and account for 62% of deliveries in the segment of jets with capacity up to 130 seats. Since Jan-2013, Embraer has received more than 330 firm orders for both current-generation E-Jets and the E2s. [more - original PR]
Embraer delivers 1000th E-Jet to Republic Airlines
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LOT currently ranks behind LCCs Ryanair and Wizz Air by share of traffic in Poland, which offers superior traffic growth potential versus Europe as a whole. The airline aims to increase passenger numbers from 4.3 million in 2015 to 10 million in 2020, growing its fleet from 43 to 70 aircraft. LOT's expansion will focus on long haul, particularly North America and Asia, where it currently has only five routes and where competition is considerably lower than on short/medium haul. Initial plans include the launch of Warsaw-Seoul this winter and a return to Warsaw-New York Newark next summer.
According to data from LOT, its restructuring has left it with a fairly efficient cost base by legacy airline standards and this will be important in competing with LCCs (but there is still a cost gap with LCCs). LOT's growth will focus on long haul but will need short-haul European feed – and partnerships. Although LOT no longer appears to be considering leaving the Star Alliance, it remains excluded from American and Asian JVs. Further, those JVs preclude members from working with LOT. Partnership growth will be as critical as it will be challenging.
CAPA Airport Finance & Privatisation Review 2015/2016. The day has come for PPPs
CAPA's 170-page "Global Airport Finance and Privatisation review 2016 – the day has come for the PPP" is is the fourth in a series of CAPA reports on airport privatisation and investment published since Jan-2015.
During that time a number of deals have been concluded and announced across the world though their volume remains below the levels prior to 2008. One of the key trends is an identifiable increase in activity in public-private partnerships (PPPs) globally.
In a world where obtaining a viable return on investment remains a difficult task it is evident that investor sentiment once again favours long term transport infrastructure. Airports are among the well tested models for investment.