Consorcio Venezolano de Industrias Aeronáuticas y Servicios Aéreos, S.A. (Conviasa), a Venezuelan airline, and Embraer signed (18-Jun-2013) a contract for seven E190 jets, exercising options from the original order released in Jul-2012, which provided for six firm orders and 14 options. The announcement was made during the 50th Paris Air Show. Therefore, Conviasa now has a total of 13 firm orders for the E190 jet, besides options for another seven aircraft of the same model. Conviasa currently operates six E190 jets on regional routes in Venezuela and in the Caribbean. By the end of 2013, the airline will be operating a total of 12 E190 jets, all configured with 104 seats in a single class. Conviasa president César Martínez Ruiz said: "This additional aircraft order demonstrates the confidence Conviasa has in Embraer and in the E190 jet for our fleet renewal, advancing the company's mission to be an essential element in Venezuela’s development. Ever since it went into service, the E190 has shown excellent operating performance and has captivated passengers with the comfort it provides.” [more - original PR]
Conviasa confirms purchase of seven additional E190s
You may also be interested in the following articles...
Global Fleet Outlook: Deliveries peak, as order highs decline.
Airlines are set to add more new aircraft than ever before in 2017. After years of record ordering and building backlogs, aircraft manufacturers are making good on their promises to ramp up production. The industry is enjoying record levels of growth and profitability; with solid passenger market fundamentals, and both airlines and leasing companies having access to ready liquidity, cheap debt and plentiful equity capital, making financing fleet orders easier than at any time before the global financial crisis.
Southwest Airlines and jetBlue take different paths to sustaining balance sheet strength
At nearly 46 years old and 17 years old, respectively, Southwest and jetBlue approach their financial priorities differently. jetBlue is in the process of buying a certain level of aircraft off lease to reduce debt and raise its levels of unencumbered aircraft. Southwest is concluding a hefty investment in a long overdue overhaul of its reservations system and making other significant technology investments.
Each airline also has a different capital allocation strategy. Southwest has engaged in some level of shareholder returns since the 1990s, whereas jetBlue’s shareholder return strategy is just starting to take shape – the airline is reaching a point in its leverage performance where it can contemplate more meaningful levels of shareholder returns in the medium term.
One area where Southwest and jetBlue hold similar visions is balance sheet strength, and the airlines have similar leverage goals: to support capex commitments, maintain manageable debt levels, and expand or sustain return to shareholders.