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
You may also be interested in the following articles...
LOT Polish Airlines: new LA service highlights value of long haul; short haul heat from LCCs remains
On 3-Apr-2017 LOT launched its longest direct service, between Warsaw and Los Angeles, deploying Boeing 787-8 aircraft. Los Angeles is LOT’s fourth North American destination and its first regular service to any US west coast destination. It is also the only direct flight anywhere between Central Europe and the US west coast. Warsaw-Newark and Krakow-Chicago route launches will follow later in summer 2017.
As it is with its other long haul routes, which also include three Asian destinations, LOT is aiming the new LA service not only at O&D traffic from Warsaw, but also squarely at passengers travelling to Southern California from across the Central European region. LOT is the only significant long haul operator in the region and the only one serving Los Angeles. Its Warsaw Chopin hub is the only airport between Vienna and Moscow with more than 1,000 long haul flights per year.
On short/medium haul, competition from LCCs Ryanair and Wizz Air is intense. Both have more seat capacity in Poland than LOT, whose new unbundled fare structure reflects the need to adopt some of their tactics. Long haul, where there is far less competition for LOT, is set to remain its strategic growth priority.
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.