Latest news with #Embraer
News24
10 hours ago
- Business
- News24
Airlink set to finalise lease agreement for 10 new aircraft
Regional airline Airlink has 68 Embraer aircraft as part of its fleet. Be among those who shape the future with knowledge. Uncover exclusive stories that captivate your mind and heart with our FREE 14-day subscription trial. Dive into a world of inspiration, learning, and empowerment. You can only trial once. Start your FREE trial now Show Comments ()
CNBC
10 hours ago
- Business
- CNBC
Airbus orders dominate Paris Air Show as Boeing takes backseat — again
Airbus orders and new models have taken center-stage at this year's Paris Air Show, as its U.S. rival Boeing spends yet another major industry event keeping a low profile due to turmoil at the business. Airlines and manufacturers use air shows as an opportunity to make splashy aircraft purchase announcements following months of negotiations, some of which will be wrapped up at the event. Airbus had racked up nearly $21 billion as of Thursday morning, per a Reuters calculation. That included 132 firm orders on Monday, from customers including Saudi leasing firm AviLease, Japan's ANA and Poland's LOT, versus 41 for Boeing and 15 for Brazil's Embraer, according to a tally by aviation advisory IBA. The following two days saw Boeing hold back from announcements completely, while Airbus splashed a 150-aircraft Memorandum of Understanding with VietJet Air focused on its single-aisle 100 A321neos, and orders with EgyptAir and Starlux Airlines for its wide-body A350s. Air Asia chief Tony Fernandes told CNBC on Thursday that he was in discussions at Paris about expanding the firm's existing order for the Airbus XLR — the Toulouse-based planemaker's flagship new long-range, narrowbody aircraft — and expected an announcement within the next month or so. The model, which entered service last year, is set to allow airlines to offer medium- and long-haul routes at lower rates due to reduced fuel costs. Embraer also secured a key win Wednesday with 60 firm orders for the E175, along with further options. Boeing's relatively quiet presence in Paris isn't indicative of a wider demand crisis in the sector. The manufacturer sealed plenty of orders during U.S. President Donald Trump's May trip to the Middle East, including a 210-jet deal with Qatar Airways. Both Boeing and Airbus meanwhile have aircraft backlogs of more than 5,000 and 8,000 aircraft, respectively, figures that have barely budged for nearly a decade as industry supply challenges — exacerbated in the wake of the pandemic — leave airlines struggling to renew their ageing fleets. John Plueger, chief executive officer of Air Lease Corp, told CNBC earlier this week that the backlog meant it was always expected to be a subdued show in Paris compared to those past, including the post-pandemic boom year of 2023. "Both Airbus and Boeing are all sold out to 2031 and '32 anyway. So how many follow-on orders into the '33, '34, '35 time frame are you really going to see? ... But overall, the demand environment remains very robust," Plueger said. However, this does mark yet another year in which Boeing has refrained from the aircraft flypasts or major promotional activities. Starting in 2019 in the wake of the two fatal crashes of its B737-Max model, followed by the pandemic which threw the industry into turmoil, and then with fresh crises delivered via an emergency exit door blowout, allegations of widespread quality control issues, and increasingly-disgruntled customers over delivery delays — Boeing has had a difficult time. Just as 2025 appeared like it may represent a tentative turning point for the company, with CEO Kelly Ortberg due to attend Paris, the first-ever crash of a Boeing Dreamliner in last week's Air India disaster threw that into disarray. Ortberg pulled out of attending the event, and the firm has made few press announcements while it says it is focused on its customers and the investigation into the causes of the crash. "Demand for new aircraft remains unprecedented, matched only by passenger demand for air travel," said Tony Payne, partner at law firm DLA Piper. He added that orders remain strong despite a "sombre and reflective environment" in the wake of the Air India crash, as stakeholders are "well aware of the impact" any relaxation of standards can have. "Orders for new aircraft and engines remains strong but alongside a sombre and reflective environment, where stakeholders are well aware of the impact of any relaxation of standards can have." "Muted" has therefore become the word of the week in terms of commercial aviation, while defense — making up nearly half of the show's content this year — takes on a bigger-than-ever role amid roiling Middle East conflict, the Russia-Ukraine war and an upcoming NATO summit at which higher national security spending will be high on the agenda. Deals in this space have included Thales' contract to build 48 of its new remote-operated artillery systems for the French government. "The consequences, the impact of the accident of Air India" are hanging over Paris, Airbus CEO Guillaume Faury told CNBC on Monday. "Still, the momentum in the industry is very strong," he continued, noting particular demand for widebody aircraft which had more catching up to do following the pandemic than the narrowbody market. Dan Taylor, head of consulting at IBA, told CNBC that the split between Boeing and Airbus this year was "more about context than competition." "Boeing's recent orders in the Middle East, helped by U.S. diplomatic engagement, and its quiet stance post-Air India likely influenced its lower visibility at the Paris Air Show. This isn't a sign of weakening demand, but rather a deliberate pause amid a volatile geopolitical backdrop and possible tariff uncertainties," Taylor said. "Airlines are likely busy reassessing fleet strategies given the latest crisis, but strong profitability, ageing fleets, easing debt levels, and continued GDP and travel demand growth across many regions all point to a sustained long-term appetite for new aircraft."
Reuters
a day ago
- Business
- Reuters
SkyWest, Lithuania deals lift Embraer at Paris Airshow
SAO PAULO/PARIS, June 18 (Reuters) - Investors and analysts on Wednesday welcomed fresh deals announced by Brazilian planemaker Embraer ( opens new tab at the Paris Airshow, including a major regional jet order from SkyWest and a defense agreement with Lithuania. The announcements helped Embraer's shares climb as much as 5%, making it the top performer on Brazil's benchmark stock index Bovespa (.BVSP), opens new tab, and underscored positive sales momentum for the company. Embraer got off to a turbulent start on Monday at Le Bourget as Polish carrier LOT, a long-time E-Jet operator, chose Airbus' ( opens new tab A220 regional jet over the Brazilian firm's E2 family after a hard-fought contest for a landmark 40-airplane deal. But it recouped ground on Wednesday as U.S. airline SkyWest placed a firm order for 60 E175 jets valued at $3.6 billion at list price, with options for 50 more. The deal was described as a "mega order" by Embraer's commercial aviation head, Arjan Meijer, who added in a statement that the E175 was the "cornerstone of regional aviation in North America." Santander analysts praised it as a "strong positive development" for Embraer due to the meaningful boost to its backlog and indications of continued demand for the first-generation models in the key region. The Brazilian firm also revealed that South Africa-based Airlink plans to lease 10 second-generation E195-E2 jets from Azorra, a move which Itau BBA believes could lead to further orders from the U.S. lessor in the future. On the defense front, Lithuania said it had tapped Embraer's KC-390 airlifter for its fleet, paving the way for the acquisition of three aircraft. Financial details were not disclosed. Analysts say the move may fuel more orders from European and NATO countries, with nations such as Portugal, Hungary and the Netherlands having also selected the aircraft, which competes with Lockheed Martin's (LMT.N), opens new tab C-130. "We see potential for at least 50 new orders for the C-390 from NATO countries with the rise in defense investments in Europe," Bradesco BBI said in a note to clients. Embraer, the world's third-largest planemaker after Airbus and Boeing (BA.N), opens new tab, has been riding tailwinds on the back of strong demand for its jets. Its shares have surged 30% so far this year, building on gains of more than 150% in 2024.
Yahoo
a day ago
- Business
- Yahoo
SkyWest, Lithuania deals lift Embraer at Paris Airshow
By Gabriel Araujo SAO PAULO/PARIS (Reuters) -Investors and analysts on Wednesday welcomed fresh deals announced by Brazilian planemaker Embraer at the Paris Airshow, including a major regional jet order from SkyWest and a defense agreement with Lithuania. The announcements helped Embraer's shares climb as much as 5%, making it the top performer on Brazil's benchmark stock index Bovespa, and underscored positive sales momentum for the company. Embraer got off to a turbulent start on Monday at Le Bourget as Polish carrier LOT, a long-time E-Jet operator, chose Airbus' A220 regional jet over the Brazilian firm's E2 family after a hard-fought contest for a landmark 40-airplane deal. But it recouped ground on Wednesday as U.S. airline SkyWest placed a firm order for 60 E175 jets valued at $3.6 billion at list price, with options for 50 more. The deal was described as a "mega order" by Embraer's commercial aviation head, Arjan Meijer, who added in a statement that the E175 was the "cornerstone of regional aviation in North America." Santander analysts praised it as a "strong positive development" for Embraer due to the meaningful boost to its backlog and indications of continued demand for the first-generation models in the key region. The Brazilian firm also revealed that South Africa-based Airlink plans to lease 10 second-generation E195-E2 jets from Azorra, a move which Itau BBA believes could lead to further orders from the U.S. lessor in the future. NATO BOOST On the defense front, Lithuania said it had tapped Embraer's KC-390 airlifter for its fleet, paving the way for the acquisition of three aircraft. Financial details were not disclosed. Analysts say the move may fuel more orders from European and NATO countries, with nations such as Portugal, Hungary and the Netherlands having also selected the aircraft, which competes with Lockheed Martin's C-130. "We see potential for at least 50 new orders for the C-390 from NATO countries with the rise in defense investments in Europe," Bradesco BBI said in a note to clients. Embraer, the world's third-largest planemaker after Airbus and Boeing, has been riding tailwinds on the back of strong demand for its jets. Its shares have surged 30% so far this year, building on gains of more than 150% in 2024. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Airbus, Embraer unveil freighter orders at Paris Air Show
Freighter aircraft took the stage at the Paris Air Show on Wednesday, with Airbus receiving an order for two next-generation A350s from Turkey-based MNG Airlines and Embraer announcing the launch customer for its new E190 regional converted freighter. The MNG order expands Airbus' lead over Boeing in the large next-generation freighter category. Customers have agreed to purchase 75 A350 freighters since sales began earlier this decade. Boeing has about 55 orders for the freighter variant of its new 777-X. On Monday, Saudi Arabia-based startup lessor AviLease agreed to buy 10 A350 cargo jets. The large widebody aircraft is still undergoing final development and testing, with the first production model now slated for delivery in late 2027. MNG Airlines provides scheduled and charter service to Asia, Europe, and North and Central America, on an outsourced basis for express delivery and general freight customers, including e-commerce shippers. In March, it took delivery of a third A330-300 aircraft that was retrofitted from passenger to cargo configuration. It also operates two A300-600s, two A330-200s and two A321 converted A350 cargo jet is designed to carry up to 122 U.S. tons with a range of 5,400 miles. Airbus says it will offer up to a 40% reduction in fuel consumption and CO2 emissions compared to previous generation freighters, thanks in large measure to the use of lightweight composite materials. Meanwhile, Brazilian manufacturer Embraer (NYSE: ERJ) announced that Malta-based Bridges Air Cargo, will be the launch operator for its E190 passenger-to-freighter aircraft. Bridges is part of UK-based Bridges Worldwide, which provides regional airlift for DHL Express, FedEx and UPS in Europe as well freight forwarding services. Bridges Air Cargo started flying in late 2023 and currently pays another airline to operate a single ATR 72 turboprop on its behalf. It will lease two E190 aircraft from Regional One, a South Florida-based aircraft trader, which doubled its order to four aircraft during the airshow. Bridges plans to begin E190 operations in the third quarter. The E190 is a small narrowbody jet that slots between the standard Boeing 737 family of converted freighters and large turboprop aircraft. Embraer is pitching the plane as well-suited for e-commerce transport because it is sized to shuttle back and forth between hubs and secondary and tertiary markets and is more efficient than older aircraft. It has a main-deck payload of 23,600 pounds. It's unclear to what extent operators will use underfloor says its E-Jets will have 40% per volume capacity and three times the range of large turboprop freighters, and up to 30% lower operating costs than larger narrowbody jets. The company's conversion design has been approved by civil aviation authorities in Europe, the U.S. and Brazil. 'The size of the aircraft fills a unique and underserved space in the cargo segment. The jet also strengthens our operational capabilities and paves the way for the development of promising new routes. We are excited to partner with Embraer and Regional One, which is a fundamental step forward for regional air cargo transportation,' said Guy Bridges, CEO of Bridges Air Cargo. Bridges Worldwide is expanding its footprint into Africa, the Gulf, Indian subcontinent and Asia. Click here for more FreightWaves/American Shipper stories by Eric Kulisch. Saudi Arabia-based leasing company to buy 10 Airbus A350 freighters Air France-KLM trims Airbus order for A350 freighters The post Airbus, Embraer unveil freighter orders at Paris Air Show appeared first on FreightWaves.
