Latest news with #EmbraerE2
&w=3840&q=100)
Business Standard
2 days ago
- Business
- Business Standard
AirAsia seeks jets for growth but restructuring first priority: CEO
Airline entrepreneur Tony Fernandes, CEO of AirAsia owner Capital A Group, said on Wednesday he is in talks to buy 50 to 70 Airbus A321XLR jetliners, but signalled the first priority was to complete the group's restructuring. Asia's largest low-cost carrier also remains in talks to buy 100 smaller Airbus A220 or Embraer E2 regional jets but Fernandes, a veteran of eye-catching order announcements, all but ruled out an expected deal at this week's Paris Airshow. "I don't think there'll be an order at this air show. Were still doing a lot of work with Airbus and other (manufacturers).... I think we'll look to do something imminently, in the next 1-3 months," Fernandes told Reuters in an interview. "We want to make sure we clear out of our restructuring. The great thing is, we're back in the growth stage." The Malaysia-based low-cost carrier operates an all-Airbus fleet and is one of Airbus' biggest customers, having staged a series of dramatic air show finales after last-minute talks. The comments came after industry sources said AirAsia was in advanced discussions to place an order for at least 100 Airbus A220 regional jets at the Paris Airshow, with rival Embraer also vying for a chance to win a major breakthrough for its E2 jet. Two industry sources said Airbus had made an "aggressive" offer to boost orders for its A220 and win a launch customer for a new 160-seat version, or kickstart a larger version still on the drawing board, but that barring any further twist in negotiations on Wednesday the talks had stalled partly over financing. "There is no deal," one of the sources said. One of Airbus' biggest customers with over 350 planes on order, AirAsia has not placed an order since the pandemic, but ended a gap in deliveries by taking four Airbus jets last August, marking what it described as a new growth milestone. It has been steadily restructuring its order book as it faced financial difficulties after a slump during COVID-19. The company, hard hit by pandemic travel restrictions, was classified by Malaysia's stock exchange as financially distressed in 2022. It says it hopes to exit this so-called PN17 status by the middle of this year as it pursues a recovery. NETWORK EFFECT Capital A plans to sell its AirAsia aviation business to long-haul unit AirAsia X to consolidate long and short-haul operations under a single AirAsia brand. The group also needs consent letters from creditors, of which it has "virtually all of them," Thai Stock Exchange approval, and to raise new capital. "I am hoping we can wrap up this process in June and complete everything by the end of July .... We are getting closer to my liberation day, not Donald Trump's liberation day," Fernandes said in a play on the nickname for US tariffs. He said new investors had been "locked in," but declined to provide specific details ahead of any formal announcement. Bloomberg reported in March that the Saudi Public Investment Fund was set to invest in AirAsia. "We never confirmed (PIF) or not, but we have all our capital locked in and as soon as we get the consent letters and the Thai Stock Exchange we will announce who the new capital is," Fernandes said. AirAsia has led a boom in low-cost carriers in the region in the past two decades as incomes rose. Such carriers offer bargain fares by driving costs as low as possible, with large fleets of one aircraft type driving efficiencies of scale. Fernandes said the airline was ready to tweak that approach by picking smaller planes in a different category. What does the network need? It needs lots of frequency and it needs the ability to go to more destinations. Fernandes said he is still in discussions with China's COMAC about a potential order for its C919 narrowbody aircraft, though trade tensions between China and the US - which sources say has suspended engine deliveries - remain a possible obstacle. We received an offer from COMAC. The geopolitics don't help ... we need to be confident that that's going to be OK, but it's a good aircraft and well certainly look at it.
The Star
2 days ago
- Business
- The Star
AirAsia owner seeks jets for growth but restructuring first priority, CEO says
Capital A chief executive officer Tan Sri Tony Fernandes. PARIS: The CEO of Capital A Group, Tan Sri Tony Fernandes, said on Wednesday the owner of AirAsia is in talks to buy 50 to 70 Airbus A321XLR jets in coming months, but that the first priority is to complete the group's restructuring. Asia's largest low-cost carrier also remains in talks to buy 100 Airbus A220 or Embraer E2 regional jets but there is unlikely to be any announcement on plane orders at this week's Paris Airshow, he told Reuters in an interview. "I don't think there'll be an order at this air show. We're still doing a lot of work with Airbus and other (manufacturers).... I think we'll look to do something imminently, in the next 1-3 months," Fernandes said. "We want to make sure we clear out of our restructuring. The great thing is, we're back in the growth stage." The Malaysia-based low-cost carrier operates an all-Airbus fleet and is one of Airbus' biggest customers. The comments came after industry sources said AirAsia was in advanced discussions to place an order for at least 100 Airbus A220 regional jets at the Paris Airshow, with rival Embraer also vying for a chance to penetrate the all-Airbus carrier. AirAsia has also had an offer from China's COMAC, Fernandes said. AirAsia has previously said it was looking to add smaller planes for regional routes. One of Airbus' biggest customers with over 350 planes on order, AirAsia has not placed an order since before the pandemic, but ended a gap in deliveries by taking four Airbus jets last August, marking what it described as a new growth milestone. It has been steadily restructuring its order book as it faced financial difficulties. The company, hard hit by pandemic travel restrictions, was classified by Malaysia's stock exchange as financially distressed in 2022. It says it hopes to exit this so-called PN17 status by the middle of this year as it pursues a recovery. Capital A plans to sell its AirAsia aviation business to long-haul unit AirAsia X to consolidate long and short-haul operations under a single AirAsia brand. The group also needs consent letters from creditors, of which it has "virtually all of them," a Thai approval and to raise new capital. "I am hoping we can wrap up this process in June and complete everything by the end of July. We are getting closer and closer," Fernandes said. Fernandes said new investors had been "locked in," but declined to provide specific details ahead of any formal announcement. - Reuters
Zawya
01-06-2025
- Business
- Zawya
Joramco expands MRO capabilities to include the Embraer E2 aircraft
Amman, Jordan — Joramco, the Amman-based aircraft maintenance, repair, and overhaul (MRO) provider and engineering arm of Dubai Aerospace Enterprise (DAE), has received the approval from the Civil Aviation Regulatory Commission (CARC) to perform line and base maintenance checks on the Embraer ERJ-190 series powered by PW1900G engine. This addition marks a significant milestone in Joramco's strategy to expand its capabilities in line with evolving aircraft technologies and market needs. As part of the capability addition process, Joramco invested in specialized theoretical and practical training. The theoretical type training was delivered on-site at Joramco's facility by Embraer instructors, providing tailored instruction aligned with Joramco's procedures, while the practical type training was conducted by Embraer at its dedicated training facilities in Brazil, where Joramco's staff gained hands-on experience with E2 aircraft under OEM supervision. Commenting on the announcement, Fraser Currie, Chief Executive Officer of Joramco, said: 'Introducing the Embraer E2 to our capabilities is a strategic step aligned with our long-term roadmap and in support to Jordan's national flag carrier, Royal Jordanian. This milestone reinforces our commitment to supporting the needs of our customers and expanding our ability to serve a broader range of modern fleets.' About Joramco With more than six decades of experience, Joramco has built a sound track record as a leading independent commercial aircraft maintenance, repair and overhaul (MRO) facility serving a wide range of customers in the Middle East, Europe, South Asia, Africa and the CIS countries, offering services on several aircraft models from the Airbus, Boeing and Embraer fleets. Strategically located at a free zone area in Queen Alia International Airport in Amman-Jordan, Joramco's facility includes 5 hangars that can accommodate up to 22 aircraft with expansion plans currently in progress. Joramco is certified by a number of international regulatory authorities including the European Aviation Safety Agency (EASA), the U.S. Federal Aviation Administration (FAA) and the Jordan's Civil Aviation Regulatory Commission (CARC). For more information about Joramco and Joramco Academy, please visit the links below: Joramco Website: Joramco Facebook Page: Joramco LinkedIn Account: Joramco Twitter Account: Joramco Academy Facebook Page: Joramco Academy Instagram Account:
Saraha News
28-04-2025
- Business
- Saraha News
Royal Jordanian honors its pilots in recognition of their contributions on Pilots' Day
Royal Jordanian honored a largegroup of pilots on the occasion of the World Pilots' Day. Also, a number of pilots were awarded service certificates in recognition of their years of service at the airline. Attending the ceremony were Vice Chairman/CEO Samer Majali, RJ's executive management and concerned employees. Majali congratulated the pilots, commending their outstanding efforts and valuable role in Royal Jordanian's success. He emphasized that the airline's employees are its greatest asset and the cornerstone of its strength. He also highlighted the exceptional competence and professionalism of RJ pilots, which inspire pride and reinforce the airline's commitment to maintaining operational excellence in line with the highest international standards. Majali explained that this recognition reflects the company's appreciation for its pilots' efforts and its commitment to supporting and training them, as part of its ongoing approach tobuilding a stimulating work environment that fosters further accomplishments. He praised the vital role pilots play in supporting Royal Jordanian's development and modernization plans, noting that the airline maintains an excellent record of punctuality, which strengthens passengers' confidence in the company. He said that as part of its fleet modernization plan, RJ received five Embraer E2 aircraft and one freighter last year, while it will receive 16 more aircraft between June 2025 and the end of the year; including 14 Airbus aircraft and two E2s. The company extends ongoing efforts to improve operational efficiency and modernize its fleet, while focusing on enhancing the travel experience and improving the level of service provided to passengers.
Jordan News
28-04-2025
- Business
- Jordan News
Royal Jordanian records higher revenues, reduced losses, improved performance - Jordan News
Royal Jordanian records higher revenues, reduced losses, improved performance Royal Jordanian Airlines (RJ) recorded higher revenues, improved operating profits, and reduced post-tax losses in 2024, according to the company's latest financial results. اضافة اعلان RJ announced that its operating revenues rose to JOD 745.6 million, compared to JOD 733.2 million in 2023, while its operating profit reached JOD 11.8 million, up from JOD 3.2 million the previous year, reflecting an increase of more than 260 percent. Post-tax losses dropped to JOD 3.5 million, compared to JOD 8.7 million in 2023, marking a 59 percent decline. The company attributed these positive indicators to continuous efforts to control costs, enhance performance efficiency, and boost operational flexibility despite highly complex regional conditions. The results were announced during the company's ordinary and extraordinary general assembly meetings, held on Sunday via videoconference, chaired by Saeed Darwazah, Chairman of the Board of Directors, and attended by Samer Majali, Vice Chairman and Managing Director. The meetings discussed the Board of Directors' report on RJ's activities and outcomes for the fiscal year 2024, as well as the plan for 2025. The auditors' report, annual balance sheet, and profit and loss account were also reviewed and approved by the General Assembly. Darwazah stressed that Royal Jordanian would continue to advance toward achieving its strategic goals despite the ongoing challenges posed by regional and international developments, including the repercussions of the wars on Gaza and Lebanon and broader political and economic fluctuations affecting the aviation sector and travel to and from Jordan. He emphasized that RJ has maintained its pivotal role in ensuring Jordan's connectivity with the outside world, despite the regional crises. Darwazah recalled similar contributions by RJ during critical periods in history, such as the air blockade on Iraq and the COVID-19 pandemic, highlighting the airline's commitment to fulfilling its national duty under all circumstances. For his part, Majali said that Royal Jordanian in 2024 pursued operational and financial growth, striving to enhance its performance across key indicators. He noted that the airline transported approximately 3.7 million passengers during the year, a 4 percent increase compared to 2023, and maintained a strong flight punctuality record, achieving an 88 percent on-time departure rate within 15 minutes. Majali further noted that RJ launched direct flights to new destinations, including London Stansted, Manchester, Moscow, Berlin, and Tripoli. He highlighted that the airline's fleet modernization program progressed with the delivery of five Embraer E2 aircraft in 2024, and 16 additional aircraft including 14 Airbus aircraft and two Embraer E2 aircraft expected by the end of 2025. He underscored that the financial results validate the soundness of RJ's approach in addressing challenges and restoring financial balance. The airline remains committed to a comprehensive reform plan aimed at restructuring costs, diversifying revenues, expanding its route network, enhancing air cargo operations, and investing in support services. Majali also pointed to RJ's focus on human capital development, with the company implementing training and institutional programs to qualify national competencies. He added that Royal Jordanian aims to expand its fleet to 41 aircraft by 2028, accompanied by a clear strategy to ensure the readiness of qualified human resources in line with Civil Aviation Regulatory Authority standards. The expansion strategy, Majali noted, would enhance the airline's ability to meet future growth requirements while maintaining its commitment to corporate social responsibility and sustainability in the aviation sector. Petra
