SEATTLE, May 17, 2019 /PRNewswire/ — About 18,000 pounds of fresh Copper River salmon arrived on a fish-filled Alaska Airlines plane touching down at Seattle-Tacoma International Airport shortly after 6:30 a.m. Today officially marks the start of the salmon season that is anticipated by seafood lovers throughout the Pacific Northwest and beyond. By noon, Alaska Air Cargo is expected to deliver a total of 50,000 pounds of Copper River salmon to the Lower 48 with more scheduled on later flights.
Alaska Airlines pilots hold up the first Copper River Salmon upon arrival in Seattle
Embraer delivered 11 commercial jets and 11 executive jets (8 light / 3 large) in 1Q19.
The Company’s firm order backlog at the end of 1Q19 was US$ 16 billion considering all deliveries as well as firm orders obtained during the period.
EBIT and EBITDA in 1Q19 were US$ (15.2) million and US$ 30.9 million, respectively, yielding EBIT margin of -1.8% and EBITDA margin of 3.8%. This compares to EBIT of US$ (5.3) million (-0.6% EBIT margin) and EBITDA of US$ 57.8 million (6.0% EBITDA margin) in 1Q18.
1Q19 Net loss attributable to Embraer shareholders and Loss per ADS were US$ (42.5) million and US$ (0.23), respectively. Adjusted net loss (excluding deferred income tax and social contribution) for 1Q19 was US$ (61.8) million, with Adjusted loss per ADS of US$ (0.34). Embraer reported adjusted net loss in 1Q18 of US$ (60.5) million, for an adjusted loss per ADS of US$ (0.33) in the quarter.
Embraer reported Free cash flow of US$ (665.3) million in 1Q19, compared to free cash flow of US$ (435.2) million reported in 1Q18. The Company finished the quarter with total cash of US$ 2,483.4 million and total debt of US$ 3,587.1 million, yielding a net debt position of US$ 1,103.7 million versus net debt of US$ 439.9 million at the end of 2018.
The Company’s shareholders approved the proposed strategic partnership between Boeing and Embraer during an Extraordinary General Shareholders’ Meeting on February 26, 2019. At the meeting, 96.8% of all valid votes were in favor of the transaction, with participation of roughly 67% of all outstanding shares.
The closing of the transaction between Boeing and Embraer remains subject to obtaining regulatory approvals and the satisfaction of other customary closing conditions, expected by the end of 2019.
The Company reaffirms all aspects of its 2019 financial and deliveries guidance.
The first A330neo of the Americas has been delivered to Azul Linhas Aéreas on lease from Avolon, becoming the first airline from the Americas to fly the A330-900. The aircraft is the first of 15 A330neo ordered by Avolon.
The A330neo, Airbus’ new generation A330 aircraft, will be used by the airline to expand its international route network between Brazil and Europe and the United States. Fitted with a three-class cabin layout accommodating 34 business class, 96 economy Xtra, and 168 economy class seats, the A330neo offers passengers greater comfort along with the newest and the most advanced in-flight experience while the airline will benefit from the aircraft’s unrivalled operating economics.
“We are very proud to be the first A330neo operator in the Americas. This new aircraft will play a key role in the expansion of our international markets supporting our strategy of having a modern and fuel-efficient fleet”, celebrates John Rodgerson, Azul’s CEO.
“With its many new features and an Airspace cabin, the A330neo can only add to Azul’s many travel awards said Christian Scherer, Airbus Chief Commercial Officer. “Innovation packed, superior passenger comfort and 25% fuel efficiency all rolled in to one – that’s the A330neo.”
The A330neo is the true new-generation aircraft building on the most popular wide body A330’s features and leveraging on A350 XWB technology. Powered by the latest Rolls-Royce Trent 7000 engines, the A330neo provides an unprecedented level of efficiency – with 25% lower fuel burn per seat than previous generation competitors. Equipped with the Airbus Airspace cabin, the A330neo offers a unique passenger experience with more personal space and the latest generation in-flight entertainment system and connectivity.
Founded in 2008, Azul is a Brazilian carrier that serves 108 destinations across South America, the United States and Portugal.
Airbus has sold 1,200 aircraft, has a backlog of nearly 600 and nearly 700 in operation throughout Latin America and the Caribbean, representing a 56 percent market share of the in-service fleet. Since 1994, Airbus has secured nearly 70 percent of net orders in the region.
SAO PAULO, May 9 (Reuters) – Higher operational costs weighed on Brazil’s No. 3 airline, Azul SA, sending profits in the first quarter down 20% to 137.7 million reais ($35.06 million), despite significantly higher revenue compared to the same period last year.
While revenue grew 16% to 2.5 billion reais, personnel costs surged 37% amid continued expansion at the company.
Fuel costs also increased significantly, while other undisclosed costs jumped 34% to 224 million reais in the period.
Azul and its Brazilian competitors have faced higher costs in recent quarters due to the continued depreciation of the local currency, the real. While passengers buy their tickets in reais, many of the airline’s expenses, such as fuel, are denominated in the stronger U.S. dollar.
Earlier this year, Azul signed a tentative deal that ultimately fell through to take over a set of coveted domestic routes that were to be auctioned off by its rival Avianca Brasil, which is going through a bankruptcy protection process.
The routes were then set to go to its two larger competitors, Gol Linhas Aereas Inteligentes and LATAM Airlines Group, dealing a blow to Azul as it had hoped to break into the lucrative Sao Paulo-Rio de Janeiro route.
That route is currently dominated by Gol and LATAM and is considered to be among the most profitable in the country.
At the last minute, a judge indefinitely suspended Avianca’s auction which was due earlier this week.
($1 = 3.9273 reais) (Reporting by Marcelo Rochabrun; Editing by Bernadette Baum)
The Commonwealth of Australia has taken delivery of the first of three very long range Falcon 7X trijets it has acquired for government VIP service.
The other two aircraft, to be operated by the Royal Australian Air Force, will be handed over in the following months.
The VIP units are being delivered with the latest connectivity solutions, intended to provide seamless access to high speed broadband data anywhere in the world.
The Falcon 7X offers a combination of range, and operational flexibility that no other large cabin business jet can match. The 5,950 nm 7X can fly from Canberra to any point in Asia nonstop or link Canberra to Washington or London in one hop. It can land on short and challenging runways and operate across a wide range of environmental conditions, including extremely hot and humid and dry desert climates. And the aircraft’s three-engine design provides additional safety margin and frees operators of twin engine operating constraints when flying intercontinental transoceanic routes.
These characteristics explain the immense popularity the 7X has enjoyed since its service introduction more than a decade ago. More than 280 of the big trijets have been delivered to date around the world.
“We are extremely honoured that Australia has once again chosen to renew its confidence in our Falcon product line,” said Eric Trappier, Chairman & CEO of Dassault Aviation. “The RAAF already has decades of successful experience operating Dassault aircraft, from the Mirage III fighter to the Falcon 20 and Falcon 900 business jets.”
Australia has been a key market for the Falcon for almost half century. The company’s first business jet, the Falcon 20, entered commercial service ‘Down Under’ in 1967, two years after its entry into service. The Falcon 20 entered the inventory of the RAAF the same year (under the name Mystère 20) and served in the RAAF’s transport and utility wing for 22 years before being replaced by the Falcon 900. The five-aircraft Falcon 900 fleet remained in operation through the early 2000s.
More than 120 Falcon aircraft, including over 50 Falcon 7Xs, are currently flying with public and private operators in Australia and other Asia Pacific countries.
(Reuters) – Boeing Co’s largest supplier Spirit AeroSystems Holdings Inc reported strong first-quarter results on Wednesday, while following the planemaker in suspending its full-year outlook in the face of the global grounding of 737 MAX jets.
The crisis with Boeing’s most popular aircraft has thrown into doubt orders for a raft of parts makers who have been investing heavily to meet record-breaking demand from the world’s biggest planemaker over the past two years.
Spirit, which makes fuselage, structural engine components and wing parts for the MAX, did a deal with Boeing last month to stick to its current parts delivery schedules for now, and its profits in the first quarter were up 30 percent, according to Wednesday’s quarterly results.
Boeing however has announced cutbacks in its monthly production of MAX jets to 42 from 52 and while it says it is nearing certification for a software fix for the jet, airlines are assuming the planes will not be back in the air before August.
Spirit said with the uncertainty around MAX production it could not stand by its previous full-year outlook which had factored production for MAX jets rising to 57 units per month in June.
“As we now expect to remain at 52 aircraft per month for some period of time, (prior) guidance does not reflect our current outlook,” Spirit Chief Executive Officer Tom Gentile said, adding he was waiting for more clarity from Boeing on MAX’s return to service.
MAX’s other major supplier General Electric Co, which makes engines with Safran SA of France, on Tuesday stuck to its full-year forecasts, while highlighting risk due to MAX’s reduced production.
Another MAX supplier United Technologies Corp last month included an up to 10 cents per share impact in its full-year profit outlook from the groundings of the jet, assuming Boeing produced at 42 aircraft per month for the rest of the year.
Spirit, whose shares are down about 10 percent since the fatal crash of the Ethiopian Airlines’ jet on March 10, rose as much as 3.5 percent to $89.96 in morning trade.
“Given that (Spirit’s) shares have already notably sold off, we think much of this … has been discounted into the price,” Vertical Research Partners Krishna Sinha said.
The company said it has taken actions including deferring capital investments and pausing hiring and share repurchases to mitigate the financial impact of the MAX production change.
On an adjusted basis, Spirit earned $1.68 per share, beating analysts’ average estimate of $1.64 per share, according to IBES data from Refinitiv.
Total revenue rose 13.4 percent to $1.97 billion (£1.51 billion), beating estimates of $1.93 billion.
(Reporting by Ankit Ajmera in Bengaluru; Editing by Shounak Dasgupta)
ATLANTA, May 1, 2019 /PRNewswire/ — ExpressJet Airlines, a United Express carrier, this week took delivery of its first of 25 new Embraer E175 aircraft in a handover ceremony at the Embraer factory and delivery center in São José dos Campos, Brazil.
“The delivery of our first E175 represents a significant milestone in ExpressJet’s growth as an exclusive United Express carrier,” said Chairman and CEO Subodh Karnik. “I want to express my gratitude to our partners at Embraer and United Airlines as well as to the ExpressJet employees who have worked tirelessly over the past six months to make this day a reality.”
ExpressJet will take delivery of new E175’s through the remainder of 2019. Houston’s George Bush Intercontinental Airport (IAH) will serve as the airline’s first E175 base, with a second base location to be announced soon.
To support its E175 fleet growth, ExpressJet is hiring more than 600 new pilots in 2019. Pilots who sign on with ExpressJet can expect a quick selection process, an immediate class date, and to bid for flying within three months. Pilots interested in signing on with ExpressJet should apply at expressjet.com/pilots or airlineapps.com.
About ExpressJet Airlines ExpressJet Airlines operates as United Express, on behalf of United Airlines (UAL), to serve more than 100 airports across the United States, Canada and Mexico, with over 3,300 weekly flights from bases in Chicago, Cleveland, Houston and Newark. ExpressJet’s fleet includes more than 110 Embraer ERJ145 and Bombardier CRJ200 aircraft, with 25 new Embraer E175’s being added in 2019. ExpressJet pilots enjoy top-tier pay and quality of life and a career path to United Airlines. ExpressJet is a subsidiary of ManaAir, LLC. For further information, contact 404-856-1199, corpcomm@expressjet.com.
The first A350 XWB for Japan Airlines (JAL) has rolled out of the Airbus paint shop in Toulouse, France. The A350-900 is the first ever Airbus aircraft to be produced directly for JAL and features a special A350 XWB red logo on the fuselage.
The aircraft will now proceed to ground and flight tests, before delivery to JAL in early summer.
In total JAL has ordered 31 A350 XWB aircraft, comprising 18 A350-900s and 13 A350-1000s. The A350-900 will initially be operated on major domestic routes, with a three-class configuration seating 369 passengers.
The A350 XWB is the world’s most modern and eco-efficient aircraft family shaping the future of air travel. It is the long-range leader in the large widebody market (300 to 400+ seats). The A350 XWB offers by design unrivalled operational flexibility and efficiency for all market segments up to ultra-long haul (15,000 km).
The A350 XWB features the latest aerodynamic design, carbon fibre fuselage and wings, plus new fuel-efficient Rolls-Royce engines. Together, these latest technologies translate into unrivalled levels of operational efficiency, with a 25% reduction in fuel burn and emissions. The A350 XWB’s Airspace by Airbus cabin is the quietest of any twin-aisle and offers passengers and crews the most modern in-flight products for the most comfortable flying experience.
At the end of March 2019, the A350 XWB Family had received 890 firm
orders from 50 customers worldwide, making it one of the most successful
widebody aircraft ever.
A year ago, at 7:35 a.m. in Bergen, Norway, the E190-E2 took off with 114 passengers on board. It was the first commercial flight of the second and latest generation of commercial jets of Embraer, the E-Jets E2.
The aircraft, gracing the colors of Widerøe, the largest regional airline in Scandinavia, completed flight WF622, which ended at 9:35 a.m. in Tromsø.
At the helm was Espen Bergsland, the airline’s chief pilot, and Embraer pilot Celso Fonseca, this flight marked the starting point for Widerøe’s aircraft transition – from turboprops to jets – and a change in passenger comfort.
With the intention of extending the connections between north and south Norway, as well as exploring new international routes, Widerøe decided to expand its operations by incorporating jets that can seat 110 to 120 passengers. Embraer’s new E2 Jets fit the bill.
In November 2016, representatives of the Norwegian airline visited the manufacturer’s headquarters in São José dos Campos, in the suburbs of São Paulo, to see and assess the aircraft. Three months later, the company announced it was acquiring three E190-E2 and the purchase rights for another 12 jets of the E2 family.
In February 2018, the E190-E2 was certified to conduct commercial flights by the Brazilian National Civil Aviation Agency (ANAC), the Federal Aviation Administration of the United States (FAA), and the European Aviation Safety Agency (EASA).
This victory, a triple and simultaneous certification, was recently repeated. On April 15, 2019, the E195-E2, the largest commercial aircraft ever developed by the Brazilian company, also received the triple permission.
The delivery of the first E190-E2 took place on April 4, 2018 at a ceremony held at the Embraer plant in São José dos Campos, São Paulo. After five days, captains Fonseca, Bergsland and Endre Berntzen took off to Norway. On the journey, they stopped at Recife, Las Palmas (Spain), Aberdeen (Scotland) and arrived in Bergen on April 12th.
The aircraft was welcomed to the Norwegian city with a party. Political and aviation officials, the press and employees attended a dinner with music, a Brazilian martial arts (Capoeira) show, a play and other attractions.
During the entrance of the E190-E2 into the Widerøe hangar, a local opera singer sang one of the songs from the Bachianas Brasileiras series written by Brazilian composer Heitor Villa-Lobos. “The ceremony was very beautiful. It included cultural aspects of both Norway and Brazil, as if a bond were forming,” said Fonseca.
So, on April 24th, Bergsland and Fonseca piloted the new aircraft from Bergen to Tromsø for two hours. The aircraft took off with the maximum capacity of passengers – regular passengers, leaders and employees of the companies involved – and made a calm flight to its final destination.
“This flight represents increased connectivity between the north and south of the country on one of the longest routes of the Widerøe network, increasing the number of passengers per flight and bringing greater speed and comfort to Norwegian citizens,” explained Daniel Balducci, manager of Embraer’s customer accounts.
When the E190-E2 landed and arrived at the gate, it was met with the traditional water jets. Slices of cake were offered to all the passengers at the landing gate.
“On the way out, we heard positive comments about the cabin’s low noise level. Afterwards, I even read an article written by one of the passengers on a blog saying that he felt like he was inside an electric car during the flight,” said Fonseca. “The Widerøe pilots also liked the plane very much and found it very easy to pilot.”
By placing the first E2 model commercially in the skies, the Norwegian airline officially started its transition from turboprop to jet aircraft.
Beijing – China’s State Grid General Aviation Company (SGGAC) has taken delivery of one heavy twin-engine Airbus H215 helicopter – a member of the mission-proven Super Puma family – becoming the launch customer for the H215 in China.
A subsidiary of the State Grid Corporation of China (SGCC), the world’s largest utility company, SGGAC performs aerial construction and maintenance work along China’s network of high and very-high voltage power lines.
The H215 will join the company’s existing fleet of 15 Airbus helicopters, comprised of H125s, an H120 and an H225. This addition will enable SGGAC to perform new missions such as cable repair, cable laying, cargo transportation, and power line pylons constructions in difficult-to-reach areas.
The helicopter comes equipped with a 4.5-ton cargo sling, hoists, weather radar, and a wire-strike protection system. The configuration features 17 comfortable seats equipped with oxygen jackets for high altitude missions.
“Our cooperation with Airbus Helicopters since 2012 has been a true success. Thanks to the H215’s outstanding performance in high and hot conditions coupled with strong support and services from Airbus Helicopters, we are confident that we will continue to develop our capabilities performing new utility missions,” said Wu Jielong, Chairman of SGGAC.
“It’s an honour to see SGGAC becoming the first operator of the H215 in China”, said Marie-Agnes Veve, General Manager of Airbus Helicopters China. “This achievement reinforces the long-term and strategic cooperation we have developed with the company, which also became a certified Airbus Helicopters’ maintenance, repair and overhaul (MRO) centre in China in 2018.”
The H215 combines advanced avionics and a reliable platform for rugged multi-mission capabilities in the world’s harshest environments. Its baseline configuration offers extremely competitive direct operating and maintenance costs. Standard features include proven Makila 1A1 engines, the latest generation flight management system, and the most modern technologies, which includes a glass cockpit avionics system and the renowned 4-axis autopilot from Airbus Helicopters’ advanced H225.
The introduction of this H215 increases China’s Super Puma fleet to nearly 40 aircraft, performing a wide range of missions from oil & gas to aerial work to VIP transportation. The fleet is supported by Airbus Helicopters’ China technical team, its approved helicopter MRO centre in Shenzhen, and an H225 full flight simulator located in Beijing.
About Airbus Airbus is a global leader in aeronautics, space and related services. In 2018 it generated revenues of € 64 billion and employed a workforce of around 134,000. Airbus offers the most comprehensive range of passenger airliners. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as one of the world’s leading space companies. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.
