FILE PHOTO: A logo of low cost carrier Spirit Airlines is pictured on an Airbus plane in Colomiers near Toulouse
(Reuters) – Spirit Airlines <SAVE> on Friday cut its third-quarter outlook for a key revenue measure as it estimates an about $25 million hit on its sales, hurt by hundreds of flights cancellations due to Hurricane Dorian.
The company now expects third quarter unit revenue to fall between 2.5% and 3.5% compared to its prior estimate of a decline of 1% to 2%.
The hurricane has led airline operators including American Airlines <AAL.O> and Delta Air Lines <DAL.N> to cancel thousands of flights across the United States this week.
Dorian, which briefly made a landfall on the Outer Banks of North Carolina on Friday, is expected to bring tropical storm winds to Nantucket Island and Martha’s Vineyard, Massachusetts early on Saturday
Kitty Hawk,the flying car company backed by Google’s Larry Page and led by Udacity co-founder Sebastian Thrun, has struck a deal with aerospace giant Boeing.
The terms of the strategic partnership are vague. But it appears the two companies will collaborate on urban air mobility, particularly around safety and how autonomous and piloted vehicles will co-exist.
Kitty Hawk’s portfolio of vehicles includes Cora, a two-person air taxi, and Flyer, a vehicle for personalized flight. The partnership is focused on the fully electric, self-piloting flying taxi Cora, according to the announcement.
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Air Mauritius has taken delivery of its first A330-900, on lease from ALC during a ceremony held in Toulouse. The national carrier of the Republic of Mauritius is the first A330neo operator based in the southern hemisphere, and the first airline in the world to operate a combination of both the A330neo and A350 XWB.
Benefiting from the A330neo’s unbeatable operating economics and award-winning Airspace cabin, the aircraft (named Aapravasi Ghat in reference to Mauritius’ history) will feature a two-class cabin with 28 business class seats and 260 economy class seats. The carrier will deploy the aircraft on routes connecting Mauritius to Europe (mainly London and Geneva), India and South East Asian routes and on regional destinations including Johannesburg, Antananarivo and Reunion Island.
Air Mauritius CEO Somas Appavou stated: “I am delighted to welcome our first Airbus A330neo, another milestone in our fleet modernisation programme. The addition of two A330neos to our fleet will bring more flexibility and efficiency to our operations while supporting our network strategy. The A330neo offers similar levels of comfort as the A350 XWB, which has received very favourable feedback from our customers. I strongly believe that with the addition of the A330neo to our fleet, Air Mauritius will further reinforce its focus and emphasis on the customer who are at the very core of our business model.”
“Sugar and spice and all things nice! Like its namesake, inspired by the island’s history in developing the sugar industry, their first A330neo will pioneer Air Mauritius into a whole different level of efficiency and flexibility by operating both the A330neo and the A350 XWB, our latest generation widebodies”, said Christian Scherer, Airbus Chief Commercial Officer. “Passengers will enjoy unmatched levels comfort in our award winning ‘Airspace by Airbus’ cabins on both aircraft. Well done to our trusted partner on being the world’s first airline to operate the A330neo and the A350 XWB together – a sweet combination!”
Air Mauritius currently operates nine Airbus aircraft, of which two A350-900s, three A340-300s, two A330-200s and two A319s on its regional and long haul services.
The A330neo Family is the new generation A330, comprising two versions: the A330-800 and A330-900 sharing 99 percent commonality. It builds on the proven economics, versatility and reliability of the A330 Family, while reducing fuel consumption by about 25% per seat versus previous generation competitor aircraft and offering an unrivalled range capability. The A330neo is powered by Rolls-Royce’s latest-generation Trent 7000 engines and features a new wing with increased span and new A350 XWB-inspired Sharklets.
With an order book of more than 1,700 aircraft from 120 customers to date, the A330 is the most popular widebody family.
Paulo Cesar de Souza e Silva concludes his tenure at the end of April and will support the transition process of the company as Senior Advisor of the Board of Directors.
São Paulo, Brazil, March 18, 2019 – Embraer, following shareholder approval of the transaction with Boeing, announces that the current President and CEO of the company, Paulo Cesar de Souza e Silva, concludes a successful professional cycle with the company on April 22, 2019 which is the end of his current two year elected term.
“Paulo Cesar idealized the partnership with Boeing and led the negotiation process of the transaction that will bring Embraer and Brazil to a much more competitive and prominent level in the global aviation industry,” said Alexandre Silva, Chairman of the Board.
For 22 years at Embraer, Paulo Cesar came from the financial market to structure the company’s sales financing area. For six years he was President and CEO of Commercial Aviation and in 2013 launched the E2 Program, the medium-sized commercial jets considered today to be the most efficient in the market.
In 2016, Paulo Cesar became President and CEO of the Embraer Group, with a mission to make the company more efficient, competitive and better prepared to face structural changes in the global aviation market.
His administration established three key initiatives focused on value creation and the sustainability of the company. The first was the transaction with Boeing. The second was the creation of the Passion for Excellence program, a structural transformation project focused on reducing costs and increasing operational efficiency, generating significant annual recurring savings. The third was the creation of EmbraerX, responsible for disruptive innovation and the development of opportunities for the future, such as eVTOL (electric vertical take-off and landing vehicle), a project that will revolutionize urban transport in partnership with Uber.
“Without the support of the Board and Embraer’s 18,000 employees and colleagues, none of our achievements would have been possible”, noted Paulo Cesar. “We are challenged to remain at the forefront of engineering and operations. In Executive Aviation and Defense, and with the KC 390 joint venture with Boeing, we will expand our international competitiveness and everything indicates that we will have another 50 years of success ahead.” And he added: “I am sure that the new leadership of the company will find fertile ground ahead to expand and consolidate Embraer.”
Paulo Cesar was invited to be a Senior Advisor to the Board, with the task of facilitating the integration of the future President and CEO and advising the Board on the monitoring of assets and resources segregation, an integral part of the process of concluding the partnership with Boeing. As it was reported, 96.8% of Embraer’s shareholders approved an agreement with the North American company last February, which should be concluded after obtaining all approvals of the Regulatory and Competitive Agencies in Brazil and abroad.
Embraer also informs that the future President and CEO, to be elected for the next term, will be recruited externally and announced on or before the Ordinary General Assembly on April 22nd.
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About Embraer
Embraer is a global company headquartered in Brazil with businesses in commercial and executive aviation, defense & security. The company designs, develops, manufactures and markets aircraft and systems, providing customer support and services. Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. About every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 145 million passengers a year.
Embraer is the leading manufacturer of commercial jets up to 150 seats. The company maintains industrial units, offices, service and parts distribution centers, among other activities, across the Americas, Africa, Asia and Europe.
Boeing CFO Greg Smith (left), Boeing CEO Dennis Muilenburg (center), and Embraer CEO Paulo Cesar Silva
Austin, TX, USA, March 06, 2019 – Austin’s South By Southwest (SXSW) festival is the stage of EmbraerX’s first Prototype Room, a space for connection between technology, accessibility, collaboration and creativity. By showing its collaborative ecosystem mind approach, EmbraerX aims the enhancement of urban air mobility acceptance in a human-centric experience.
The Prototype Room will feature a series of interactive experiences for people to know, understand and imagine the Flying Vehicle and Urban Air Mobility. The proposal is to invite the public to know and interact with EmbraerX from their projects and ideas more audacious and revolutionary.
All this technologies and activities developed by partner companies that are part of the EmbraerX collaborative ecosystem will take place at Hilton Austin Downtown hotel, room, 602, March 8-13.
“The industry needs to build a collaborative ecosystem to reinvent mobility. But it will only be possible, if we ignite people’s imagination and show we are not offering product, but a social transformation. SXSW is an obvious stage to spread this message by demonstrating Embraer moves toward to the future of urban air mobility and accessibility”, said Antonio Campello, CEO of EmbraerX.
This year the Tech Industry & Enterprise Track is presented by Embraer. This interactive track has focuses on the forward-thinking innovation of today and what we project to be trending tomorrow. Executives and leaders from a variety of industries will be gathered to discuss the evolving landscape of technology driven services. Session topics include new developments from established organizations; technology ecosystems from around the world; strategic B2B practices; and the changing nature of tech-based services within industries.
EmbraerX team will be also attending the panel Mobility, Reimagined: Co-Designing at the Hilton Austin Downtown hotel New Futures, on March 12, at 9:30am, at room 400. The panel will explore how people and technologies will interact in the new age of smart cities and autonomous vehicles. In this opportunity, the Company will address its vision on a truly build safe future-forward transportation for all, which users will be the first to benefit from these new technologies and revolutionary services, what will be the implications on mobility and the design of new frictionless technologies.
EmbraerX, a wholly owned Embraer subsidiary, exists to build disruptive businesses, considering that transportation will probably be disrupted by the exponential growth of new technologies as well as the development of new business models.
Embraer has existing partnerships with dozens of universities and research centers and also co-creates with customers and aerospace companies around the world, in truly collaborative knowledge networks, based upon open innovation concepts, with shared achievements, budgets and risks. The company 50-year successful history is a representation and endorsement of what is being built for the future. eVTOL.
Embraer is part of the Uber Elevate Network, sharing the vision that on-demand aviation has the potential to radically improve urban mobility, improving the quality of life for people who live in congested urban communities.
Urban air mobility can be leveraged by using the eVTOL (electrical Vertical Take Off and Landing). However, the entire ecosystem has to be developed, which demands a significant integration among ride-sharing platform, aircraft manufacturer, infrastructure for vertiports, air traffic management, certification authorities, etc.
As the leading manufacturer of commercial jets with up to 150 seats and a major player in business aviation, in addition its important role in defense and security, Embraer is one of the most experienced partners in this space and Uber recognizes and values Embraer’s ability to bring affordable, yet advanced flight systems to much smaller aircraft.
Marignane, 23 January 2019 – Airbus Helicopters delivered 356 rotorcraft and logged gross orders for 413 helicopters (net: 381) in 2018 (up from 350 gross orders in 2017), maintaining its lead in the civil & parapublic market while reinforcing its position in the military market thanks to key successes with international campaigns. The company also booked 148 orders for light twin-engine helicopters of the H135/H145 family and secured 15 orders for the next-generation H160. At the end of last year, the overall backlog increased to 717 helicopters.
“Our commercial performance in 2018 demonstrates the resilience we have developed as a company to help us navigate what remains a challenging environment,” said Bruno Even, Airbus Helicopters CEO. “Even though the civil & parapublic market remains at a low level worldwide, we have managed to maintain our global leadership thanks to our wide and modern portfolio of products and services and our international footprint. Meanwhile, we have increased our market share in the military sector by securing major contracts with leading armed forces worldwide, with best-in-class solutions. These positive trends give us the means to prepare the future and continue our transformation, with innovation at our core and customer loyalty at heart.”
In 2018, Airbus Helicopters delivered the first of 100 H135s for China in Qingdao, where a dedicated final assembly line will serve the growing demand of the Chinese market for civil & parapublic helicopters. Meanwhile, Hong Kong Government Flying Service took delivery of the first H175s in public services configuration.
Last year also proved successful for the Super Puma family which demonstrated its versatility by being selected in key military campaigns, while attracting new civil & parapublic customers with repurposed H225s previously operated on the oil & gas market. Likewise, 2018 proved to be a very positive year for the NH90, which attracted orders for 28 units in Qatar while being selected by Spain in the frame of a follow-on order for 23 units.
Key programme milestones were achieved in 2018, including the power-on and ground testing of the CityAirbus electric vertical take-off and landing (eVTOL) technology demonstrator, ahead of a maiden flight expected early 2019. The first H160 in serial configuration entered flight trials in 2018, while the VSR700 unmanned aerial system demonstrator performed its first unmanned flights at the end of the year.
Footnote: The Full-Year 2018 net orders and backlog represent the contractual view. The Full-Year 2018 backlog value will be measured under IFRS 15 and will reflect the recoverable amount of revenues under these contracts. The FY 2017 backlog will not be restated.
