Tag: pool (Page 1 of 2)

Marathon Airlines expands Embraer pool program agreement for seven E-Jets

October 18, 2023 / WIL BALDWIN

Amsterdam, Netherlands, October 18, 2023 – Embraer SA (NYSE: ERJ) announced that it has signed a contract amendment with Marathon Airlines for the Pool Program to include additional two E195s. Now, seven E-Jets will receive support for a wide range of repairable components – three E175, one E190, and three E195. The Greek airline started the Pool Program contract last year, with its first E175, and has seen steady fleet growth since. Currently, Embraer’s Pool Program supports more than 60 airlines worldwide.

Embraer provides support to airlines worldwide, with its technical expertise and its vast component services network. The results are significant savings in repair and inventory carrying costs and a reduction in warehousing space and resources required for repair management, while ultimately providing guaranteed performance levels. Embraer Services & Support’s portfolio offers a wide range of competitive solutions designed for each customer to support the growing fleet of Embraer aircraft worldwide and deliver the best after-sales experience in the global aerospace industry.

About Marathon Airlines

Marathon Airlines is an EASA-approved airline based in Greece providing customer-centric, safe, and reliable Wet Lease (ACMI) services to well-established EU carriers and Charter flights. We are also specialized in a range of solutions including private jet charter and aircraft management. The current fleet also includes 2 Legacy 600 aircraft.

For more information, visit www.flymarathon.aero.

Royal Jordanian Airlines sign pool program agreement with Embraer for E2 fleet support

October 18, 2023 / WIL BALDWIN

Amsterdam, Netherlands, October 17, 2023 – Embraer SA (NYSE: ERJ) has signed a multi-year contract with Royal Jordanian Airlines to support a total fleet of eight E190-E2 and E-195-E2 jets with the Pool Program. The agreement will provide support for a wide range of repairable components for the jets that will be added to Royal Jordanian’s fleet. Currently, Embraer’s Pool Program supports more than 60 airlines worldwide.

Embraer and Scoot sign pool agreement for E190-E2 fleet

September 26, 2023 / WIL BALDWIN

Singapore, September 26, 2023 – Embraer (NYSE: ERJ) announced that it has signed a Pool Program services agreement with Scoot [Singapore Airlines Ltd (OTC: SINGF)] to support the airline’s incoming fleet of nine E190-E2. The Pool Program provides access to component exchanges and repair services for more than 300 repairable parts to support Scoot’s Embraer aircraft, allowing the airline to minimize their upfront investment in high-value repairable inventories and resources, while taking advantage of Embraer’s technical expertise along with its vast component repair service provider network. Currently, the Pool Program supports more than 60 airlines worldwide.

The E190-E2 jet is the world’s most efficient and quietest single-aisle aircraft and the first batch of E190-E2 will be delivered to Scoot in 2024. In addition to the Pool Program, Scoot’s operations will benefit from the AHEAD (Aircraft Health Analysis and Diagnosis) which comprises early detection capabilities for critical systems, reducing technical interruptions and avoiding flight cancellations; the eSight, with real-time fleet performance monitoring.

Singapore is the nerve centre for Embraer’s services and support Asia Pacific operations. In addition to personnel based in Singapore, the Company has a Regional Distribution Centre within Changi Airport’s free trade zone. Recently, Embraer and CAE announced the establishment of a state-of-the-art E2 full flight simulator and pilot training program in Singapore which will commence in 2023. The full flight simulator will be based at the Singapore-CAE Flight Training Centre located at SIA Training Centre.

Embraer deliveries increase 47% in second quarter 2023

August 6, 2023 / WIL BALDWIN

Sao Jose dos Campos, Brazil, August 3, 2023 – Embraer (NYSE: ERJ) delivered a total of 47 jets in the second quarter of 2023, of which 17 were commercial aircraft and 30 were executive jets (19 light jets and 11 midsize jets). During the year, the company delivered a total of 62 aircraft (24 commercial and 38 executive). The second quarter deliveries were 47% higher than in the same period from 2022. In the first half of 2023, the volume has increased 35% compared to 2022, when 46 jets have been delivered. Compared to the second quarter of 2022, deliveries volume increased by 55% in Commercial Aviation and 43% in Executive Jets. The firm order backlog ended the period at US$ 17.3 billion.

In Commercial Aviation, American Airlines signed a firm order with Embraer for seven new E175’s. The aircraft will be operated by the subsidiary Envoy Air. With deliveries to begin 4Q23, Envoy’s fleet of E-Jets will grow to over 141 aircraft by the end of 2024. Embraer also received a firm order from Binter for six E195-E2’s, which will bring Binter’s E2 fleet to 16 jets when deliveries are completed. Four E175’s also began operations with Star Air, an Indian airline that already operates E-Jets. Star Air has also extended its Pool Program contract to include the E175’s in its fleet

Malaysia’s SKS Airways closed an agreement to add ten E195-E2 jets to its fleet. In addition, SKS joined the Pool Program to support aircraft to be operated in Southeast Asia. Scoot, a low-cost subsidiary of Singapore Airlines, is also adding nine E190-E2’s to its portfolio. And Royal Jordanian Airlines reached an agreement to introduce eight E190-E2 and E195-E2 jets into its operations, with deliveries starting in the 4Q23. All three agreements involved contracts with the leasing company Azorra.

Aerial view of the Singapore landmark financial business district at twilight sunset scene with skyscraper and beautiful sky. Singapore downtown

In Executive Aviation, NetJets signed a contract with Embraer for the acquisition of up to 250 Praetor 500 jet options. The deal is valued at more than US$ 5 billion, and deliveries are expected to begin in 2025.

Air France-KLM enters into discussions with Apollo Global Management for financing

July 30, 2023 / WIL BALDWIN

Air France-KLM (OTC: AFLYY) today announces that it has entered into exclusive discussions with Apollo Global Management (NYSE: APO) regarding the potential financing of E1.5bn to a dedicated operating affiliate of Air France-KLM. This entity will hold the trademark and most of the commercial partner contracts related to Air France and KLM’s joint loyalty program “Flying Blue”, and will become the exclusive issuer of miles for the airlines and partners.

This financing would be non-dilutive, structured through a quasi-equity instrument, similarly to those raised by Air France on a pool of spare engines in July 2022 and maintenance activity components in July 2023. Under this agreement, Apollo-managed funds would subscribe to perpetual bonds issued by this dedicated operating affiliate of Air France-KLM.

This financing would be accounted as equity under IFRS, allowing Air France-KLM to make a further step towards its commitment to restore its equity and strengthen its balance sheet, aside from net profit generation and/or straight hybrid bonds.

The contemplated structure related to this financing would incur no change on the operation of the program vis-à-vis the Flying Blue members, no change on social aspects nor Air France, KLM or Air France-KLM employee’s contracts.

Air France-KLM would pursue managing and operating its loyalty program and Air France and KLM would keep full ownership rights of the Flying Blue customer database.

Airbus Receives First A320 Flight Hour Services Maintenance Contract in Europe

October 24, 2021 / WIL BALDWIN

Finnair has selected Airbus’s Flight Hour Services (FHS) to support its entire A320 Family fleet (35 aircraft), thus becoming the first European FHS customer for an A320 fleet.

Following recent contracts in Asia Pacific and the Middle East region, this first FHS agreement from Europe demonstrates the growing trust placed in Airbus’ maintenance by the hour services by airlines around the world, both for widebody and single aisle fleets.

Finnair will benefit from integrated material services including on-site-stock at their main base in Helsinki, access to Airbus’ mutualised spares pools and components engineering and repair services around the world. The FHS contract covers ‘nose to tail’ material services including for engine components.

Airbus will guarantee spare parts availability, generating value through increased fleet availability and operating maintenance costs savings.

The global Airbus fleet covered by FHS has increased by more than 25% over the past two years confirming the relevancy of flexible, power-by-hour solutions for airlines to secure efficient operations and contain costs.

Finnair is a long-standing Airbus customer. The airline is operating Airbus A320 Family aircraft on its network in Europe and Airbus A330 and A350 on long-haul flights.

Embraer and CommutAir Announce Pool Program Agreement

July 19, 2021 / WIL BALDWIN

Embraer has signed a long-term Pool Program agreement with CommutAir, a United Express carrier, to support the airline’s ERJ 145 jet fleet. This new contract includes full repair coverage for components and parts, as well as access to a large stock of components at Embraer’s distribution center in Fort Lauderdale, Florida. Currently, the Pool Program supports more than 50 airlines worldwide.

With a total of 168 aircraft under lease, CommutAir now maintains the largest ERJ 145 fleet in the world, recently becoming the sole regional partner to operate the ERJ145 for United Airlines. Under this agreement, CommutAir and United will consolidate their ERJ 145 spare component inventory with Embraer’s Pool program to improve stock levels and reliability. In April 2021, CommutAir selected Embraer Aircraft Maintenance Services (EAMS) in Macon, Georgia, as one of its primary heavy maintenance providers for the airline’s fleet of ERJ145 aircraft. The agreement includes airframe maintenance, modifications and repair services.

Embraer’s Pool Program is designed to allow airlines to minimize their upfront investment on high-value repairable inventories and resources and to take advantage of Embraer’s technical expertise and its vast component repair service provider network. The results are significant savings on repair and inventory carrying costs, reduction in required warehousing space, and the virtual elimination of the need for resources required for repair management, while ultimately providing guaranteed performance levels.

Cathay Pacific and HK Express Select Airbus Flight Hour Services to Support A320 Fleets

June 22, 2021 / WIL BALDWIN

Cathay Pacific Airways and HK Express have signed contracts for Airbus’s Flight Hour Services (FHS) to provide support for their A320 Family fleets. These extend the service relationship with Cathay Pacific and welcome HK Express as a new FHS customer.

The multi-year, maintenance-by-the-hour contracts cover integrated component services, including on-site stock, pool access, and repair services. The airlines will also benefit from Airbus’s engineering expertise and FHS local representatives in Hong Kong.

Airbus has finalised 11 FHS contracts with operators worldwide over the last six months. The latest contract agreements demonstrate the continued interest in Airbus’s integrated maintenance service, proving more relevant than ever in post-crisis times when airlines need to carefully monitor their costs and contain investments.

Embraer and Breeze Airways Announce Pool Program Agreement

May 10, 2021 / WIL BALDWIN

Embraer (NYSE: ERJ) has announced that it has signed a long-term Pool Program Agreement with the U.S. carrier Breeze Airways to support a wide range of repairable components for the airline’s E190s and E195s fleet. The agreement includes full repair coverage for components and parts, as well as access to a large stock of components at Embraer’s distribution center, which will support the start of the airline’s operation.

The program will provide the most efficient and reliable solutions to Breeze’s E-Jets fleet. The airline will benefit from the availability of spare parts, enjoy significant savings on repair and service costs, and maintain a profitable operation. Currently, the Pool Program supports more than 50 airlines worldwide.

Embraer’s Flight Hour Pool Program is designed to allow airlines to minimize their upfront investment on high-value repairable inventories and resources and to take advantage of Embraer’s technical expertise and its vast component repair service provider network. The results are significant savings on repair and inventory carrying costs, reduction in required warehousing space, and the virtual elimination of the need for resources required for repair management, while ultimately providing guaranteed performance levels.

Frontier Airlines Forms Pilot Pathway with ATP Flight School

January 25, 2021 / WIL BALDWIN

DENVER – Jan. 25, 2021 – Frontier Airlines and ATP Flight School have formed a “Frontier Direct Program” targeting ATP graduates and CFIs for employment as Frontier Airlines First Officers.

In the Frontier Direct Program, ATP graduates and instructors progress from ATP straight to the flight deck at Frontier after enhanced ATP CTP training that includes additional Airbus A320 full-motion flight simulator experience. The new partnership offers pilots an accelerated path to a rewarding career with Frontier while providing Frontier access to a high-quality pool of qualified pilot applicants, dedicated future employees, and advocates of the Frontier brand.

After completing flight training in ATP’s Airline Career Pilot Program, graduates gain flight experience with ATP as paid flight instructors. Between 1250-1500 hours total flight time, recommended instructors interview with Frontier Airlines. After the candidate selection and interview process with Frontier, applicants receive a Conditional Offer of Employment and continue working towards 1,500 hours of flight experience with ATP. Once ready to transition to Frontier, pilots attend the enhanced ATP CTP course. This tailored course with ATP utilizes full-motion Airbus A320 simulator training to prepare pilots for success at Frontier.

“We appreciate Frontier Airlines collaborating with ATP,” said Justin Dennis, President of ATP. “This program is a tremendous career opportunity for ATP graduates, while helping Frontier access a pool of highly qualified, professional pilots who appreciate the opportunity to fly for Frontier.”

Added Brad Lambert, Vice President of Flight Operations for Frontier Airlines, “Frontier is proud to partner with premier flight schools such as ATP to ensure the quality of our future pilot supply. We have been impressed with the caliber of candidates we have seen. Coordinating with ATP to enhance their jet transition program helps to evaluate and improve on the skill set required to be a safe and successful airline pilot.”

Four ATP graduates have already completed the program in a proof of concept started in 2020. All four pilots have been flying the line with Frontier after successfully completing new-hire training and IOE.

First Officer Walter Copeland III was one of the first participants in the Frontier Direct Program, transitioning from ATP to Frontier in Feb 2020. Walter began flying as a first officer in Jun 2020 – just 29 months after starting training with ATP.

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