Bombardier released its third quarter 2013 financial results this morning with most of its numbers showing a slight decline in comparison with the same period last year. Revenues for the corporation as a whole totaled $4.1 billion at the end of the quarter on September 30, compared to $4.2 billion for the same fiscal quarter last year. Bombardier Aerospace accounted for $2 billion in the quarter, compared to $2.3 billion last year.
Republic Airways Holdings
Clay Lacy Aviation (Booth No. N5115) has added 15 more aircraft to its managed and charter fleets so far in the second half of 2013. The Van Nuys, Calif.-based company said that the additions represent the highest rates of growth in those fleets since the company was founded in 1968 and suggested that it is a strong signal of a resurgent business jet market, especially in Southern California.
A ceremony commemorating the delivery of the 1,000th Embraer E-Jet last Friday not only gave the Brazilian company a chance to celebrate the success of the past 10 years, but also to offer a glimpse at what it hopes proves an equally auspicious future. An E175 painted in American Eagle livery, the 1,000th airplane went to long-time customer Republic Airways. The company placed an order for 47 of the 76-seat airplanes at the beginning of the year and holds options on another 47.
FlightSafety International has signed a new eight-year training services agreement with Republic Airways, the companies announced last month.
Indianapolis-based Republic Airways subsidiary Republic Airlines launched its first Embraer E-Jet service as an American Eagle affiliate on August 1, flying 76-seat E175s from Chicago O’Hare International Airport to Albuquerque International Sunport, Louis Armstrong New Orleans International Airport and Pittsburgh International Airport. Operating the E175s under a 12-year capacity purchase agreement with American Airlines, Republic expects delivery of two or three of the airplanes each month until Embraer fills its order for 47 by the first quarter of 2015.
The U.S. Justice Department pointed to what most in the airline industry would consider fairly innocuous comments by US Airways executives as evidence of how consolidation has harmed the flying public by resulting in higher airfares and reduced service.
It specifically cited US Airways president Scott Kirby’s remarks that consolidation has allowed for “three successful fare increases.”
Austria’s FACC and Belgium’s Sonaca have each won contracts to supply parts of the all-new wings for the Embraer E2 jets, as the program continues to gain momentum since its launch at June’s Paris Air Show. Under the terms of the contracts, FACC will design and build composite ailerons and spoilers, while Sonaca takes responsibility for the airplanes’ carbon-fiber flaps and metallic slats.
International Lease Finance Corporation (ILFC) has finalized an order for the purchase of 50 E2 E-Jets from Embraer, including 25 E190-E2s and 25 E195-E2s, the Los Angeles-based AIG subsidiary announced Wednesday. The order, originally announced as a letter of intent at last month’s Paris Air Show, also includes options for another 50 airplanes.
Industry wisdom that civil aerospace is continuing its super-boom while defense prospects waiver was clearly confirmed in the headlines from last month’s Paris Air Show (June 17 to 23). The 50th staging of the biennial event was dominated by yet more airliner orders, plus breakthroughs in new aircraft coming to market and significant deliveries.
Officials for the International Brotherhood of Teamsters charged Republic Airlines management last month with violating training rules and the recommendations of its FAA check airmen by firing the president of the carrier’s local Teamsters chapter, Craig Moffatt. In retaliation, the Teamsters pulled union volunteers involved in joint safety programs, crew scheduling, training and other functions for all three of Republic Airways’ regional subsidiaries–Republic Airlines, Chautauqua Airlines and Shuttle America.
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