While Airbus and Boeing padded their already bulging backlogs with billions of dollars worth of deals during June’s Paris Air Show, manufacturers traditionally involved in the regional airliner market walked away from Le Bourget with some rather impressive order and commitment tallies of their own.
Republic Airways Holdings
Former Frontier Airlines boss Sean Menke will succeed Phil Trenary as CEO of Memphis-based Pinnacle Airlines, the regional carrier announced in late May. A managing partner at Denver-based Vista Strategic Group, Menke assumes his new duties on July 1. Trenary resigned his position on March 24, leaving interim leadership of the company to chairman of the board Donald Breeding. Menke also becomes a member of the company’s board of directors.
Another day, and plenty more dollars. The second day of the 2011 Paris Air Show saw yet more major orders for airliners and the engines that power them.
Embraer yesterday bypassed an opportunity to firm up its intentions in the widening campaign to challenge the dominance of Boeing and Airbus in the single-aisle airliner sector. But the Brazilian airframer also passed a major milestone here in Paris with announcements of 37 orders and options that will take total orders for the E-Jet family over the 1,000-aircraft mark.
They went to Geneva hoping to go home in a better mood, and many of them will have done so, based on the uplifting experience Ebace delegates had at this year’s show (May 17 to 19). After a couple of years in which the prevailing vibe at the European bizav clan’s annual gathering has been one of mutual commiseration, Ebace 2011 delivered tangible evidence of recovery.
For the first time in the 36-year history of the RAA a sitting DOT Secretary visited the association’s annual convention, as Ray LaHood made the trip to Nashville last month to deliver one of the most upbeat keynote addresses heard by delegates to the spring get-together in several years.
An amendment to Republic Airways’ capacity purchase agreement with Delta Air Lines will allow it to add six dual-class Embraer E170s to the Delta Connection network, Republic announced in late April. The move follows a previously announced amendment in January that added eight Republic E170s to its Delta capacity purchase agreement.
If the business aviation industry is experiencing a recovery, it is by most indications a stumbling affair, with new markets leading the way.
In early May, JPMorgan described business aviation’s progress toward a recovery as “uneven.” In its May Business Jet Monthly report, the firm took note of a “post-recession low” in the inventory of used jets for sale, but also an overall drop in used aircraft prices.
Indianapolis-based Republic Airways signaled an interest in acquiring Airbus A320neos last week, when the airline’s vice president and corporate controller, Joe Allman, said the airline spent $8 million during this year’s first quarter on a so-called placeholder deposit for the re-engined A320-family jets.
A supply-chain interruption involving Japanese engine parts supplier IHI will force Embraer to delay delivery of at least six E190s to Indianapolis-based Republic Airways. The six E190s on firm order, scheduled for delivery in the third and fourth quarters of 2011, will arrive some two months late, Republic CEO Bryan Bedford said during a Tuesday conference call.