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.
Republic Airways Holdings
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.
US Airways announced last month it would add first-class seating and service on 110 US Airways Express regional jets operated by Republic Airways, Mesa Air Group and PSA. Plans call for the airline to install first-class seating on Embraer E170s and E175s, along with Bombardier CRJ700s and CRJ900s, beginning in October with the E175 fleet. It expects to finish outfitting the three remaining types by the end of January.
US Airways yesterday announced it would add first-class seating and service on 110 US Airways Express regional jets operated by Republic Airways, Mesa Air Group and PSA. Plans call for the airline to install first-class seating on Embraer 170s and 175s, along with Bombardier CRJ700s and CRJ900s, beginning in October with the E175 fleet. It expects to finish outfitting the three remaining fleet types by the end of next January.
Republic Airways said it has amended its capacity purchase agreement (CPA) with Delta Air Lines to provide for the addition of eight dual-class Embraer E170s for a period of at least six years. Republic plans to place the 70-seat jets into Delta Connection service between May and September, after removing them from its Frontier Airlines system.
Czech-based aircraft management and charter operator ABS Jets is seeking to step up its ambitious expansion plans through negotiations with prospective Russian and Austrian partners. The company hopes to establish a new subsidiary in the Ukrainian capital, Kiev, as well as a possible new operation in Kazakhstan. At the same time, ABS has been negotiating for a prospective tie-up with an FBO in Sofia, Bulgaria.