Republic Airways’ efforts to “restructure” its Indianapolis-based Chautauqua Airlines subsidiary appear to have yielded their intended results. During a November 1 conference call to discuss the company’s third-quarter earnings, Republic CEO Bryan Bedford reported that the regional airline holding company has found a way to mitigate future negative cash flows at Chautauqua by some $45 million over five years, largely by reaching new business agreements with several “key stakeholders ” and returning idled aircraft to revenue service.
Embraer ERJ 145 family
The NTSB has opened the public docket of another high-profile close call at a major airport, this one at Chicago’s O’Hare International (ORD) Airport. Just before noon on Aug.
More than 15 years after selling his Business Air commuter operation to British Midland Airways, Ian Woodley once again occupies the left seat as executive chairman of BMI Regional.
Embraer brought a newly completed example of its Lineage 1000 bizliner to Moscow’s Jet Expo show in a bid to build on the success it has already had in Russia with the super-midsize Legacy 600/650. Ernest Edwards, president of the Brazilian manufacturer’s Executive Jets division, declined to say whether the company has yet achieved any Lineage sales in Russia, but he insisted that the airplane is set to do well in a market that has favored larger aircraft. “There is no other aircraft in this segment that can carry 19 passengers and sells for $54 million,” he told AIN.
Embraer Executive Jets announced yesterday that the first part was milled last week for its Legacy 450, ushering in the start of the mid-light twinjet’s fabrication. The first part, an unspecified component of the forward fuselage, was milled from a block of aluminum alloy. Once completed, the part was approved by a quality control process that employed the use of laser devices for design validation with the digital mockup.
Residual value guarantees, superior hot-and-high capabilities and “outstanding” launch customer incentives all contributed to a decision by Mexico’s second-largest airline to take a “calculated risk” on the Sukhoi Superjet 100, Interjet CEO Jose Luis Garza told AIN during a visit to New York last week.
Embraer delivered 55 jets in the second quarter, composed of 35 airliners and 20 executive jets. Of the business jets, Embraer shipped 17 light jets and three large jets. Total deliveries for the first six months reached 89 aircraft–56 commercial and 33 executive jets–13 more than for the same period last year.
Embraer will soon freeze the design of its first purpose-built military transport, the KC-390, for tactical missions. Although the first flight is planned for 2014, some details remain sketchy. But at least the program seems well funded, with the Brazilian government providing most of the $2.2 billion needed for development.
An agreement signed this month between China and Embraer to build business jets at the Harbin Embraer Aircraft Industry facilities is limited to the Brazilian OEM’s Legacy 650.