St. George, Utah-based SkyWest announced today that it has completed its acquisition of Houston-based ExpressJet Holdings. Under the terms of the $133 million transaction, ExpressJet Airlines becomes a wholly owned subsidiary of Atlanta-based Atlantic Southeast Airlines (ASA), itself a unit of SkyWest.
Embraer ERJ 145 family
While the industry downturn has affected airframers in different ways, in terms of deliveries, Brazil’s Embraer has managed to avoid the decline in output that has beset its North American competitors.
A new market forecast by the Moscow-based Central AeroHydroDynamics Institute predicts that the number of Russian-registered business aircraft could exceed 600 by around 2023 to 2025. Today, many aircraft owned by Russian individuals and companies are registered offshore to avoid the bureaucratic and tax restrictions that would be imposed if they were registered in Russia.
Ten years after Embraer began doing business in China by setting up a representative office in Beijing, it has established its first wholly owned subsidiary there. Embraer China Aircraft Technical Services Company (ECA) is based in Beijing, and the company anticipates investing as much as $18 million.
The consolidation of the regional airline industry continued unabated last month, as St. George, Utah-based SkyWest revealed plans to acquire Houston-based ExpressJet. The $133 million transaction will involve a direct purchase by SkyWest's Atlanta-based subsidiary, Atlantic Southeast Airlines (ASA), of all of ExpressJet's common shares for $6.75 each in cash.
Rolls-Royce received type certification from Brazil's ANAC and EASA for the AE3007A2, the latest model in the AE3007 series. The 9,440-pound-thrust engine, which powers Embraer's new super-midsize Legacy 650, received FAA approval in April. All engine development testing has been successfully completed and as of August 11 four engines had achieved more than 300 flying hours and cycles on two flight-test aircraft.
São Paulo, Brazil-based Embraer today said it delivered 69 regional and executive jets in the second quarter, up 15 aircraft from the same period last year. Shipments of Embraer’s executive jets more than doubled from 19 in the second period last year to 40 this year, while regional jet deliveries fell from 35 to 29.
Some 30 U.S. airports risk losing their last regional airline flights unless they take “critical steps” to better balance revenue, cost and compensation rates, according to a report published earlier this year by San Diego-based aviation consultancy Innovation Analysis Group (IAG).
The Federal Aviation Administration has proposed a $348,000 civil penalty against Republic Airways subsidiary Chautauqua Airlines for its alleged failure to perform inspections required by five different FAA airworthiness directives (ADs).