E175

American Airlines places orders for Airbus, Boeing and Embraer aircraft

Retrieved on: 
Monday, March 4, 2024

American orders 85 Airbus A321neo, 85 Boeing 737 MAX 10 and 90 Embraer E175 aircraft.

Key Points: 
  • American orders 85 Airbus A321neo, 85 Boeing 737 MAX 10 and 90 Embraer E175 aircraft.
  • Narrowbody orders complement existing orders of Boeing 787-9 and Airbus A321XLR long-haul aircraft.
  • FORT WORTH, Texas, March 04, 2024 (GLOBE NEWSWIRE) -- American Airlines today announced orders for 260 new aircraft, including 85 Airbus A321neo, 85 Boeing 737 MAX 10 and 90 Embraer E175 aircraft.
  • As part of the Boeing order, American has upgauged 30 existing 737 MAX 8 orders to 737 MAX 10 aircraft.

SkyWest Secures Agreement to fly 20 Additional E175s for United

Retrieved on: 
Sunday, March 3, 2024

SkyWest, Inc. (NASDAQ: SKYW) is pleased to announce a new flying agreement with United Airlines to place 20 partner-financed E175s under a four-year contract.

Key Points: 
  • SkyWest, Inc. (NASDAQ: SKYW) is pleased to announce a new flying agreement with United Airlines to place 20 partner-financed E175s under a four-year contract.
  • The 20 E175s will join the SkyWest fleet throughout 2024.
  • This agreement is in addition to the previously announced 19 SkyWest-owned E175 agreement with United.
  • “We’re delighted to continue enhancing our United partnership and pleased that we’re able to deliver on the strong market demand,” said Chip Childs, President & CEO of SkyWest.

GA Telesis MRO Services Expands Landing Gear Repair Capability with Addition of E-JET E175 Capability to Complete Full Support of All Embraer E-JETS

Retrieved on: 
Tuesday, February 27, 2024

FORT LAUDERDALE, Fla., Feb. 27, 2024 /PRNewswire/ -- GA Telesis ("GAT") , the pioneering leader in integrated aviation services, announces its MRO Services Component Repair Group has added Embraer E175 landing gear overhaul and repair capabilities to its existing suite of E170 , E190 and E195 aircraft platforms.

Key Points: 
  • FORT LAUDERDALE, Fla., Feb. 27, 2024 /PRNewswire/ -- GA Telesis ("GAT") , the pioneering leader in integrated aviation services, announces its MRO Services Component Repair Group has added Embraer E175 landing gear overhaul and repair capabilities to its existing suite of E170 , E190 and E195 aircraft platforms.
  • This latest addition marks a significant milestone for GAT, providing the Company's E-JET customers the opportunity to reduce the number of vendors and take advantage of the economies of scale.
  • The new repair capabilities will be performed at the existing FAA/EASA/CAAC-certified component repair facility located at Miami International Airport.
  • The addition of new E-JET landing gear capabilities represents a transformative leap forward for the GA Telesis Ecosystem.

SkyWest, Inc. Announces Fourth Quarter and Annual 2023 Profit

Retrieved on: 
Thursday, February 1, 2024

Commenting on the results, Chip Childs, Chief Executive Officer of SkyWest, said, “Our teams continued to generate an exceptional product this quarter.

Key Points: 
  • Commenting on the results, Chip Childs, Chief Executive Officer of SkyWest, said, “Our teams continued to generate an exceptional product this quarter.
  • Together, the SkyWest team achieved a record 300 days of 100% controllable completion in 2023.
  • As of December 31, 2023, SkyWest had $91 million of remaining availability under its current share repurchase program.
  • Total debt at December 31, 2023 was $3.0 billion, down from $3.1 billion at September 30, 2023 and $3.4 billion at December 31, 2022.

Alaska Airlines announces our 30th global airline partner, Porter Airlines

Retrieved on: 
Wednesday, December 13, 2023

SEATTLE, Dec. 13, 2023 /PRNewswire/ -- Alaska Airlines is welcoming a new global airline partner: Porter Airlines, a growing Canadian carrier that begins its inaugural nonstop service between Toronto and both Los Angeles and San Francisco in January. Those flights, along with flights connecting on Alaska across our West Coast network, can be purchased later today at alaskaair.com. Mileage Plan members who buy Porter flights on our website also earn at least 100% of the miles flown and 100% elite-qualifying miles.

Key Points: 
  • Those flights, along with flights connecting on Alaska across our West Coast network, can be purchased later today at alaskaair.com .
  • "Porter Airlines opens new opportunities for our guests to travel to Canada in style," said Brett Catlin, vice president of loyalty, alliances and sales at Alaska Airlines.
  • "Alaska and Porter emphasize service excellence on each and every flight, so this partnership is a natural fit for our passengers."
  • Porter is Alaska's 30th global partner airline.

Alaska Air Group rated investment grade by Moody's Investors Service in initiation of coverage

Retrieved on: 
Thursday, November 9, 2023

SEATTLE, Nov. 9, 2023 /PRNewswire/ -- Moody's Investors Service has rated Alaska Air Group with an investment grade credit rating in their initial assessment of the airline, citing the company's "strong business profile and conservative financial policy."

Key Points: 
  • Strong rating illustrates Moody's confidence in Alaska's financial strength, disciplined cost management, operational excellence, and increasing global presence
    SEATTLE, Nov. 9, 2023 /PRNewswire/ -- Moody's Investors Service has rated Alaska Air Group with an investment grade credit rating in their initial assessment of the airline, citing the company's "strong business profile and conservative financial policy."
  • The agency assigned Alaska a rating of "Baa3," which signals that the airline is a stable and good investment.
  • In a release announcing Alaska's investment grade rating, Moody's stated "Alaska's operations have produced a very competitive, if not leading, operating margin for several years.
  • It has also allowed Alaska to produce industry-leading profit margins even in challenging years – benefiting shareholders through returns and employees through payout programs.

SkyWest, Inc. Announces Third Quarter 2023 Profit

Retrieved on: 
Thursday, October 26, 2023

As of September 30, 2023, SkyWest had $136 million of remaining availability under its current share repurchase program.

Key Points: 
  • As of September 30, 2023, SkyWest had $136 million of remaining availability under its current share repurchase program.
  • Revenue was $766 million in Q3 2023, down $23 million, or 3%, from $789 million in Q3 2022.
  • SkyWest had $820 million in cash and marketable securities at September 30, 2023, down from $862 million at June 30, 2023 and $1.0 billion at December 31, 2022.
  • Total debt at September 30, 2023 was $3.1 billion, down from $3.2 billion at June 30, 2023 and $3.4 billion at December 31, 2022.

BermudAir Launches as Bermuda's Boutique Airline

Retrieved on: 
Thursday, August 24, 2023

HAMILTON, Bermuda, Aug. 24, 2023 /PRNewswire/ -- BermudAir makes history today, launching as the first Bermuda-based airline with year-round service and catering to business and tourism needs with comfort, connectivity, and convenience. Tickets go on sale today for BermudAir's first three direct routes between Bermuda L.F. Wade International Airport (BDA) and Boston Logan International Airport (BOS); Fort Lauderdale-Hollywood International Airport (FLL); and Westchester County Airport (HPN), conveniently located near New York City. Service connecting BDA to BOS and HPN commences on August 31, with service to FLL beginning on September 22.

Key Points: 
  • "We are excited to launch BermudAir as Bermuda's first carrier, maintaining our commitment to start filling seasonal service gaps and establish frequency of service to and from the island this fall," said BermudAir Founder and CEO Adam Scott.
  • BermudAir will provide a distinguished level of onboard service, offering travellers freshly prepared light meals and beverage selections from local partners on the island.
  • "With the launch of a new airline in Bermuda, there's a sense of anticipation and opportunity in the air.
  • The executive team at BermudAir brings decades of commercial airline experience, including with United Airlines, British Airways, Virgin Atlantic and Silverjet.

SkyWest, Inc. Announces Second Quarter 2023 Profit

Retrieved on: 
Thursday, July 27, 2023

The current share repurchase program authorized by the SkyWest Board of Directors in May 2023 had $186 million of remaining availability as of June 30, 2023.

Key Points: 
  • The current share repurchase program authorized by the SkyWest Board of Directors in May 2023 had $186 million of remaining availability as of June 30, 2023.
  • Revenue was $726 million in Q2 2023, down $73 million, or 9%, from $799 million in Q2 2022.
  • SkyWest deferred recognizing $60 million of revenue during Q2 2023 compared to recognizing previously deferred revenue of $16 million during Q2 2022.
  • Total debt at June 30, 2023 was $3.2 billion, down from $3.3 billion at March 31, 2023 and $3.4 billion at December 31, 2022.

RTX's Collins Aerospace business signs MRO agreement with Envoy Airlines

Retrieved on: 
Wednesday, June 21, 2023

PARIS, June 21, 2023 /PRNewswire/ -- PARIS AIR SHOW -- RTX (NYSE: RTX) today announced its Collins Aerospace business has signed a FlightSense® flight-hour contract with Envoy Air.

Key Points: 
  • PARIS, June 21, 2023 /PRNewswire/ -- PARIS AIR SHOW -- RTX (NYSE: RTX) today announced its Collins Aerospace business has signed a FlightSense® flight-hour contract with Envoy Air.
  • Under the multi-year agreement, Collins will provide maintenance, repair and overhaul (MRO) services for a number of systems across Envoy's fleet of 128 Embraer E175 aircraft.
  • "Our new agreement with Envoy builds on our existing support for the airline's Embraer fleet, further expanding Collins' relationship with one of America's largest regional carriers," said Cory May, vice president, Aftermarket Business Development for Collins Aerospace.
  • "We're pleased to reach an agreement with Collins Aerospace to enhance our maintenance program as we serve thousands of customers every day," said John Nicks, Envoy senior vice president, Corporate Services.