Market Intelligence: -Airline Aircraft Orders

Dubai-based Airline Signs Wet Lease Agreement with Czech Republic-based Airline

flydubai, the Dubai-based airline, announced its new agreement with Smartwings, the Czech Republic-based airline, to wet lease four Next-Generation Boeing 737-800 aircraft between 17 October 2023 and 16 April 2024.

The Aircraft, Crew, Maintenance and Insurance (ACMI) agreement with Smartwings will see four-leased aircraft support flydubai’s fleet of 79 Boeing 737 aircraft, enabling the carrier to add more capacity for its passengers and cater to demand for travel during busy travel periods.

Commenting on the agreement, Ghaith Al Ghaith, Chief Executive Officer at flydubai, said: “We are pleased to confirm this new wet lease agreement with Smartwings, this marks our third agreement with the carrier since 2019. Smartwings, an IOSA (IATA Operational Safety Audit) certified company, is well-experienced in ACMI agreements. The leasing of four additional aircraft will enable us to maintain our operational efficiency, add capacity around our network and minimise any potential disruption to our passengers during one of the busiest travel periods of the year.”

flydubai currently operates a single-fleet type of Boeing 737 aircraft that includes 30 Next-Generation Boeing 737-800, 46 Boeing 737 MAX 8 and three Boeing 737 MAX 9.

“We are delighted to have signed our third ACMI wet lease agreement with flydubai. This cooperation, which we greatly value, will allow us to achieve a higher utilisation of our aircraft and provide our qualified employees with more opportunities during the winter season,” says Jiri Juran, Chairman of the Board of Directors, Smartwings.

The all-Economy Class aircraft will operate on select routes on the flydubai network including Chattogram, Colombo, Dhaka, Karachi and Muscat. ​

About Smartwings

Smartwings has been on the airline market for 26 years. Smartwings is the largest Czech airline belonging to Smartwings Group. Smartwings operates scheduled flights, charter flights, private flights of business jet and ACMI leases. Besides scheduled and charter flights, Smartwings also provides a wide range of special flights for renowned international companies, major humanitarian, and sports organizations worldwide. Smartwings Group aircraft fly to more than 200 airports around the world. Smartwings has repeatedly passed the IATA Operational Safety Audit (IOSA). Smartwings Group operates a fleet of 43 airplanes.

About flydubai

From its home in Dubai, flydubai has created a network of more than 115 destinations served by a fleet of 79 aircraft. Since commencing operations in June 2009, flydubai has been committed to removing barriers to travel, creating free flows of trade and tourism and enhancing connectivity between different cultures across its ever-expanding network.

Source: flydubai Press Release
Photo Credit: Smartwings

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Embraer Deliveries Increase 47% in 2Q23 Totaling 17 Commercial and 30 Executive Jets

Embraer delivered a total of 47 jets in the second quarter of 2023, of which 17 were commercial aircraft and 30 were executive jets (19 light jets and 11 midsize jets). During the year, the company delivered a total of 62 aircraft (24 commercial and 38 executive). The second quarter deliveries were 47% higher than in the same period from 2022. In the first half of 2023, the volume has increased 35% compared to 2022, when 46 jets have been delivered. Compared to the second quarter of 2022, deliveries volume increased by 55% in Commercial Aviation and 43% in Executive Jets. The firm order backlog ended the period at US$ 17.3 billion.

In Commercial Aviation, American Airlines signed a firm order with Embraer for seven new E175s. The aircraft will be operated by the subsidiary Envoy Air. With deliveries to begin 4Q23, Envoy’s fleet of E-Jets will grow to over 141 aircraft by the end of 2024. Embraer also received a firm order from Binter for six E195-E2s, which will bring Binter’s E2 fleet to 16 jets when deliveries are completed. This order will be included in Embraer’s backlog once all contractual contingencies are cleared.

Malaysia’s SKS Airways closed an agreement to add ten E195-E2 jets to its fleet. In addition, SKS joined the Pool Program to support aircraft to be operated in Southeast Asia. Scoot, a lowcost subsidiary of Singapore Airlines, is also adding nine E190-E2s to its portfolio. And Royal Jordanian Airlines reached an agreement to introduce eight E190-E2 and E195-E2 jets into its operations, with deliveries starting in the 4Q23. All three agreements involved contracts with the leasing company Azorra.

Four E175s began to operate with Star Air, an Indian airline that already operates E-Jets. Star Air has also extended its Pool Program contract to include the E175s in its fleet.

In addition to Star Air and SKS Airways, Embraer Services & Support signed Pool Program contract extensions with Rex Group (Australia) and Amelia (France). Another highlight of the quarter for the business unit was the announcement of 20 E-Jets P2F for the Lanzhou Group. This is the first Embraer P2F agreement in China.

In Executive Aviation, NetJets signed a contract with Embraer for the acquisition of up to 250 Praetor 500 jet options. The deal is valued at more than US$ 5 billion, and deliveries are expected to begin in 2025.

For Embraer Defense & Security, a Memorandum of Understanding was signed with Saab to position the C-390 Millennium as the preferred solution for the tactical air transport requirements of the Swedish Air Force and in the search for opportunities for potential Gripen customers in Latin America.

About Embraer

A global aerospace company headquartered in Brazil, Embraer (NYSE: ERJ; B3: EMBR3) completes 50 years of operations in the Commercial Aviation, Executive Aviation, Defense & Security, and Agricultural Aviation segments. The Company designs develops, manufactures, and markets aircraft and systems, in addition to providing after-sales Services & Support to customers.

Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. On average, every 10 seconds an aircraft manufactured by Embraer takes off from somewhere in the world, transporting more than 145 million passengers annually.

Embraer is the leading manufacturer of commercial jets with up to 150 seats and the main exporter of high value-added goods in Brazil. The company maintains industrial units, offices, service centers, and parts distribution, among other activities, in the Americas, Africa, Asia, and Europe.

Source: Embraer Press Release
Photo Credit: Embraer (shown as meta image)

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Aircraft Manufacturer Bombardier Delivers 29 Aircraft in Second Quarter

Bombardier had 29 deliveries during the second quarter which is one more aircraft than the same period last year and has a solid line of sight to reach the overall 2023 guidance of greater than 138 deliveries, the business jet manufacturer announced in its second quarter 2023 financial results.

The results signals continued progress on all business fundamentals and performance on track toward reaching 2023 full-year guidance.

“Bombardier delivered a very strong second quarter. Our team successfully navigated a highly dynamic business environment that saw sustained demand for new and pre-owned jets, as well as steady service growth, all while supply chain pressure persisted,” said Éric Martel, President and Chief Executive Officer, Bombardier. “We continue to progress on our positive trajectory by delivering remarkable growth in profitability, propelled by a strong adjusted EBITDA increase and margin expansion, as well as a positive adjusted net income and earnings per share. Thanks to our team’s tremendous work, we boosted our revenues this quarter by 8 % year-over-year, driven in part by an exceptional 19% year-over-year aftermarket revenue increase.”

Bombardier is a global leader in aviation, focused on designing, manufacturing, and servicing the world’s most exceptional business jets.

Source: Excerpts from Bombardier Press Release
Photo Credit: Bombardier (shown as meta image)

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