Flybe, the UK-based low-cost carrier that took delivery of its first Embraer E195 last month, plans to go public next year with the goal of raising between $141 million and $189 million. A spokesman at Dresdner Kleinwort, part of investment institution Dresdner Bank AG of London and Frankfurt, said the financial advisor will place the value of Flybe at between $283 million and $379 million.
Aviation International News » October 2006
Embraer celebrated delivery of its first E195 jetliner last month in an event at the company’s São José dos Campos headquarters that completed the Brazilian company’s line of E-Jets already in service–the E170, E175 and E190.
Rising load factors for the 30- to 120-seat segment are evidence that carriers are becoming more efficient. But with revenues improving only “mildly” and labor costs continuing to inhibit growth, operators continue to look for ways to trim the cost of doing business and to combat the rising price of fuel. That’s the view of Brazilian aircraft manufacturer Embraer as it takes a long-range look at its segment of the airline industry.
Progress on the Sukhoi Superjet 100 continues uninterrupted, despite the U.S. State Department’s inclusion of the airplane’s Russian manufacturer among seven companies sanctioned for violating the Iran Nonproliferation Act of 2000.
When the nation’s news media rounded up the pundits to comment on the possible causes of the August 27 crash of Comair Flight 5191, many could conjure reasonable speculation about why the 50-seat Bombardier CRJ100 jet lined up on Lexington Blue Grass Airport’s 3,500-foot Runway 26 rather than the main, 7,000-foot, Runway 22.
Swiss manufacturer Pilatus has appointed a new factory-authorized sales and service center for the PC-12 turboprop single in southern Africa. Two former South African Air Force pilots, Tim Webster and Gerry Wyss, established the new PC-12 Centre Southern Africa. Webster has also worked in aircraft charter, management and sales, while Wyss has previously worked for Pilatus in Switzerland.
South Africa’s National Airways is opening a new maintenance operation for business jets at Johannesburg Lanseria Airport. The Jet Centre facility officially opened on October 1 and it will primarily support Raytheon’s entire jet line, including current-production types and the full spectrum of British Aerospace HS.125s. National Airways claims it will offer a level of service previously available only in Europe and North America.
Citation modification specialist Sierra Industries of Uvalde, Texas, last month received an STC for its Stallion conversion, a Citation 500/501 powered by Williams FJ44-2A turbofans in place of the twinjet’s original Pratt & Whitney Canada JT15Ds.
A common admonition to investors is to regard a stock’s past performance as no guarantee of future results. On the macroeconomic level, however, general patterns prove more often true than not, especially over the long run.
The high price of oil means busy times for helicopter operators in northern Alberta, Canada, as the major oil companies such as Imperial Oil (ExxonMobil), Shell, Petro-Canada and Total remove it from the ground as fast as they can.