Embraer has finalized a contract for the sale of 20 E190ARs to Austral Lineas Aereasof Argentina, the Brazilian manufacturer announced last month. Originally disclosed in May 2009, the contract remained conditional on “several requirements,” all of which the parties recently met.
Embraer has finalized a contract for the sale of 20 E190ARs to Austral Lineas Aereas of Argentina, the Brazilian manufacturer announced on Friday. Originally disclosed in May 2009, the contract remained conditional on “several requirements,” all of which the parties recently met.
Argentine president Cristina Fernandez de Kirchner hosted Embraer executive vice president Mauro Kern yesterday at the Argentine Presidential Palace during a ceremony marking the planned sale of 20 Embraer 190ARs to Buenos Aires-based Austral Airlines.
Argentina’s economic crisis has created a unique business experience for the country’s national flag carrier, Aerolíneas Argentinas. Over the past three years the country has been mired in recession, prompting many businesses to cut costs or risk bankruptcy. The cost-cutting measures, which forced more than 200 companies to dispose of their business jets last year alone, prompted Aerolíneas Argentinas to enter the executive jet market.
Aerolineas Executive Jet, the new business aviation subsidiary of Aerolineas Argentinas, is tentatively scheduled for a late-2003 launch. The first aircraft will be a VIP-modified Boeing 737-200 from the Argentinian flag carrier’s airline fleet that had been taken out of service. The interior components for the refurb project are being manufactured by U.S. completion and refurb specialist CompletionAir in St. Louis.
With two straight years of 8-percent economic growth, Argentina appears to be on the road to recovery, as does the country’s flag carrier airline, Aerolíneas Argentinas. After several difficult years, Aerolíneas, which recently made its final payment to creditors to exit bankruptcy protection, is preparing an aggressive expansion plan that includes adding two new aircraft to its executive charter fleet by the middle of next year.
CasaAero, a joint venture between Boeing’s Alteon training division and national airline Royal Air Maroc, celebrated the official grand opening of its facility at Aeroport Casa-Anfa last Wednesday. The partners are developing the facility in Casablanca as a regional center for commercial pilot training.