Latest news with #E-2
Arabian Post
3 days ago
- Business
- Arabian Post
Ethiopian Airlines Eyes Fleet Expansion with Regional Jet Acquisition
Ethiopian Airlines is evaluating the procurement of 20 to 30 regional or small narrowbody jets to enhance its domestic operations and replace ageing aircraft, according to Chief Executive Officer Mesfin Tasew Bekele. The airline is considering three aircraft models: Embraer's E-2 series, Airbus's A220, and Boeing's 737 MAX 7. The final number of aircraft to be ordered will depend on the selected model. The 737 MAX 7, which offers a larger seating capacity, is still awaiting certification, posing a potential challenge to its selection. The A220 and E-2 series are already in service with other carriers, providing a more immediate deployment option. Ethiopian Airlines, Africa's largest carrier, is experiencing robust travel demand. However, it faces challenges due to delayed aircraft deliveries and engine shortages. The airline has three Boeing 787s grounded because of a lack of Rolls-Royce engines and five turboprop aircraft grounded due to a shortage of Pratt & Whitney engines. Maintenance delays have extended engine turnaround times from the typical three months to six months or more.
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Business Standard
3 days ago
- Business
- Business Standard
Ethiopian Airlines considering order for 20 regional jets, CEO says
Ethiopian Airlines is looking to order at least 20 regional or small narrowbody jets as it moves to expand its domestic fleet and replace some ageing aircraft, the airline's chief executive told Reuters on Monday. "We are evaluating three aircraft models, the E-2 from Embraer, the A220 from Airbus, and the 737 MAX 7 from Boeing," CEO Mesfin Tasew Bekele said in an interview. The final order quantity will depend on the type chosen, he added. Boeing's 737 MAX 7, which has a larger seating capacity and sits at the bottom of a larger category than the Airbus A220 and Embraer E-2, is yet to be certified. Africa's largest carrier is experiencing strong travel demand but has been constrained by jet delivery delays and the grounding of some aircraft due to engine shortages stemming from supply chain disruptions. "We are receiving airplanes from both Boeing and Airbus, but deliveries have been delayed, some by three months, some six months, some more," Bekele said on the sidelines of an annual IATA meeting of global airline leaders. The company is also in talks with lessors to bring onboard some jets to ease capacity constraints. The airline is among several facing grounded aircraft due to bottlenecks in engine maintenance plants. Ethiopian has three Boeing 787 widebody jets grounded due to a shortage of Rolls-Royce engines, with five turboprop aircraft grounded due to a shortage of RTX's Pratt & Whitney engines. "Normally engines were supposed to be repaired and returned in three months typically, but now it takes six months or even more to get them repaired and returned," Bekele said.
Time of India
3 days ago
- Business
- Time of India
Embraer sees lot of opportunities in India; in talks with IndiGo, Air India, ET Infra
Aviation 4 min read Embraer sees lot of opportunities in India; in talks with IndiGo, Air India Besides, the company is in talks with IndiGo and Air India to explore the possibility of selling its E-2 aircraft, which can have up to 146 seats.
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Business Standard
3 days ago
- Business
- Business Standard
Embraer sees lot of opportunities in India; in talks with IndiGo, Air India
Embraer sees a lot of opportunities in India in the commercial and business jets as well as military aircraft and eVTOL segments, its CEO Francisco Gomes Neto has said as the Brazilian seeks to strengthen its foot print in the fast growing Indian market. Besides, the company is in talks with IndiGo and Air India to explore the possibility of selling its E-2 aircraft, which can have up to 146 seats. To tap the opportunities, Embraer has set up a fully-owned Indian subsidiary with its corporate office in the national capital. In an exclusive interview to PTI in the national capital, Neto said the company will put in place a procurement team to explore opportunities in the Indian supply chain and look at the possibility of procuring components and services from India. The company is hiring people in India for government relations, communications, procurement and engineering, sales and marketing teams. Currently, there are nearly 50 Embraer aircraft and 11 aircraft types operating in India across commercial and business aviation, and defence segments. "India is the third largest market in aviation globally... we see a lot of opportunities for us in the future in this market for all the products we have, the different business units, commercial jets, business jets, military aircraft and eVTOLs. "That's why we want to really to deepen our collaboration with the country and this step of opening a subsidiary in India," Neto said. In the civilian aircraft space, Embraer planes are operated by regional carrier Star Air and entities are also using the company's business jets. On whether Embraer will look to set up a MRO (Maintenance, Repair and Overhaul) facility for civilian planes in India, Neto said it will depend on the aircraft orders. Raul Villaron, SVP Sales & Marketing and Head of Region for Asia Pacific at Embraer Commercial Aviation, told PTI that the company is in talks with IndiGo and Air India. A majority of the unserved markets in India are either too thin for the narrow-body aircraft or too long for turboprops. "So the E2 is right in the sweet spot," he said. E195-E2 jets can have up to 146 seats depending on the configuration. Villaron said earlier it was difficult for the company to enter the Indian market due to products in the past as the value proposition of E1 jets was more on trip cost versus seat cost. "Now we have the E2, which has a very competitive seat cost, which allows us to be more competitive in the Indian market," he said. Embraer has a significant presence in the Indian defence space. Last year, Embraer Defense & Security and Mahindra Defence Systems inked a Memorandum of Understanding (MoU) to evaluate the opportunity to jointly pursue the Indian Air Force's Medium Transport Aircraft (MTA) programme with the C-390 Millennium. The Embraer aircraft operated by Indian forces include the Legacy 600 aircraft used for the transportation of government officials and VIPs by the Indian Air Force (IAF) and Border Security Force (BSF), and also the Netra AEW&C aircraft based on the Embraer ERJ145 platform operated by the IAF. With respect to business jet segment, Neto said there will be much more opportunities with a few changes in the regulations. Globally, there is an increasing interest in eVTOL (electric Vertical Take Off and Landing) aircraft, which are also seen as a key solution for urban mobility. Neto is in the national capital to attend the annual general meeting of the International Air Transport Association (IATA). India and Brazil have a huge potential to grow the bilateral trade which is not that big now. "We see a lot of opportunities", not only because of the long term relationship between the two countries, but also because both are part of the BRICS, Neto said. "We expect that the global south will increase the collaboration... increase the trade between the countries," he added. The biggest market for Embraer, which achieved record revenues in 2024, is the United States. When asked about how much of a concern is the tariff uncertainties, he said tariffs are bringing a lot of complexity and costs for industry and the company is learning how to deal with it at this moment. "But we don't expect any change in the guidance we give to the market in terms of revenues, profit, and cash generation for 2025," he noted.
Time of India
3 days ago
- Business
- Time of India
Embraer sees lot of opportunities in India; in talks with IndiGo, Air India
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Embraer sees a lot of opportunities in India in the commercial and business jets as well as military aircraft and eVTOL segments, its CEO Francisco Gomes Neto has said as the Brazilian seeks to strengthen its foot print in the fast growing Indian the company is in talks with IndiGo and Air India to explore the possibility of selling its E-2 aircraft, which can have up to 146 tap the opportunities, Embraer has set up a fully-owned Indian subsidiary with its corporate office in the national an exclusive interview to PTI in the national capital, Neto said the company will put in place a procurement team to explore opportunities in the Indian supply chain and look at the possibility of procuring components and services from company is hiring people in India for government relations, communications, procurement and engineering, sales and marketing there are nearly 50 Embraer aircraft and 11 aircraft types operating in India across commercial and business aviation, and defence segments."India is the third largest market in aviation globally... we see a lot of opportunities for us in the future in this market for all the products we have, the different business units, commercial jets, business jets, military aircraft and eVTOLs."That's why we want to really to deepen our collaboration with the country and this step of opening a subsidiary in India," Neto the civilian aircraft space, Embraer planes are operated by regional carrier Star Air and entities are also using the company's business whether Embraer will look to set up a MRO (Maintenance, Repair and Overhaul) facility for civilian planes in India, Neto said it will depend on the aircraft Villaron, SVP Sales & Marketing and Head of Region for Asia Pacific at Embraer Commercial Aviation, told PTI that the company is in talks with IndiGo and Air India.A majority of the unserved markets in India are either too thin for the narrow-body aircraft or too long for turboprops. "So the E2 is right in the sweet spot," he said.E195-E2 jets can have up to 146 seats depending on the said earlier it was difficult for the company to enter the Indian market due to products in the past as the value proposition of E1 jets was more on trip cost versus seat cost."Now we have the E2, which has a very competitive seat cost, which allows us to be more competitive in the Indian market," he has a significant presence in the Indian defence year, Embraer Defense & Security and Mahindra Defence Systems inked a Memorandum of Understanding (MoU) to evaluate the opportunity to jointly pursue the Indian Air Force's Medium Transport Aircraft (MTA) programme with the C-390 Embraer aircraft operated by Indian forces include the Legacy 600 aircraft used for the transportation of government officials and VIPs by the Indian Air Force (IAF) and Border Security Force (BSF), and also the Netra AEW&C aircraft based on the Embraer ERJ145 platform operated by the respect to business jet segment, Neto said there will be much more opportunities with a few changes in the there is an increasing interest in eVTOL (electric Vertical Take Off and Landing) aircraft, which are also seen as a key solution for urban is in the national capital to attend the annual general meeting of the International Air Transport Association (IATA).India and Brazil have a huge potential to grow the bilateral trade which is not that big now. "We see a lot of opportunities", not only because of the long term relationship between the two countries, but also because both are part of the BRICS, Neto said."We expect that the global south will increase the collaboration... increase the trade between the countries," he biggest market for Embraer, which achieved record revenues in 2024, is the United asked about how much of a concern is the tariff uncertainties, he said tariffs are bringing a lot of complexity and costs for industry and the company is learning how to deal with it at this moment."But we don't expect any change in the guidance we give to the market in terms of revenues, profit, and cash generation for 2025," he noted. PTI
