Reading Time: < 1 minute Embraer and Republic Airways, the world’s largest E-Jet operator, have signed a contract for a firm order of 100 E175 jets. This agreement was announced as a Letter of Intent (LoI) at the Farnborough Airshow, in July. The firm order has a value of USD 4.69 billion, based on current list prices, and will be […]

Reading Time: < 1 minute Republic Airways plans to lay off 161 workers at its Port Columbus facility and close its heavy maintenance operation there as it continues to reorganize after its Chapter 11 bankruptcy filing this year. Republic operates commuter-jet flights on behalf of the major airlines. In a letter to the Ohio Office of Workforce Development, the airline […]

Reading Time: 2 minutes Brazilian manufacturer Embraer reported net income of $80.8 million for 2015, down 76.8% from the company’s $347.7 million net profit in 2014. Embraer’s 2015 revenue was $5.93 billion, down 5.7% year-over-year (YOY) from the manufacturer’s 2014 revenue of $6.29 billion. Embraer’s operating expenses for the year fell 2.6% YOY to $5.6 billion, resulting in operating profits […]

Reading Time: < 1 minute Republic Airways, which operates regional flights for Delta, American and United, announced recently that it is going through Chapter 11 bankruptcy. While an airline going bankrupt is not unusual news, the reason behind the announcement is. The airline blamed its problems on a shortage of pilots. “Our filing today is a result of our loss […]