Hardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 46 Posted (8 years 2 weeks 3 days 1 hour ago) and read 3127 times:
Brazil's fourth biggest airline BRA will announce today in a press conference the firm order of 40 x E195s, with an option of another 20 x E195s, making this Embraer's third major order in Le Bourget after JAL and LH announcements.
BRA's order has a face value of USD 1.5 billion. and delivery will start in 2008. The jets will have 118 Y seats and financing by the Brazilian Social and Economic Development Bank. BRA will be the only Brazilian airline using Embraer jets. Before the delivery start, BRA will lease 2 x E195 early in 2008. BRA will use the jets to explore the lucrative market between medium sized destinations in Brazil.
BRA will therefore increase competition in the Brazilian market where TAM and VARIG+GOL detain 95% of the domestic market share. BRA's received a major boost in December as it was taken over by a group of investors comprised of Brazil Air Partners - a fund of Bank of America, Gávea Investimentos, Development Capital, Goldman Sachs, HBK Investment and Millenium Americas. BRA is also launching an IPO in about three months.
Embraer and Brazilian airline BRA Transportes Aéreos have signed a preliminary commercial agreement for 20 firm orders of the EMBRAER 195 jet, plus 20 options. The final contract for this transaction should be finalized,shortly, by both companies.
And the portuguese version of the press release:
Embraer e a empresa aérea brasileira BRA Transportes Aéreos assinaram acordo comercial preliminar para a compra de 20 jatos EMBRAER 195, com mais 20 opções do mesmo modelo. O contrato definitivo relativo a essa transação deverá ser finalizado, em breve, pelas empresas.
Guess Valor Econômico's journalist got confused with the PR's header.
20 + 20. Which still a major step for brazilian aviation finally we'll have E-Jets flying commercial flights there.
As for the other 2 I was just reinforcing the info.
Summa767 From United Kingdom, joined Mar 2004, 2622 posts, RR: 6
Reply 11, posted (8 years 2 weeks 2 days 20 hours ago) and read 2421 times:
In the press releases, it says that BRA will acquire an extra 2 763s (Ex RG, PP-VOI and PP-VOJ) for flights to Spain, Portugal, Italy and Morroco (?!)
Given the alliance with OceanAir, I wonder if there is a combined strategy going forward, especially on long haul flights, or if each will do its own?
I would have thought that given the small number of 767s between the BRA and OceanAir, only of the two should run the lot. A slight inconvenient is that the engines OceanAir's are PW, whereas BRA's are GE as I understand it.
FMAL From Brazil, joined Jan 2004, 486 posts, RR: 1
Reply 12, posted (8 years 2 weeks 2 days 19 hours ago) and read 2347 times:
The new investors in BRA are major investment banks and funds, and that will bring a very professional approach to the airline's management, I believe.
With another very professional and successful businessman in command of OceanAir, and with the new partnership they are developing in Brazil, how long will it take to BRA and Efframovich (OceanAir) to realize that a merger between them will bring a real 3rd force for the country's aviation, one with the necessary financial backing to really confront TAM and Gol?
PPVRA From Brazil, joined Nov 2004, 9042 posts, RR: 37
Reply 15, posted (8 years 2 weeks 2 days 12 hours ago) and read 2134 times:
Quoting FMAL (Reply 12): With another very professional and successful businessman in command of OceanAir, and with the new partnership they are developing in Brazil, how long will it take to BRA and Efframovich (OceanAir) to realize that a merger between them will bring a real 3rd force for the country's aviation, one with the necessary financial backing to really confront TAM and Gol?
What I wonder is if BRA (perhaps Tropical Alliance as well?) will remain a niche player (even if they grow strong) or whether they could present a very real threat for JJ and G3? I'm betting on the niche, but I think it should be a decently-sized market.
edit for pic:
[Edited 2007-06-21 05:08:37]
"If goods do not cross borders, soldiers will" - Frederic Bastiat
FMAL From Brazil, joined Jan 2004, 486 posts, RR: 1
Reply 18, posted (8 years 1 week 4 days 17 hours ago) and read 1708 times:
Quoting PPVRA (Reply 15): What I wonder is if BRA (perhaps Tropical Alliance as well?) will remain a niche player (even if they grow strong) or whether they could present a very real threat for JJ and G3? I'm betting on the niche, but I think it should be a decently-sized market.
A possibility, for sure. If TAM/Gol consolidate their duopoly to such an extent that they effectively control the Brazilian market (as they do now), BRA/Ocean Air possibly will have to focus on a niche strategy to bring in dividends for their investors/owners. In the end, is all about making money, as it should be.
SAOAP From Brazil, joined Mar 2005, 170 posts, RR: 3
Reply 19, posted (8 years 1 week 4 days 16 hours ago) and read 1675 times:
It'll be nice to finally see an E-Jet flying for a brazilian airline again. One thing though: BRA needs to work on a new livery ASAP - could be introduced when (if - I still have my doubts whether will really see this bird) the first E-Jet is delivered.
"When it's dark enough, you can see the stars" - Charles A. Beard