We may only be in the first month of 2023, but the year has already been a historic one with countless travel fiascoes.
The year began with a Christmas airline crisis: the popular American airline Southwest Airlines (light) – Get a free report left tens of thousands of passengers without flights. When it was all said and done, Southwest had canceled or delayed about half of its flights, costing it an estimated $825 million in fees and other expenses.
Southwest was certainly the incumbent on flight problems, but it wasn’t the only one. Problems with technology, overbooking, unruly passengers, and seemingly unforeseen demand for air travel have pushed nearly every airline to its breaking point. And outdated equipment certainly isn’t fixing the problem.
Also hindering the solution: supply chain problems. Even if an airline were willing to shell out billions for new planes and equipment, shortages of labor and goods have stymied progress toward improving the flying experience.
Boeing (licensed in letters) – Get a free report has notoriously struggled with the aforementioned capacity constraints, confirming that 2023 will be “difficult” as it grapples with shortages and embezzled company resources.
Boeing’s shortcomings are Embraer’s opportunities
Boeing may be struggling with shortages, but that doesn’t doom the airline industry. In fact, while the US-based company works to mitigate production delays, other aerospace manufacturers are happy to step in.
Brazil-based Embraer (erj) – Get a free report is one of those companies. Though noticeably smaller than the US giant, it has outperformed Boeing so far this year and almost certainly has more capacity to fill orders as Boeing tidies itself up.
That’s why his recent deal to sell $1.17 billion worth of planes to an unnamed customer is so spectacular.
“Embraer has obtained a new firm order for 15 new E195-E2 aircraft from an undisclosed customer,” Embraer said on its website on January 16. 2022 order book”.
Embraer is slowly gaining global market share
The E195-E2 aircraft is one of Embraer’s largest business jets and can seat 146 passengers. It is the latest version of the Brazilian company of its original E195; It’s just as big but has fewer emissions and makes less noise. It is also more fuel efficient.
Embraers are currently popular in Europe; Bavarian Airlines, based in Germany, has just Announced I would rent at least a dozen Embraer E195-E2s. The planes will begin service in Berlin, Frankfurt and Düsseldorf in 2023, and the airline eventually plans to expand the service across Europe to London, Vienna, Amsterdam and Geneva.
It is not known which Embraer’s most recent billionaire customer is, but it may be one that is in the United States. Embraer currently operates several regional and international airlines based in the US, including Republic Airways (based in Indiana), SkyWest Airlines (Utah), Envoy Air (Texas), Mesa Airlines (Arizona), JetBlue and American Airlines.
