US Airways Group, Inc. and Embraer Announce Aircraft Order
Feb 09, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- US Airways Group, Inc. (NYSE: LCC) and Embraer -- Empresa Brasileira de Aeronautica SA (NYSE: ERJ) today announced they have reached an agreement to amend their original aircraft order. Under this agreement, the previous 57 undelivered EMBRAER 170s will be converted into 25 firm EMBRAER 190 aircraft and 32 additional firm EMBRAER 190 aircraft that are subject to reconfirmation by US Airways. The Amendment also includes up to 50 options to other aircraft in the Embraer 170/190 family. Deliveries will resume in November 2006.
The new aircraft will be configured with 11 first-class and 88 coach seats and will be powered by GE CF34-10E aircraft engines. The new agreement is subject to bankruptcy court approval.
"We are excited to bring the superior comfort and advanced efficiency of the EMBRAER 190 into our fleet, and we are particularly pleased that these airplanes will be flown with US Airways mainline pilots and flight attendants," said US Airways Chairman and CEO Doug Parker.
"We are honored with US Airways' renewed confidence in our E-Jets family and the opportunity to expand our partnership," said Frederico Fleury Curado, Embraer Executive Vice-President, Airline Market.
US Airways and America West's recent merger creates the fifth largest domestic airline, employing 35,000 aviation professionals. US Airways, US Airways Shuttle and US Airways Express operate approximately 3,700 flights per day and serve more than 230 communities in the U.S., Canada, Europe, the Caribbean and Latin America. (LCCG)
US Airways is a member of the Star Alliance, which was established in 1997 as the first truly global airline alliance to offer customers worldwide reach and a smooth travel experience. Star Alliance was voted Best Airline Alliance by Skytrax in 2003 and 2005. The members are Air Canada, Air New Zealand, ANA, Asiana Airlines, Austrian, bmi, LOT Polish Airlines, Lufthansa, Scandinavian Airlines, Singapore Airlines, Spanair, TAP Portugal, THAI, United, US Airways and VARIG Brazilian Airlines. South African Airways and SWISS will be integrated during the first half of 2006. Regional member carriers Adria Airways (Slovenia), Blue1 (Finland) and Croatia Airlines enhance the global network. Overall, Star Alliance offers more than 15,000 daily flights to 790 destinations in 138 countries.
Doesn't Wall Street know were out of bankruptcy??? :down: