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North America Newsletter 3 February

North America Newsletter 3 February

Allegiant Announces Scott DeAngelo As EVP & Chief Marketing Officer

Allegiant has announced that Scott DeAngelo has been appointed to serve as executive vice president and chief marketing officer. In this role, he is responsible for leading the strategic direction and execution of the commercial functions of marketing, ecommerce, leisure products. John Redmond, Allegiant president said “Scott’s exceptional ability to harness data and technology to better understand and serve our customer – from where and how they want to fly, to making it ever easier for them to find what they want – has brought tremendous benefits to the company. We are excited to have his expertise and deep roots in data and predictive analytics on our executive leadership team, super charging our brand at every level.”

Boeing and Embraer Welcome Brazilian Approval

Boeing and Embraer welcomed the unconditional approval of their strategic partnership by the Administrative Council for Economic Defense (CADE)’s General-Superintendence (SG) in Brazil. The decision will become final within the next 15 days unless a review is requested by CADE Commissioners. The partnership has now received unconditional clearance from every regulatory jurisdiction with the exception of the European Commission, which continues to assess the deal.

Embraer and SkyWest, Inc. Sign Contract for 20 E175 Jets

Embraer and SkyWest, Inc signed a firm order for 20 E175 jets in a 76-seat configuration. The order has a value of $972 million, based on 2019 list prices, and is already included in Embraer’s 2019 fourth-quarter backlog. Deliveries are expected to begin in the second half of 2020. Charlie Hillis, Vice President, Sales & Marketing, North America, Embraer Commercial Aviation said “Embraer and SkyWest enjoy a partnership marked by a longstanding history of service to the mainline carriers, and we relish the opportunity to break new ground. We are excited to announce that these 20 new aircraft will be the first E-Jets operated by SkyWest within the American Airlines network.”

EVA to Upgrade Daily Seattle Services with Boeing 787 Dreamliner

EVA Air will upgrade Seattle services with one of its technically advanced Boeing 787-9 aircraft and lift frequency from 10 to 12 flights a week, starting on Wednesday, May 20, 2020. EVA will operate the Dreamliner daily and continue using a Boeing 777-300ER for the other five weekly flights.

Interjet Airlines Announces Bilateral Interline Agreement with JetBlue Airways

Interjet Airlines and JetBlue announced a new bilateral interline agreement offering expanded travel options to passengers. Under the new partnership, passengers will have the convenience of purchasing a single ticket for flights on either airline with the ability to check bags from originating to final destination and enjoy easy connections at the airports served by both carriers. Interjet’s Chief Commercial Officer said “We are very excited to announce another very important bilateral interline agreement between Interjet and JetBlue. This partnership will allow passengers from both airlines access to more amazing destinations across the U.S., and Mexico while JetBlue business and leisure travelers will be able to experience our unique brand of lower prices with free checked bags on select fares, business class legroom between every seat and great service.”

Spirit AeroSystems Announces 737 MAX Production Agreement with Boeing

Spirit AeroSystems announced that it reached an agreement with Boeing relating to the 737 MAX production rate. Under the agreement, Spirit will restart production slowly, ramping up deliveries throughout the year to reach a total of 216 MAX shipsets delivered to Boeing in 2020. Spirit does not expect to achieve a production rate of 52 shipsets per month until late 2022. The rate agreement is based on several assumptions including Boeing’s expected production rate and the successful return of the 737 MAX to service.

Wings Capital Partners LLC Announces Closing of $125,000,000 Term Loan

Wings Capital Partners LLC announced the successful closing of a secured term loan collateralized by a 777-200LRF on lease to Korean Airlines. The three-tranche financing has a maturity coterminous with the lease tenor and was provided by a syndicate of financial institutions including Barings, Nord LB, Bayern LB, and Investec. Jakob Gallagher, Treasurer at Wings stated “This financing is consistent with our strategic initiatives of diversifying sources of financing and managing asset liability. The tenor and structure provide both a long-term solution for this asset and additional flexibility as Wings continues to build out its balance sheet.”

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