‘It’s my dream that we will see the sham­rock on an E2’

The Irish Times - Business - - BUSINESS / NEWS - BARRY O’HALLORAN

Ir­ish air­craft lessors have pledged to take large num­bers of Brazil­ian man­u­fac­turer Em­braer’s lat­est model, the 190-E2, ac­cord­ing to John Slat­tery, the Clare-born chief ex­ec­u­tive of its com­mer­cial avi­a­tion arm.

Em­braer ended a 200-day, 68-city tour launch­ing the new aero­plane, dubbed “Profit Hunter” and em­bla­zoned with dis­tinc­tive shark-head liv­ery on its nose, in Dublin Air­port yes­ter­day. Speak­ing ahead of a demon­stra­tion flight, Mr Slat­tery said he ex­pected that direct or­ders from lessors would ac­count for up to 25 per cent of E2’s Em­braer will make, while sale and lease-back deals with air­lines would bring their share to a third.

Mr Slat­tery con­firmed Ir­ish air­craft fi­nanciers have al­ready or­dered sig­nif­i­cant num­bers of the E2. “To­day we have Aer­cap, which is head­quar­tered here in Dublin, with their launch or­der for 50 E2s, we have Air­cas­tle for 25 E2s and ICBC, the Chi­nese leas­ing company that also has their head­quar­ters here in Dublin, for an­other 10 E2s,” he added.

The Repub­lic is home to most of the world’s lead­ing air­craft lessors, in­clud­ing Avolon, run by Mr Slat­tery’s brother, Dómh­nal.

Em­braer’s com­mer­cial avi­a­tion di­vi­sion spe­cialises in air­craft with up to 150 seats, used mainly for shorter jour­neys.

The E2 can fly up to 5,300km fully loaded, which would al­low it to reach Novia Sco­tia from Dublin. How­ever, air­lines are likely to use it for shorter trips.

Em­braer is sell­ing the air­craft on the ba­sis that it burns 17 per cent less fuel than pre­vi­ous mod­els, a key at­trac­tion with ris­ing oil prices, and is the qui­etest plane in its class.

Re­gional routes

Mr Slat­tery also hopes to re­cruit Aer Lin­gus as a cus­tomer. Sto­bart Air, which flies re­gional routes for the Ir­ish car­rier, uses the ear­lier E1 gen­er­a­tion of Em­braer plane.

“As an Ir­ish­man it’s my dream that at some point, in some fash­ion, that we will see the sham­rock show­ing on the fuse­lage

‘‘ As an Ir­ish man, it’s my dream that we will see the sham­rock show­ing on the fuse­lage of an E2

of an E2,” he said.

Mr Slat­tery also pre­dicted that the pro­posed joint ven­ture be­tween Em­braer and Boe­ing would ac­cel­er­ate the Brazil­ian company’s mo­men­tum. The US gi­ant will take 80 per cent of Em­braer in a deal that awaits reg­u­la­tory approval and could go through in early 2019.

PHO­TO­GRAPH: PETER HOULIHAN

John Slat­tery, chief ex­ec­u­tive of Em­braer Com­mer­cial Avi­a­tion at Dublin Air­port on the fi­nal stop on the world­wide demon­stra­tion tour of Em­braer’s E190-E2 new gen­er­a­tion pas­sen­ger air­craft.

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