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Air Canada sold the Emb 190 fleet...

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August 30, 2018

Nordic Aviation Capital (NAC) has entered into an agreement with BeauTech Power Systems, LLC (BeauTech) for the purchase of 25 Embraer E190 aircraft which BeauTech has arranged to purchase from Air Canada. The 25 aircraft have short lease back periods with Air Canada over the forthcoming 18 months. This transaction, which is expected to close by the end of August 2018, serves to further establish NAC’s position as one of the largest lessors in the regional jet and turboprop sector. With the downstream acquisition of certain of the aircraft following their lease return, this deal also strengthens BeauTech’s position as a premier regional jet engine lessor, with one of the largest portfolios of CF34 lease engines in the global market.

“We are investing heavily in growing the business through strategic acquisitions such as this one with Air Canada. NAC’s investment in this attractive portfolio of assets underlines our confidence in the long-term growth prospects of the regional jet market. This market is a burgeoning one, and we are delighted to have partnered with BeauTech in this joint venture” said Martin Moller, Chairman, NAC.

“BeauTech is pleased to partner with NAC on this acquisition. By applying the synergies between our two companies we are able to optimize the disposition of these assets and provide continued support to both the aftermarket and the secondary in-service lease markets” said Lee Beaumont, CEO, BeauTech.

About BeauTech Power Systems

BeauTech Power Systems leases regional and narrowbody commercial aircraft engines to airlines, OEMs and Maintenance Repair and Overhaul (MRO) service providers worldwide. Based in Dallas, Texas, BeauTech specializes in CF34 and CFM56 engines and its lease portfolio includes all CF34 engine model variants operated on the CRJ and E-Jet platforms. BeauTech was founded in 2011 with the focus to support airline customers with the best engine lease practices in the industry. As part of its focus in this market, BeauTech is also active in the trading of regional and narrowbody aircraft and engines.

About Nordic Aviation Capital

NAC is the industry’s leading regional aircraft lessor serving over 70 airline customers in 48 countries. The company provides aircraft to well-established carriers such as British Airways, Air Canada, LOT, Azul, Lufthansa, Garuda, Flybe, Aeroméxico and airBaltic as well as major regional carriers including Air Nostrum and Widerøe. NAC’s current fleet of almost 500 aircraft includes E170, E175, E190, E195, ATR 42, ATR 72, Bombardier Dash 8, CRJ900, CRJ1000 and CS300. In addition, the group has circa 50 aircraft on firm order. NAC is the largest owner and lessor of both ATR and Bombardier aircraft in the world.

For additional information, please visit us at www.beautech.aero

https://beautech.aero/latest-news/beautech-purchases-air-canadas-e190-fleet/

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25 minutes ago, st27 said:

Hhhmmm..I thought Boeing had agreed to take the 190’s as part of the deal to purchase the 37’s...

If I remember correctly, Boeing took the 20 or so 190s that AC removed from its fleet some time ago.  I don't recall there being any arrangement for them to take the remaining 25.

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Boeing did take 20. These are the remaining 25. They are first Gen 190’s so AC did well to find a buyer.

I believe AC also still owns the 15 175’s in operation at Skyregional. Also first generation models. 

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5 minutes ago, FA@AC said:

If I remember correctly, Boeing took the 20 or so 190s that AC removed from its fleet some time ago.  I don't recall there being any arrangement for them to take the remaining 25.

Correct.

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11 minutes ago, st27 said:

If we could only find a buyer for the 37s and get some 320 neos!!😏

are the 320 neos really better than the 737s?

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8 minutes ago, Malcolm said:

are the 320 neos really better than the 737s?

Any pilot I have spoken to considers the Neo and even the first generation of the 320 series to be a far more sophisticated aircraft than the 737 MAX.

Air Canada FAs all hate the 737 because of the galley/lav configuration that AC chose.  It's brutal, but the 320 NEO with the space flex galley arrangement wouldn't be much better.

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Also, the 37 only allows for bulk loading (hand bombing).... I think that it is a problem for carrying cargo in addition to bags.

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2 hours ago, st27 said:

Also, the 37 only allows for bulk loading (hand bombing).... I think that it is a problem for carrying cargo in addition to bags.

Many moons ago, we would load DC8=63s with baggage, full load and cargo with no problem. I can not see why the smaller capacity 737-8 would be a major problem. Unless of course it is capacity vs desire to do the loading. 😀

 

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The Max would be a good fit for Rouge to work domestic markets. How much life left in the A320’s ? The cycles must be very high on those birds.

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The 737 max is still not a fully integrated aircraft.  There is a mix of old and new technology in  the aircraft.  it will never be as sophisticated as the A320 series as a result.  The 737 would need a nose to tail revamp of all systems.

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All depended on what kind of turn.

Rapidairs in 45 min.  Overseas, 90 min.

In the days of C3, early Transat, Odessey, etc, used to turn the 757's with 350-400 bags off, same on, 4 man crew in a hour.

They can't do that today with the Nintendo generation...

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its crazy what we used to do to turn an aircraft 30 years ago.  today they cant even come close even with all the new tech.

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Technology certainly hasn't hindered the work force but perhaps some of us  in the older generations see the work place, no matter where,  operated by many that have an attitude of entitlement, rights, and privileges.

Certainly there are other factors, tight schedules, more flights, " bean counters" keeping the crews to minimum, and so on but there appears to be  an attitude of ambivalence that  has permeated the work force on the ground, and  to a lesser degree in the air.

Rather than me "rant'" in this post,............. when you have time  just sit  back and really watch how some people approach their  job....and yes, "it" applies to the airline industry as well.

I don't think it was like that 3 or 4 decades ago...

Before you get out the flamethrowers please realize I am not painting all employees with the same brush but those that fall into the category I have stated certainly stand out.......in my opinion.

 

 

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12 hours ago, FA@AC said:

Any pilot I have spoken to considers the Neo and even the first generation of the 320 series to be a far more sophisticated aircraft than the 737 MAX.

Air Canada FAs all hate the 737 because of the galley/lav configuration that AC chose.  It's brutal, but the 320 NEO with the space flex galley arrangement wouldn't be much better.

Sophisticated doesn't necessarily equate to better.

I believe the 737-8max has lower operating costs than the 320neo and I believe AC acquired them at a far more attractive price.

Some FAs might not like them - girt bar, small galley, jumpseat, but the passengers seem to like them, and the pilots I know think it's fine... it is what it is... EMJ burns with 169 passengers.

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2 hours ago, j.k. said:

Sophisticated doesn't necessarily equate to better.

I believe the 737-8max has lower operating costs than the 320neo and I believe AC acquired them at a far more attractive price.

Some FAs might not like them - girt bar, small galley, jumpseat, but the passengers seem to like them, and the pilots I know think it's fine... it is what it is... EMJ burns with 169 passengers.

Nailed it.  The bottom line is the bottom line.  Being an Avionics Tech, I’m the first guy to ridicule the 737 being marketed as the latest and greatest in airliners. The only fly-by-wire in the airplane is 2 spoiler panels. Sheesh!  BUT... if the operating costs are low, and the financial terms were favourable when they were acquired, then it IS better than an Airbus product.  After all, the goal of the company is to make money, not be a proving ground for cool technology.  As for the F/A’s not liking the galley layout.... well, not to be mean, but who cares?  Same for the folks throwing bags.  I doubt you’ll ever again see a new narrowbody with a powered loading system. Why build in the extra weight and expense when they can use cheap (disposable) people? 

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It all depends .... it might be cheap in the short term, but over time, if the passengers don’t like it because it’s cramped, they can’t get to the lavs, service is slow because the flt attendants can’t get the service done (because of the lineups for the lav go through the galley), cargo is bumped because it won’t fit in the belly (AC lost the Canada Post contract due to lack of space on the EMB)...... revenue will decline.

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4 hours ago, j.k. said:

Sophisticated doesn't necessarily equate to better.

I believe the 737-8max has lower operating costs than the 320neo and I believe AC acquired them at a far more attractive price.

Some FAs might not like them - girt bar, small galley, jumpseat, but the passengers seem to like them, and the pilots I know think it's fine... it is what it is... EMJ burns with 169 passengers.

The Max 8 has a very slight cost advantage “per seat” then the NEO but that is attributable to the fact that it has quite a few more seats.  From what I have read, it was Boeing agreeing  to take 20 EMB’s at book value and not market value that tipped the order in their favour.

Was the trashing of 25 years of maintenance, pilot and ground handling knowledge of the Airbus costed in the equation? Likely not IMO.

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2 hours ago, Homerun said:

Was the trashing of 25 years of maintenance, pilot and ground handling knowledge of the Airbus costed in the equation? Likely not IMO.

Probably the same equation was used to park their 727’s. AC had many years of above and below the wing experience trashed when other US majors flew them for many more years. 

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4 hours ago, blues deville said:

Probably the same equation was used to park their 727’s. AC had many years of above and below the wing experience trashed when other US majors flew them for many more years. 

Wasn't one reason the 3 man cockpit ?Image result for b727 cockpit

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