Sydney-based Pionair has announced it’s purchased a new Embraer E190-100LR
The business, which is also a provider of aircraft, crew, maintenance and insurance (ACMI), said the nine-year-old aircraft, VH-SEF, will be called ”Cinderella” and is due to arrive at Bankstown on 24 November 2020.
It adds to the eight BAE 146 cargo and passenger planes it owns or operates, and is set to be followed by more aircraft next year.
“Incorporating the E190 into Pionair’s fleet has opened up more business opportunities for us in Australia and in the Pacific,” said Steve Ferris, CEO and owner of Pionair. “The aircraft features modern, state of the art technology which means better fuel efficiency, performance and economics.
“For our customers, its strength also lies in its ample cargo capacity and a right-sized passenger capacity to manage fluctuating demand on strategic routes within Australia and beyond.”
In October, Australian Aviation reported how Alliance received the first of its 14 new Embraer E190s.
The business announced in August it had agreed to a $111 million deal with US-based Azorra Aviation to buy the aircraft to fly regional routes, which also includes six spare General Electric CF34 engines, as well as the option to acquire a further five Embraer jets.
It will join its existing fleet of 24 Fokker F100s, 13 Fokker 70LRs and five Fokker 50 turboprops.
“Alliance, since inception in 2002, has a track record of purchasing aircraft at opportunistic times and at significantly reduced value to their market value,” said Alliance managing director Scott McMillan.
The news came after the airline surprisingly announced in May it had increased profits this financial year by $7 million, which it credited to its ability to adapt planes for coronavirus.
“With many airlines not flying and the increased demand for a 100-seat narrow body configured aircraft in the Australian market, this acquisition is more than opportunistic, it underpins our expected growth,” said McMillan.
Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.