NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

JetBlue talks pick up with planemakers over replacing jets

Published 2018-02-26, 08:22 p/m
© Reuters.  JetBlue talks pick up with planemakers over replacing jets
BA
-
AIR
-
JBLU
-
EMBR3
-
BBDb
-

MONTREAL/NEW YORK, Feb 26 (Reuters) - Jet Blue Airways Corp JBLU.O met with Canadian planemaker Bombardier Inc BBDb.TO and also had plans to meet with Brazil's Embraer SA EMBR3.SA this month, according to an internal email reviewed by Reuters, in a signal that talks are picking up for the U.S. airline's closely watched sales campaign.

Low-cost carrier JetBlue has previously said it is weighing whether to replace its fleet of about 60, 100-seater E-190 jets, in a campaign pitting Bombardier's CSeries against its Brazilian rival's latest model, the E190-E2.

JetBlue officials also met Bombardier Chief Executive Alain Bellemare at the company's Montreal-area plant on Monday, said an industry source, confirming earlier media reports. The source said JetBlue had not finalized a deal with either planemaker.

A spokeswoman for Bombardier declined to comment on a sales campaign.

JetBlue said in a statement it is "exploring a full range of options from maintaining the current fleet to a full replacement with an alternative aircraft type."

Embraer is determined to keep JetBlue as a key customer, while Bombardier wants to grow sales in the United States after a trade agency ruled the Canadian plane-and-train-maker could sell its 110-to-130 seat CSeries to American carriers duty-free following a dispute with Boeing (NYSE:BA) Co BA.N . Feb. 17 email says "the Bombardier team was in to discuss product support and maintenance for its C Series. And later this month, we'll have a chance to take a close-up look at the Embraer E2."

It was not clear whether JetBlue already saw the E2 and a spokesman for Embraer could not immediately answer Monday night.

In January, JetBlue said it would prolong an internal review over the future of its fleet at a time of an evolving landscape for commercial aviation. Embraer is now holding tie-up talks with Boeing and Bombardier is working to complete a deal giving a majority stake in the CSeries to Airbus SE AIR.PA .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.