This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Air Lituanica Selects Embraer E-Jets









PARIS, June, 18, 2013 /PRNewswire/ -- A new commercial airline in Europe, Air Lituanica of Vilnius, Lithuania, has acquired two Embraer E-Jets. The carrier will launch scheduled service on June 30 th with one EMBRAER 170 leased from a third party. In July, Air Lituanica will add another E-Jet, an EMBRAER 175, leased from ECC Leasing Company, Ltd., a wholly-owned subsidiary of Embraer (NYSE: ERJ; BM&FBOVESPA: EMBR3) .

The E170 and E175 are configured with 76 and 86 seats in single class, respectively. Air Lituanica will deploy the aircraft on its planned routes between Vilnius and Brussels, Amsterdam, Berlin, Prague, Munich and Moscow. The airline intends to add three to four more aircraft to increase frequencies with the objective of serving a dozen European routes from Vilnius in three years.

"Embraer E-Jets have proven to offer an effective combination of capacity, frequency and reliability that new carriers need to successfully launch their services," said John Slattery, Chief Commercial Officer, Embraer Commercial Aviation. "The sizes of the airplanes are ideal for the types of markets in which the airline will fly. Embraer welcome's Air Lituanica to our growing portfolio of E-Jets operators in Northern Europe."

"Air Lituanica is aiming to improve nonstop air travel links between Vilnius and points in Western Europe, Scandinavia, Russia and the CIS. The arrival of our first E-Jets is a very important milestone for the company," said Mr. Erikas Zubrus, CEO of Air Lituanica. "The aircraft will allow us to serve business routes with high frequency and offer our passengers an outstanding level of comfort."

As with all E-Jets, the E170 and E175 benefit from common crew qualification and 100% parts commonality so operators can realize exceptional maintenance and crew resource cost savings. The different E-Jet capacities give Air Lituanica the flexibility to assign the aircraft based on variations in market demand.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,960.57 -123.23 -0.72%
S&P 500 1,978.34 -9.64 -0.48%
NASDAQ 4,449.5640 -22.5440 -0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs