Rheinmetall reports “boom” as results hit new records with orders for vehicles, ammunition and weapons
Rheinmetall is riding high as Europe scrambles to boost its defence forces and replenish spent stockpiles sent to Ukraine.
Embraer subsidiary ECC Leasing Company has leased four ERJ 135 pre-owned jets to South African Airlink.
The aircraft will replace some of the airline’s turboprops and are scheduled to be delivered by the end of January, making an important contribution to the transportation needs of the 2010 FIFA World Cup.
“It is significant to Embraer that Airlink has chosen to source additional ERJ 135s from ECC, since this reaffirms the clear value that we, as the manufacturer, bring to the highly competitive pre-owned market. The ERJ 135 is a perfect fit for the airline’s network, and will certainly play a key role in the company’s future growth,” said Mark Dunnachie, managing
Director, ECC Leasing.
South African Airlink’s ERJ 135 jets, configured in a 37-seat layout, will be based in Johannesburg and deployed on regional routes that are expected to be increasingly busy, as the soccer World Cup event gets underway in June.
“We are very pleased to increase our fleet of ERJ 135 jets to meet the growing demand of our domestic and intra-regional markets,” said Rodger Foster, CEO of South African Airlink. “These regional jets will replace our oldest turboprops, improving reliability and quality of service. Travel time will be reduced, while providing a more comfortable cabin for our passengers. This is an opportune time for introducing larger and more efficient aircraft. Furthermore, we see clear benefits in dealing directly with the manufacturer, Embraer, through ECC.”
Rheinmetall is riding high as Europe scrambles to boost its defence forces and replenish spent stockpiles sent to Ukraine.
The forecast came as the Italian firm presented its new 2025–29 industrial plan to analysts, with its future figures bolstered by the European increase in defence spending.
Speaking before a committee on European affairs, the speakers addressed recent developments following an eventful few days. During this period, the UK pushed for increased support for Ukraine, while the EU eased budget constraints to allow for greater defence spending. Meanwhile, across the Atlantic, US President Donald Trump introduced tariffs that could impact the defence industry.
NATO and other Western countries had been singing from the same song sheet since the full-scale invasion of Ukraine by Russia three years ago but the alliance has been weakened as the new US administration under President Donald Trump pauses military aid to Ukraine.
Since the release of Ireland’s Commission on the Defence Forces (CoDF) report two years ago there have been whisperings about the potential of Ireland buying fighter jets, one of the most ambitious recommendations. The prospect has now inched closer.
UK Prime Minister Keir Starmer raises defence spending, while both NATO and President Trump demand significant further increases.