Augsburg Airways : IQ : AUB :

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Embraer announced the sale of two E-190s to Aircraft Asset Management of Germany, which already has agreed to place them with Augsburg Airways. Aircraft are worth $79 million at list prices and will count against the manufacturer's third-quarter backlog. Augsburg took delivery of the first in September and will take the second in 2010. Augsburg, a Lufthansa Regional partner, currently operates 16 aircraft to 21 destinations
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Regional carrier Augsburg Airways (IQ) faces an uncertain future if no investor or strategic partnership can be found.

Lufthansa (LH) has ended its wet-lease cooperation with IQ from October 2013, as part of its €1.5 billion ($1.9 billion) cost-cutting program SCORE, to focus its regional feed exclusively on subsidiaries LH CityLine and Air Dolomiti (ATW Daily News, Oct. 31). But the agreement had been essential for IQ.

According to several German media reports, LH CityLine could add five additional Embraer E-195s, owned by Lufthansa and operated by IQ.

“We cannot say if this transfer (of aircraft) will be happen, either, if the company will continue to operate in one year time,” a source close to IQ management told ATW. “There are too many open questions.”

IQ, owned by ATON AG, has operated flights for LH since 1996. It was established 1980 in Augsburg, formerly known as Interrot Airways. IQ is running out of time to prepare its future after the LH contract will end in 11 months. German media reports that it is expected that IQ will be liquidated.

IQ operates six Embraer E-190/195s and nine Bombardier Dash 8-Q400s to 37 destinations in Germany and Europe