Bombardier Wraps Up a Successful Week at the 2014 Farnborough International Airshow

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Courtesy: Bombardier.

Bombardier Aerospace today completed a successful week at the 2014 Farnborough International Airshow having announced firm orders, conditional purchase agreements and letters of intent for a total of 74 aircraft, valued at more than $4.25 billion US should all commitments be converted to firm orders.

“It has been a great week for Bombardier at the Farnborough Airshow, and I’m very pleased with the momentum we’re building across our entire product portfolio. Our discussions with customers have progressed, and we were very pleased to make a number of announcements,” said Guy C. Hachey, President and Chief Operating Officer, Bombardier Aerospace. “Throughout the week, our customers have repeatedly demonstrated their confidence in our products, and our presence at the show has given us an opportunity to further our relationships with many of our key stakeholders.”

Bombardier Commercial Aircraft kicked off the airshow by announcing the signing of two letters of intent (LOIs) for up to 24 CS100 aircraft by Falko Regional Aircraft Limited. Throughout the week, Loong Air, Petra Airlines and an undisclosed African airline joined Falko in growing the list of CSeries aircraft customers to 20. In addition, an existing customer signed a conditional purchase agreement for up to 13 CS300 aircraft, and airBaltic and Falcon Aviation revealed themselves as previously undisclosed customers that contributed to bringing the number of firm orders and commitments to 513. Finally, in conjunction with Bombardier’s opening press conference, Export Development Canada, UK Export Finance, and Investissement Québec announced that they have jointly developed a working model for partnered financing of CSeries aircraft customers.

Bombardier demonstrated its path toward the entry-into-service of the CSeries aircraft by launching the Smart Parts program for CSeries aircraft customers and announcing the approval of the all-new jetliner’s maintenance, both geared toward maximizing utilization and providing more competitive maintenance costs to operators of CSeries aircraft. Bombardier also announced that it has appointed Flight Training Alliance, a newly formed joint venture between CAE and Lufthansa Flight Training, as its exclusive Authorized Training Provider for CSeries aircraft pilot and cabin crew training worldwide, and Lufthansa Technical Training as its exclusive Authorized Training Provider for CSeries aircraft maintenance training.

On the Q400 NextGen aircraft program, Bombardier celebrated surpassing the milestone of 500firm orders with the latest order from Horizon Air and Nok Air. In addition, Bombardier signed an LOI for five Q400 NextGen turboprops with Falcon Aviation, Abu Dhabi Aviation disclosed that it was a previously unidentified Q400 NextGen customer, and Bombardier officially announced a cargo-passenger combi configuration of the turboprop. The Q400 NextGen aircraft on static display was joined by a CRJ900 NextGen aircraft in American Airlines’ livery, and Bombardier showcased the enhancements that it has brought to its regional jet program, including up to 5.5 per cent lower fuel consumption than earlier-generation CRJ900 aircraft. Bombardier also shared its vision of double-digit fuel burn reduction by 2020.

On the heels of its strong showing at the European Business Aviation Convention and Exhibition (EBACE) in May, Bombardier Business Aircraft had a full range of its industry leading aircraft on static display, including the Learjet 75, Challenger 350, Challenger 605 and Global 6000 jets, at the Farnborough Airshow. The event marked the European debut and first public appearance for the Challenger 350 aircraft, which received its Transport Canada and Federal Aviation Administration (FAA) certification, and entered into service, in June. Guests also had an opportunity to visit the Global 7000 aircraft mock-up, which has attracted significant attention from key prospects in the region during its three-week residence at the TAG Farnborough hangar.

During the show, Bombardier released its market forecasts for 2014-2033, which call for industry deliveries of 22,000 business jets worth approximately $617 billion US* in the segments in which Bombardier competes** and 13,100 commercial aircraft in the 20- to 149-seat segment, valued at approximately $658 billion US*. Bombardier also recognized six supplier sites for their remarkable performance last year, supporting the Company’s strategy of delivering an exceptional customer experience through superior performance, and three suppliers for their focus on corporate social responsibility.

Source: Bombardier.

Airbus wins business worth more than $75 billion for 496 aircraft at Farnborough Air Show 2014

Courtesy: Airbus.

Courtesy: Airbus.

During the 2014 Farnborough Air Show, Airbus won US$75.3 billion worth of business for a total of 496 aircraft, making it by far the largest Farnborough show for Airbus – both in terms of dollar value and also in the number aircraft. The deals comprise Memoranda of Understanding (MoU) for 138 aircraft worth $36.9 billion and purchase orders for 358 aircraft worth $38.4 billion.

The show kicked-off with the launch of the A330neo, followed by a brisk slew of announcements from major customers for a total of 121 A330neos worth $33.2 billion. Leading the charge was AirAsia X with a deal for 50 A330-900neos worth $13.8 billion. This landmark selection from one of Asia’s fastest growing carriers, in addition to the stamp of approval from the leading lessors ALC, Avolon and CIT, have together provided further proof that Airbus and Rolls-Royce have made the right choice to build on the outstanding success of the medium-range A330 airliner with the latest technology Trent engines. Furthermore, in doing so, Airbus is proud to continue to develop this platform as the ideal complement to its bigger and long-range brother, the A350 XWB, in the Airbus leading Widebody Family.

In the single-aisle sector, Airbus’ A320 Family garnered an impressive 363 commitments worth $39.0 billion. Of these, the orders for 317 A320neo and A321neo aircraft worth $34.4 billion is a further reflection of how the A320neo Family continues to outpace the competition. To add the icing to the cake, Airbus achieved the 3,000th A320neo Family sale during the show. The milestone was reached when SMBC Aviation Capital ordered 110 A320neo aircraft, marking the show’s biggest vote of confidence for the leading Single Aisle aircraft Family.

Courtesy: Airbus.

Courtesy: Airbus.

John Leahy, Airbus’ Chief Operating Officer, Customers said: “The orders and commitments we’ve received at this record-breaking Farnborough for both the A330neo and A320neo families are together an unequivocally resounding endorsement for these most cost-efficient aircraft.” He adds: “For both our single-aisle and widebody categories, the high representation of lessors – widely regarded as the global ‘barometer’ of the industry – is indicative of the long term confidence in the capacity needs for sustainable growth for the airlines in the years ahead.”

Airbus is a leading aircraft manufacturer with the most modern family of airliners, ranging in capacity from 100 to more than 500 seats. Airbus has delivered more than 8,500 aircraft to some 360 customers worldwide and has a backlog of more than 5,500 aircraft. Airbus has design and manufacturing facilities in France, Germany, the UK and Spain as well as subsidiaries in the US, China, India, Japan and in the Middle East.

Source: Airbus.

Eco-design: Airbus is designing with the environment in mind

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Environmental factors increasingly are taken into account in designing Airbus its aircraft – a plan driven by its commitment to the environment and a compelling business case.

This philosophy is on full display this week at the 2014 Farnborough Airshow – with the presence of such jetliners as a Sharklet-equipped A320, the next generation A350 XWB and the double-deck A380 jetliner – along with the launch of the A330neo (new engine option). These aircraft all deliver significant fuel-burn reduction compared to previous aircraft, saving operators money while also benefitting the environment with lower carbon emissions.

“The hardest thing about aircraft design is that everything involves trade-offs,” said Gael Sarrieu, who leads Airbus’ lifecycle analysis, citing the importance of weight when considering a new aircraft system. “Everyone has been familiar with that consideration for a long time, but now we’re giving the same thought to all areas.”

For example, Sarrieu explained that noise used to be less of a concern for designers compared to efficiency but it is of increasing importance for customers who want to operate at some of the world’s busiest airports. As a result, Airbus products – such as the A380, A350 XWB and A320neo – are designed to be quieter than required by worldwide noise regulations.

“Airbus designers now understand that the whole lifecycle, right through to recycling and re-using, matters to our customers,” said Sarrieu. “We aren’t trying to start a revolution – we’re just trying to do good business!”

Source: Airbus.

Air Mauritius orders six Airbus A350 XWB

Courtesy: Airbus.

Courtesy: Airbus.

Air Mauritius, the flag carrier of Mauritius has decided to expand and modernise its long-haul fleet with a Memorandum of Understanding for four A350-900 aircraft. The agreement was announced during the Farnborough International Airshow 2014. The airline has also announced that it is leasing two more A350-900s. The 6 A350 XWB will be operated on European, Asian and Australian routes.

Air Mauritius, voted the leading airline in the Indian Ocean at the World Travel Awards for the last last nine years and recently awarded a 4-STAR Skytrax rating, currently operates ten Airbus aircraft including two A330-200s and two A319s.

 “The A350 XWB combined with the A330 suits Air Mauritius’ entire long-range network and will be key to modernising our fleet while significantly reducing our operational costs and environmental footprint. It is the game-changer we were looking for,” said Andries Viljoen, Air Mauritius’ Chief Executive Officer. “These highly comfortable and fuel-efficient aircraft will fit nicely into our existing Airbus fleet, and our passengers will be able to enjoy seamless service and comfort levels throughout our entire product range.”

“We are honoured that Air Mauritius, a long-standing customer for 20 years, is ordering more Airbus aircraft,” said Fabrice Brégier, Airbus President and CEO. “The fleet commonality unique to Airbus will maximise operational efficiency for the airline, and passengers will benefit from unmatched comfort levels on the world’s most modern aircraft.”

The A350 XWB is Airbus’ all-new mid-size long-range product line comprising three versions offering from 276 to 369 seats. The A350 XWB stands out in its class thanks to its combination of passenger comfort, technological innovation and its unique industrial process. Built hand-in-hand with our customers, the A350 XWB sets new standards in terms of passenger experience, operational efficiency and cost-effectiveness. At the end of June 2014, the A350 XWB had won 742 orders from 38 customers worldwide.

Source: Airbus.

Boeing, Hainan Airlines Announce Commitment for 50 737 MAX 8s

Courtesy: Boeing.

Courtesy: Boeing.

Boeing and Hainan Airlines today announced that the two companies are finalizing terms and working toward a purchase agreement for 50 737 MAX 8s, reaffirming the Chinese airline’s preference for an all-Boeing single-aisle fleet.

The commitment, valued at more than $5.1 billion at current list prices, will be subject to the approval of the Chinese government and will be posted on Boeing’s Orders & Deliveries website once all contingencies are cleared.

“The 737 is the backbone of our single-aisle fleet,” said Adam Tan, vice chairman and president of Hainan Group. “The new 737 MAX will help our airline grow, become more efficient and offer five-star service for our passengers.”

“It is a privilege to welcome Hainan Airlines as Boeing’s newest 737 MAX customer,” said John Wojick, senior vice president of Global Sales and Marketing, Boeing Commercial Airplanes. “As China’s first Skytrax 5-star airline, Hainan continues to modernize its fleet with market-leading next-generation airplanes, including the 787 Dreamliner and now the 737 MAX. We are confident that the 737 MAX will play a significant role in Hainan’s continued success.”

The 737 MAX has surpassed 2,100 orders from 42 customers worldwide and is the fastest selling airplane in Boeing history. The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.

The 737 MAX 8 provides customers with more flexibility and cost efficiency than the competition in the heart of the single-aisle market. Airlines operating the 737 MAX 8 will see an 8 percent operating cost per seat advantage over the A320neo.

Source: Boeing.

Boeing, Air Algerie Announce Order for Two Next-Generation 737-700Cs

Courtesy: Boeing.

Courtesy: Boeing.

Boeing and Air Algerie today announced an order for two Next-Generation 737-700C (Convertible) airplanes, valued at $152 million at current list prices. The order continues Air Algerie’s fleet renewal and expansion following January’s order for eight 737-800s.

The addition of 737-700Cs to the Algerian-flag carrier’s fleet will provide the airline with increased flexibility depending on passenger and cargo demands. The order was booked in May 2014 and previously posted as unidentified on the Boeing Orders & Deliveries website.

“The 737-700C will provide our fleet with flexibility, and enhances our ability to carry cargo on important routes,” said Mohamed Salah Boultif, chief executive officer of Air Algerie.

Enabling airlines to alternate between passenger and cargo layouts on a daily, weekly or seasonal basis depending on market requirements, the 737-700C highlights the outstanding flexibility of the Next-Generation 737 family.

The 737-700C is a derivative of the 737-700 with strengthened wings, a main-deck cargo door and an in-floor cargo-handling system. In an all-passenger layout, the 737-700C can carry up to 140 passengers, while the all-cargo layout provides up to 40,000 pounds (18,200 kilograms) of capacity.

“With an expanding route network, coupled with the growth of the cargo market in North Africa, the 737-700C provides Air Algerie with the flexibility to maximize its revenues across both its passenger and cargo operations,” said Van Rex Gallard, vice president of Sales for Africa, Latin America and the Caribbean, Boeing Commercial Airplanes. “Boeing is proud of the partnership it has built with Air Algerie over the past five decades and is committed to ensuring that the airline continues to flourish through utilizing our range of exceptional airplanes.”

Based in Algeria’s capital city Algiers, at Houari Boumedienne International Airport, Air Algerie currently serves more than 40 destinations across Africa, Asia, Europe, North America and the Middle East. The North African carrier currently operates a fleet of 17 737-800s and five 737-600s and following today’s announcement has a total of eight 737-800s and two 737-700Cs unfilled orders from Boeing.

Source: Boeing.

Boeing, CIT Group Announce Order for 10 Additional 787-9 Dreamliners

Courtesy: Boeing.

Courtesy: Boeing.

Boeing and CIT Group Inc., a global leader in transportation finance, announced today that CIT Aerospace has placed an order for 10 787-9 Dreamliners, valued at $2.5 billion at current list prices. This brings the leasing company’s total 787 orders to 20, including 16 787-9s.

“We are pleased to place this order for 10 787-9 Dreamliner aircraft,” said Jeff Knittel, president, CIT Transportation & International Finance. “These aircraft will add to our growing fleet of fuel efficient aircraft that remain in high demand from our airline customers, who also seek state-of-the-art aircraft that provide increased comfort and convenience for the traveling public.”

“CIT is one of the leading companies in global transportation finance and clearly recognizes the value the 787-9 will bring to its airline customers,” said John Wojick, Senior Vice President Global Sales and Marketing, Boeing Commercial Airplanes. “Airlines appreciate the economics with reduced fuel consumption, while their passengers love the Dreamliner experience.”

The Boeing 787-9 Dreamliner is the second member of the super-efficient 787 family and celebrated its first customer delivery in June. Both the 787-8 and 787-9 bring the economics of large jets to the middle of the market, with 20 percent less fuel use and 20 percent fewer emissions than similarly sized airplanes and passenger-pleasing features. At 20 feet (6 meters) longer than the 787-8, the 787-9 extends the family in capacity and range, flying more passengers and more cargo farther.

Founded in 1908, CIT is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retail and equipment finance, as well as aerospace, equipment and rail leasing. CIT’s U.S. bank subsidiary CIT Bank (Member FDIC), BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals.

Source: Boeing.