Leeham News and Analysis
There's more to real news than a news release.
Leeham News and Analysis
- Dissecting Boeing CEO’s statement next new airplane will cost $50bn April 15, 2024
- Bjorn’s Corner: New engine development. Part 3. Propulsive efficiency April 12, 2024
- A350-1000 or 777-9? Part 2 April 11, 2024
- Pontifications: Boeing “transparency”–not so much. April 9, 2024
- Airbus charges and write-offs since 1999: more than €33bn April 8, 2024
737RE? Forgettaboutit
In what is, perhaps, the clearest signal Boeing isn’t going to re-engine the 737, and that it will take on the Airbus A320NEO head-on with an upgraded model, take a look at the last line of the AerCap press release announcing the signing of a letter of intent to order the 737-800–the first new-airplane order from Boeing from this previously all-Airbus new order customer:
AMSTERDAM, Nov. 18, 2010 /PRNewswire-FirstCall/ — AerCap Holdings N.V. (“AerCap,” NYSE: AER) announced that yesterday it has signed a Letter of Intent with The Boeing Company covering the purchase of up to 15 737-800 aircraft, consisting of 10 firm aircraft and 5 purchase rights.
Klaus Heinemann, CEO of AerCap, commented: “We are extremely pleased to enter into a direct purchase arrangement with Boeing, while AerCap’s portfolio of lease assets already contains a large number of Boeing aircraft, this is the first time that AerCap will buy directly from the manufacturer. The 737-800 with its recently announced performance upgrade, its new cabin interior and the superb on wing performance of its CFM engines makes it a formidable competitor to any re-engine alternative.” (Emphasis added.)
The recently announced performance upgrade where “recently” refers to 2008, right? We are talking about 2% here. I think you are reading too much into it.
I agree with you on the headline, though 😉
Well, since the B-737NG series already enjoy a 2%-3% fuel burn advantage over their A-32X series counterparts, this additional 2%-3% reduction is very attractive.
2009, actually.
What is remarkable here is that it took 40 years to figure out that streamlined anti-collision lights may yield a drag saving.
I wonder how much of a discoutn he got for that last line?! =:))
I used to wonder what Mr. Udvar Hazy gained from his “arf, arf dog” ding towards Airbus and the A350 😉
apropos:
Boeing seems to have dived deeply into the “treats” box this year.
http://www.aviationweek.com/aw/generic/story.jsp?id=news/avd/2010/11/23/07.xml&headline=Leahy:%20'Incentives'%20Behind%20737's%20Sales%20Success&channel=comm