June 20, 2023, © Leeham News – While Monday’s news from the Paris Air Show was dominated by the one big Airbus order from Indian carrier IndiGo, Tuesday saw a host of smaller deals announced by OEMs, airlines and leasing companies.
IndiGo rival Air India also announced it had finalized its massive 470-jet order from February, which it had split between Boeing and Airbus.
While there was a significant volume of deals announced Tuesday, in many cases, they were formal announcements of deals that OEMs already were carrying on their order books.
The day after rival IndiGo made its big splash, it was Air India’s day to shine under the gray Le Bourget skies, releasing statements that it had completed its previously announced deals with Boeing and Airbus.
For Boeing, that meant confirmation of the order for 190 737s, 20 787s and 10 777X jets. Air India also has options on 50 more 737s and 20 more 787s.
Airbus also confirmed its previously announced deal with Air India for 140 A320s and 70 A321s, along with 34 A350-1000s and six A350-900s.
Air India also signed a letter of intent with Airbus for support services for the planes it had ordered.
As we noted yesterday, the IndiGo and Air India orders set the stage for significant growth and a major confrontation between the two carriers, plus a handful of smaller competitors, in a fight for market share in the world’s largest country.
Currently, there are about 700 aircraft in the combined fleets of all Indian airlines, which will need to increase infrastructure and hire flight crews and maintenance technicians to support all the new planes coming to them.
Taiwan’s state-owned carrier China Airlines placed an order for eight 787-9s on Tuesday. The deal already had been listed on Boeing’s books as an order to an unidentified customer.
China Airlines already had 16 787s on order from Boeing, from a deal announced last year. Part of this deal also involves converting six of those orders from 787-9s to 787-10s.
Jet-leasing company Avolon said it had ordered 40 737-8 jets.
“We are confident in the long-term demand from our customers for the 737 MAX, and this order extends our delivery pipeline out to 2030,” Avolon CEO Andy Cronin said.
Airlines are looking for more fuel-efficient aircraft, Cronin said, calling it “a priority for our industry.”
Avolon, Embraer and Toronto-based Porter Airlines announced a sale-and-leaseback agreement for 10 new Embraer E195-E2s. Porter, which serves routes in Canada, Chicago and the U.S. East Coast. As of March, it had 11 E195s in its fleet with another 39 on order.
Air Algerie confirmed it had ordered eight 737-9 passenger jets from Boeing, and announced a memorandum of understanding for two 737-800 Boeing-converted freighters.
The order for the 737-9s had been on Boeing’s books as an order from an unidentified customer.
Philippine Airlines announced Tuesday it had finalized a deal for 10 A350-1000 ULR jets with Airbus. The airline had signed an MOU for the planes last month.
The new planes will replace Boeing 777s the airline now operates, giving it an all-Airbus fleet.
The A350-1000 ULR is the ultra-long-range jet Qantas ordered for its Project Sunrise, and will give Philippine Airlines the ability to operate direct flights from Manilla to the U.S. East Coast.
Airbus announced Tuesday that Qantas Group had completed an incremental order for nine additional A220s, which it will use in its domestic route network. Qantas had ordered 20 of the single-aisle jets in 2022, and announced its intent to order more of them in February.
Airbus said deliveries will start at the end of 2023.
Mexican ultra-low-cost airline Volaris was announced Tuesday as the buyer of 25 A321neos that were added to the Airbus order book in October 2022.
Volaris now has 143 A320neo family aircraft on order. The airline said it plans to expand its route network throughout Mexico and the United States.
American Airlines announced a firm order with Embraer for seven new E175s. The aircraft will be operated by American’s regional subsidiary, Envoy Air, with deliveries to begin in this year’s fourth quarter.
Envoy is an all-Embraer carrier; this order will give it 141 E-Jets in its fleet by the end of next year.
Embraer announced a firm order for six E195-E2s from Binter, an airline based in the Canary Islands.
Binter was the first European airline to order the E195-E2 in 2019, ordering 16 of them, which are scheduled to be delivered by mid-2024. Deliveries on the new order will start after that.
Jet-leasing company Azzora was announced Tuesday as the buyer of 15 E195-E2 jets. The book has been on Embraer’s books since January.
This is the fourth announced deal for Azzora involving Embraer jets this year.
Mandarin Airlines ordered six ATR72-600 turbo-props for its regional fleet.
Mandarin is a subsidiary of China Airlines. It currently operates nine ATR72-600s, which it ordered in 2017. The airline said the new planes would allow it to add capacity on existing routes.
Eviation, which flew its battery-powered nine-seat Alice for the first time last year, announced it had signed a letter of intent with Aerolease Aviation for up to 50 planes.
Aerolease is a jet-leasing firm that has specialized in financing passenger-to-freighter conversions.
In the four years since the last Paris Air Show, Eviation has signed agreements for potential sales of more than $4 billion worth of aircraft, CEO Gregory Davis said. The company has not provided specifics on firm orders versus LOIs or MOUs, something we’ve noted in the past.
Boom announced deals with three European companies that will supply key aerostructures for its in-development Overture supersonic jet, and said it had an agreement with its engine supplier to deliver the first 40 engines for the project.
The suppliers are:
In addition, Boom said Florida Turbine Technologies would supply the first 40 engines for ground testing, flight testing and certification. That company previously had been identified as an partner developing engines for the project.