Leeham News and Analysis
There's more to real news than a news release.
Leeham News and Analysis
- Bjorn’s Corner: New engine development. Part 5. Turbofan design problems April 26, 2024
- Airbus 1Q2024 results: Airbus CEO: “A350 in-service experience drives positive reputation and orders” April 25, 2024
- A350-1000 or 777-9? Part 3 April 25, 2024
- Boeing CEO promises company is turning around…again April 24, 2024
- Solid start for stand-alone GE Aerospace despite cuts to LEAP output April 23, 2024
777-300ER, 737-800 top Airfinance Journal poll; A330, A320 close behind
Boeing’s 777-300ER once again topped the poll by aviation financial trade magazine Airfinance Journal, which has been doing the polling for as long as we can remember.
On a scale of 0-5, the 777 ranked 4.2, followed closely (but under 4.0) by the Airbus A330-200 and A330-300.
AFJ polls investors who finance or buy airplanes for their preferences.
Gary Liebowitz of Wells Fargo Securities published the rankings in his latest Liebo’s Leasing Letter.
Voice of Watergate Past: Tanker date may be “inoperative”
It never ends.
Reuters has this story that the tanker award date may slip from the November 12 dated, but we shouldn’t be surprised, since we suggested as much quite a while ago.
What caught our attention is the wording of the USAF statement, as reported by Reuters:
US appeal of Airbus WTO ruling aimed at A350, future of A320
There is been some perplexed reaction to the appeal by the US Trade Representative to the World Trade Organization that the USTR and Boeing claimed only a few months ago were sweeping victories in the complaint that Europe had illegally subsidized Airbus over four decades.
There shouldn’t be any confusion; the answer is simple. Say “A350” and “A320.”
To be sure, the US won most of the important points it challenged but as Airbus, its parent EADS and the European Union pointed out at the time—and which we reported—the US failed to prevail on the all-important point that launch aid, per se, was illegal.
The US appealed this finding, as well as findings that certain financial aid provided by France for the A380 development was not illegal export subsidies. The US also has appealed this finding.
Here’s what Airbus said Friday in response to the US appeals:
RR speaks out on NEO vs new airplanes
Rolls-Royce speaks out on its views of Airbus and Boeing going with a new engine option for their A320-737 class airplanes in this long Wall Street Journal article.
We’ll make two observations:
US Aerospace’s AN-112KC
When a small company called US Aerospace announced it teamed with Ukraine’s Antonov to offer an aerial refueling tanker called the AN-112KC, observers from all over the industry scratched their heads in puzzlement.
First, few had heard of US Aerospace. It turns out that this is a “Pink Sheet” publicly traded company that is in financial difficulty. A “Pink Sheet” company is a mechanism in which stock of companies that typically cannot qualify for the major exchanges can be traded, or stock that is called “Penny Stock” is trade. Penny Stock is stock that sells for, well, pennies. Bankrupt companies are also often traded on the Pink Sheets.
US Aerospace is in default of significant debt and it has owed back taxes to the US government. It latest quarter report indicated around a half-million dollars in cash.
O’Keefe fate unknown; assessing impact on tanker competition
The fate of Sean O’Keefe, CEO of EADS North America, who was among those on the de Havilland DHC-3 Otter than crashed and killed five of the nine people on board, remains unknown. Former Alaska Sen. Ted Stevens, for whom O’Keefe once worked, was killed, according to NBC and CBS news.
O’Keefe reportedly was traveling with his son. The elder O’Keefe often accompanied Stevens on fishing trips.
EADS NA is in a controversial and bitter competition with The Boeing Co. to win the contract for the KC-X USAF aerial tanker. Whether O’Keefe was among those killed or serious injuries require a long recovery period, his absence from the EADS leadership is unlikely to affect the company’s effort to win the contract.