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Introduction
Aug. 7, 2017, © Leeham Co.: Amid talk that Middle Eastern airlines, which are the largest group of users for wide-body aircraft, may defer Airbus and Boeing airplanes, there are conflicting signs that the bleak view of the sector isn’t as weak as perceived.
Just last week, two big lessors—Air Lease Corp and AerCap–of widebody airplanes said they are confident in the sector.
Few orders have been received for the Boeing 777-8 ultra-long range airplane. Sales for its larger sibling, the 777-9, have stalled. Along with the Airbus A380 and Boeing 747-8, demand is seen as limited.
AerCap ordered 30 Boeing 787s at the Paris Air Show. ALC has a significant order of Airbus A330neos.
And, the chairman of Emirates Airline said in an interview with the region’s The National newspaper that despite the current challenges at the carrier, it expects to announce an order before the end of the year for either the 787 or the Airbus A350—and possibly the Airbus A380.
Quantities on the former weren’t discussed. Airbus is pitching 20 A380s, according to accounts.
Still, there are a large number of Boeing 777s and Airbus A330s coming off lease in the next few years that could slow orders if these aircraft are offered on the secondary market with low enough lease rates.
Summary
- Air Lease Corp.’s wide-body aircraft are placed. A330neo orders late due to engine delays.
- AerCap sees strong wide-body market, reaffirmed with 787-9 order.
- More than 100 A330ceos and 777 Classics potentially entering secondary market soon.
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Boeing’s tactical option for MOM sector
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Aug. 14, 2017, © Leeham Co.: It’s not a done deal yet—the business for the so-called Boeing 797 remains a challenge. But the consensus is that Boeing will launch the program next year, for an entry-into-service around 2025.
Boeing 797 concept. Source: Boeing.
Yet there are airlines that say they don’t want to wait that long for a new airplane.
What are their choices?
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7 Comments
Posted on August 14, 2017 by Scott Hamilton
air force tanker, Airbus, Airlines, American Airlines, Boeing, Bombardier, CFM, Delta Air Lines, GE Aviation, Leasing, Leeham News and Comment, Middle of the Market, MOM, Pratt & Whitney, United Airlines, US Airways
737-10, 737-9, 757, 767-200ER, 767-300ER, 777, 777-300ER, 797, A330-200, A330-800, Airbus, airlines, American Airlines, Boeing, Delta Air Lines, Japan Air Lines, Middle of the Market, MOM, New Midrange Aircraft, NMA, United Airlines
CSeries starts operations from London City Airport
By Bjorn Fehrm
August 09, 2017, © Leeham Co.: Bombardier (BBD) CSeries has done its first revenue flight to London City Airport. It was a scheduled Swiss International Airlines (SWISS) flight from Zurich that landed on the airport yesterday.
With the CSeries operational from London City, the route network that can be flown from the downtown airport changes significantly. Europe out to Moscow or Las Palmas is accessible and an all business class CS100 could fly direct to New York.
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54 Comments
Posted on August 9, 2017 by Bjorn Fehrm
Airlines, Bombardier, CSeries, Pratt & Whitney
Bombardier, CS100, CSeries, London City Airport, Pratt & Whitney
Delta asks Commerce to redefine scope of Boeing-Bombardier case
Bombardier CS100.
Aug. 8, 2017, © Leeham Co.: Delta Air Lines asked the US Department of Commerce to redefine the scope of the Boeing complaint of Bombardier price dumping in its CS100 order with the carrier, filings at DOC show.
Delta asked the DOC to redefine the aircraft definition from 100-150 seat to 125-150 seats, arguing that Boeing doesn’t make in airplane in the 100-125 seat size and therefore isn’t harmed by competition in the sale of the 110-seat CS100 that Delta ordered.
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66 Comments
Posted on August 8, 2017 by Scott Hamilton
Airbus, Airlines, Boeing, Bombardier, Delta Air Lines, Embraer
737-7, 737-700, Airbus, airlines, Boeing, Bombardier, CS100, CS300, Delta Air Lines, E-190, Embraer, US Department of Commerce, US International Trade Commission
Key lessors see strong wide-body market despite worries
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Introduction
Aug. 7, 2017, © Leeham Co.: Amid talk that Middle Eastern airlines, which are the largest group of users for wide-body aircraft, may defer Airbus and Boeing airplanes, there are conflicting signs that the bleak view of the sector isn’t as weak as perceived.
Just last week, two big lessors—Air Lease Corp and AerCap–of widebody airplanes said they are confident in the sector.
Few orders have been received for the Boeing 777-8 ultra-long range airplane. Sales for its larger sibling, the 777-9, have stalled. Along with the Airbus A380 and Boeing 747-8, demand is seen as limited.
AerCap ordered 30 Boeing 787s at the Paris Air Show. ALC has a significant order of Airbus A330neos.
And, the chairman of Emirates Airline said in an interview with the region’s The National newspaper that despite the current challenges at the carrier, it expects to announce an order before the end of the year for either the 787 or the Airbus A350—and possibly the Airbus A380.
Quantities on the former weren’t discussed. Airbus is pitching 20 A380s, according to accounts.
Still, there are a large number of Boeing 777s and Airbus A330s coming off lease in the next few years that could slow orders if these aircraft are offered on the secondary market with low enough lease rates.
Summary
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Posted on August 7, 2017 by Scott Hamilton
Airbus, Airlines, American Airlines, Boeing, Lessors, Paris Air Show, Premium
747-8I, 777 Classic, 777-9, A330, A350, A380, Aengus Kelly, AerCap, Air Lease Corp., Airbus, airlines, Boeing, John Plueger, Lessors, Steven Udvar-Hazy
Etihad clears the decks
By Bjorn Fehrm
August 2, 2017, ©. Leeham Co: “Etihad, where to now?” was our headline on our May review of the Gulf airline. The 2016 revenue and earnings were not clear at the time.
Etihad group has now released the results, with a group loss of $1.9bn on revenues of $8.4bn. This is a shortfall of almost a quarter of the turnover, a dramatic change from a profit of $259m the year before.
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12 Comments
Posted on August 2, 2017 by Bjorn Fehrm
Airbus, Airlines, Boeing, Etihad Airways
Airbus, Boeing, Etihad Airways
Mid-year production update at Airbus
July 27, 2017, © Leeham Co.: It’s mid-way through 2017 and LNC is taking its second look at production and delivery stream flows for the Big Four airframe manufacturers.
We examined Boeing Monday in advance of its earnings call Wednesday. Today we look at Airbus in advance of its earnings call today. We look at Bombardier and Embraer next Monday.
We use the Airfinance Journal Fleet Tracker as the basis for our exam.
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28 Comments
Posted on July 27, 2017 by Scott Hamilton
Airbus, Airlines, American Airlines, Boeing, Delta Air Lines, Emirates Airlines, IATA, Paris Air Show, Pratt & Whitney, Qatar Airways, United Airlines
A320, A330, A350, A380, Airbus, Amedeo, Avolon, Boeing, CIT Aerospace, GTF, Pratt & Whitney, Qantas Airways, Virgin Atlantic Airways
Caution overhangs 777X program-(Update)
Update: This story is corrected.
July 21, 2017, © Leeham Co.: Lufthansa Airlines’ indications that it may reduce the order for 20 Boeing 777-9s underscores caution with which the program should be viewed.
Emirates Airline already rescheduled its first deliveries from 2020 to 2021.
The largest customer for the 777X, with 150 orders, EK is now pressured with falling profits, excess capacity and it’s one of three Gulf airlines under attack by the Big Three US carriers for alleged violations of Open Skies pacts.
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130 Comments
Posted on July 21, 2017 by Scott Hamilton
Airbus, Airlines, Boeing, Emirates Airlines
777-9, 777X, A380, Airbus, ANA, Boeing, Emirates Airline, Etihad Airways, Lufthansa Airlines, Qatar Airways, Singapore Airlines
Is Norwegian in trouble? Part 2
By Bjorn Fehrm
July 19, 2017, © Leeham Co.: Last week we raised the question if Norwegian Air Shuttle was in trouble. The CFO, Frode Foss, left a few days earlier. Analysts were worried and the stock dived 8%.
Last Friday, the airline presented its 2Q2017 result. An optimistic report. New destinations, increasing revenue and a profit of NOK 861m ($107m). But the stock tanked further, now down 11%. What’s behind the increased worry?
36 Comments
Posted on July 19, 2017 by Bjorn Fehrm
Airbus, Airlines, Boeing, Pratt & Whitney
737 MAX, 787, A320NEO, GE Aviation, Norwegian Air Shuttle, Pratt & Whitney
Business case for NMA remains uncertain
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Introduction
July 17, 2017, © Leeham Co.: We’re half way through 2017. Boeing reported orders through July 11, a week ago. Airbus won’t update its July orders until the end of the month.
Through July 11, Boeing reported 116 net wide-body orders: 15 for the 767, 33 for the 777 and 75 for the 787. Net cancellations of -7 for the 747 are included in the net 116 figure.
The 15 767s were not commercial models, however, but 767-2C tankers for the USAF.
Over at Airbus, none of China’s 40 commitments announced July 5 for 40 A350s are in the June summary, and won’t be in the Orders tally until the commitments turn into firm orders. Through June, airbus had net 26 widebody orders: three A330-200s and 29 A350-900. There were cancellations of four A330-800s and two A380s.
If the 40 China A350s were included, this would bring Airbus to 66 widebody orders, still well short of Boeing’s YTD figure.
Summary
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1 Comment
Posted on July 17, 2017 by Scott Hamilton
air force tanker, Airbus, Airlines, Boeing, China, GE Aviation, Lessors, Middle of the Market, MOM, Paris Air Show, Pratt & Whitney, Premium, Rolls-Royce
757, 767, 787-8, 787-9, 797, 797-6, 797-7, A321LR, A321NEO, A330-200, A330-800, Airbus, Boeing, Middle of the Market, MOM, NMA, Paris Air Show
Electronic check-in is out in new US security plan
London Heathrow Airport. Photo via Google.
July 13, 2017. © Leeham Co.: If you thought the US government ban on carrying electronic devices on board airliners in the name of heightened security was bad, that was going to be a minor inconvenience compared with what is in the works, LNC has learned.
The US Department of Homeland Security may announce as soon as next week a series of revisions to check-in procedures outside the US that will set the airline world back 30 years.
An international carrier advised LNC of the following, revised procedures DHS has notified it that will be put in place between now and October.
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24 Comments
Posted on July 13, 2017 by Scott Hamilton
Airlines
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