Nov. 8, 2018, © Leeham News: Bombardier today announced the sale of its slow-selling, aging Q400 turboprop program to Canada’s Viking Air.
Viking previously purchased out-of-production Bombardier/de Havilland aircraft programs, including the Twin Otter, Beaver and CL-415 firefighting bomber.
Twin Otter production was restarted. The Beaver was not an is not in the cards to be restarted. The CL-415 was limping along, and no longer a contributor to Bombardier’s cash flow and profits.
“The Company entered into definitive agreements for the sale of the Q Series aircraft program and de Havilland trademark to a wholly owned subsidiary of Longview Aviation Capital Corp. for approximately $300m,” Bombardier said in a press release. It also announced the sale of other assets for $800m. The two deals are expected to close in the second half of 2019.
The low price reflects the struggles the Q400 has had for years. Bombardier lost money on the Q400 in recent years.
Bombardier also said it is considering its options for the aging, struggling CRJ program. Read more
Oct. 22, 2018, © Leeham News: Bombardier has a firm backlog of 67 Q400 turboprops. ATR has a backlog of 256 through Oct. 20, according to the Airfinance Journal Fleet Tracker.
Bombardier has 83 CRJ jets of all models in backlog. Embraer has 442 orders for all E-Jet models. Mitsubishi has 213 firm orders for its MRJ70/90.
This is just an 11% market share for the CRJ.
These figures illustrate why the market doubts Bombardier’s long-term future in commercial aerospace.
The value was more than $128bn.
Credit Suisse issued its post-air show note today with a complete listing.
Orders announced previously but were listed as Unidentified until the air show were not included.
By Alex Derber
July 16, 2018, (c) Airfinance Journal: Day One of Farnborough 2018 belonged firmly to Boeing in terms of firm orders, although the US manufacturer saved up many of its largest announcements from deals done earlier in the year. Airbus, meanwhile, almost achieved parity if one includes softer commitments from airlines and lessors, although there were some speculative deals, notably a memorandum of understanding (MoU) for 17 A350s from Starlux, a Taiwanese start-up not yet in business.
Other noteworthy deals included lessor Jackson Square Aviation’s first new aircraft order and United decision to buy E175s rather than the newer E2 variant.
By Bjorn Fehrm
April 18, 2018, ©. Leeham News: Indigo started its operation 2006, offering low-cost air travel to the masses in India. The year after, Air India and Indian Airlines, the state-owned flag International and Domestic carrier, merged to form India’s largest airline at the time, Air India.
By the end of 2010, Indigo passed Air India and by 2013 Jet Airways for domestic passenger market share, a position it has kept since.
March 12, 2018 © Leeham Co.: Embraer isn’t planning any new airplane any time soon, but studies about a turboprop and an electric airplane are underway.
The current focus is on introducing the Ejet-E2 into service, however. The E190-E2 goes into service next month. The E195-E2 follows next year and the E175-E2 in 2021.
Studies about the electric plane, with 50 passengers or less, perhaps are more esoteric than pending reality. Airbus and Boeing also are studying this concept.
The prospect of a turboprop may be more rooted in reality, however.
Oct. 16, 2017, © Leeham Co.: President Donald Trump announced Friday he will decertify the Iran nuclear deal, throwing into doubt a host of related commercial deals, including huge aircraft orders.
Trump hasn’t gone so far as to withdraw from the pact, but he still threatens to do so unless Congress makes changes he wants.
Here in the US, focus is, of course, on the commitment by Iran for Boeing aircraft—none of which are firm contracts, but “commitments” to order.
Of less focus here, if any, is on the outstanding orders placed by Iran for Airbus and ATR aircraft, which are subject to US licensing.
Sept. 20, 2017, © Leeham Co., Montreal: Pratt & Whitney Canada FAST system monitoring for engines on regional airliners is also part of its general and corporate aviation and helicopter customer support.
FAST isn’t an acronym. It describes the intent of quickly responding to issues that arise and to identify issues that are trending before these create a serviceability problem.
“We are continuing to develop the FAST system, which transmits health monitoring parameters and can reduce maintenance costs, Frederic Lefebvre, VP-Marketing for Regional Airlines, told LNC during our visit to PWC last week.
Sept. 14, 2017, © Leeham Co., Montreal: The prospect of a clean-sheet design turboprop to replace the Bombardier Q400 and ATR series likely has moved to the right by two to three years,
and the total market remains small, but Pratt & Whitney Canada is forging ahead with development of the next generation engine.
The goal is to reduce fuel consumption by 15%-20% compared with today’s ubiquitous PW127 and PW150, which continue to see reductions in fuel burn through product improvement packages.
Frederic Lefebvre, VP-Marketing for Regional Airlines, now sees development of the new turboprop slipping to 2022-2026 compared with previous forecasts of an EIS in 2020-2023.
Sept. 13, 2017, © Leeham Co.: Bombardier wasn’t “fully at the top of its game for focus and messaging on the Q400 and CRJ,” a top official admitted Tuesday. But the company is “turning that around” and initial results were seen at last summer’s Paris Air Show with a spurt of orders for the turboprop airliner.
Colin Bole, SVP Commercial made the remarks at BBD’s media day at its Mirabel CSeries/CRJ production site.