Leeham News and Analysis
There's more to real news than a news release.
PW Canada continues next-gen turboprop development despite airplane demand uncertainty
Pratt & Whitney Canada’s next generation turboprop. Source: PWC. Click on image to enlarge.
March 24, 2016, © Leeham Co.: Pratt & Whitney Canada (PWC) continues development of the next generation turboprop engine, even as low oil prices reduce the attractiveness of turboprop airplanes.
Few believe oil prices won’t creep back up over time, once again making prop-jets attractive once again. The ancillary question is what’s next for this type airplane? An entirely new, clean-sheet design? A 90-100 seat turboprop airplane? Or retrofitting this next-gen engine on today’s turboprop airliners?
Summary
- PWC’s new engine could be fitted to a new airplane design or retrofitted to today’s Bombardier Q400 and ATR series airplanes.
- The 20-year market is small.
- The 20-year market for a 90-seat turboprop is smaller still.
- Embraer is evaluating whether to reenter the turboprop market, 15 years after the last mass-produced Brasilia rolled off the assembly line.
- GE is developing a turboprop engine and at least three countries have interest in this sector.
Nordic Aviation Capital completes second major acquistion
March 15, 2016: Nordic Aviation Capital yesterday announced it acquired regional aircraft lessor Jetscape Aviation Group. This is the second major acquisition since 
December. Then, NAC agreed to acquire 25 ATR turboprop aircraft from Air Lease Corp., which decided to focus entirely on jets, most of which are mainline aircraft. All but a handful of the ATRs were already leased, with the remaining still in production.
Nordic had nearly 250 aircraft from the ATR and Bombardier Dash and Q families, plus a small number of Bombardier CRJs, Airbus A320s and Boeing 737s. The Jetscape acquisition brings Embraer EJets to the Nordic portfolio.
“The deal will see Nordic Aviation Capital expand into the regional jet arena, bringing 28 owned Embraer E-Jets, commitments for 11 E-Jets and a further 18 of the type under management into its sizeable regional aircraft portfolio,” the company said in a press release.
Embraer weighs in against Honeywell-UTC merger
Fred Curado, CEO of Embraer
March 1, 2016, © Leeham Co. Embraer joined Airbus and Boeing in opposing the potential acquisition by Honeywell of United Technologies Corp.
- We’re at the 2016 ISTAT AGM in Phoenix and will be reporting on presentations and news from the sidelines.
- Update, 0800 MST: Honeywell withdrew its $90bn bid for United Technologies, it was announced this morning.
UTC rejected the merger—which came to light last week—but it is unclear if Honeywell will continue to pursue the idea.
ISTAT Day 1: Engine updates for CFM, GE, RR and PW
Feb. 29, 2016, (c) Leeham Co.: The LEAP engine, for the Boeing 737 MAX, Airbus 
A320neo and COMAC C919 is the fastest-selling engine in history, says Jean-Paul Ebanga, the president of CFM International. More than 10,000 have been sold.
- We’re at the 2016 ISTAT AGM in Phoenix and will be reporting today and tomorrow on presentations and news from the sidelines.
“It’s on-time and on-spec,” Ebanga said. It’s either been on the date set four years ago or ahead of schedule. The engines delivered to Airbus for the A320neo are on spec, he said. It’s been certified for the neo and will be certified soon for the MAX, with 90% of the information submitted.
Video from the Embraer E190-E2 rollout
Feb. 25, 2016: Here’s some video coverage of the Embraer E190-E2 rollout events.
https://youtu.be/afTP9qsyZ5g
Pictorial from Embraer E190-E2 rollout
Feb. 25, 2016: Embraer rolled out its E190-E2 to a series of fly-bys of EMB aircraft ranging from a crop duster to the KC-390, hundreds of invited guests and media and thousands of its employees.
Here are some photos from the rollout.
E190-E2 No. 1, rolled out Feb. 25, 2016.
EJet-E2 ranged upped by 450nm
Feb. 24, 2016, © Leeham Co., Sao Jose dos Campos: The new Embraer EJet E2 will have 450nm more range than the previously advertised 1,920nm, the company announced today.
Luis Carlos Affonso, senior vice president of Embraer Commercial Aircraft, announced the change during media briefings in advance of the E190-E2 rollout tomorrow at the EMB plant here.
In strategy shift, Boeing backs 7 MAX: sources
Feb. 22, 2016, (c) Leeham Co. In a shift in strategy, Boeing is now fully backing development of the 737-7 MAX instead of urging the only two customers that have ordered the airplane to up-gauge to the MAX 8, sources tell LNC.
Southwest Airlines and WestJet are the only two operating airlines for the 7 MAX. There is a third customer, a start-up in Canada that has yet to begin operations.
Sources have told LNC for months that Boeing really didn’t really want to build the 7 MAX, for which there are only 55 orders. But Southwest needs the airplane for short-runway airports like Chicago Midway and Burbank (CA) and has resisted suggestions to up-gauge, LNC is told.
All this changed when it looked like Bombardier might make a sale of its all-new CS100 to United Airlines, LNC is told.