IRKUT MC-21 analysis, Part 4. Performance with PD-14

By Bjorn Fehrm

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Introduction

March. 14, 2016, ©. Leeham Co: In three articles we have been looking at the new Russian single aisle aircraft, Irkut MC-21, from United Aircraft and the new Russian engine that is being developed for the aircraft, the PD-14.

The PD-14, which is offered as an alternative to the base engine for the aircraft, the Pratt & Whtiney PW1400G, was analysed in our Part 3 article. We now mount the engine on the MC-21 and explore the difference in performance compared to the base engine.

Summary:

  • The PD-14, which is a new engine designed by the Aviadvigatel company, is a clear step forward for the Russian turbofan industry.
  • In our analysis in Part 3, we could see that it has a classical direct drive construction with a good level of technology in several parts.
  • Weight and installation dimension are similar to the competition but efficiency is a bit behind.
  • We now explore the performance of the MC-21 with the Russian engine.

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MOMentum appears to be slowing for new Boeing airplane

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Introduction

Model design and paint by Camil Valiquette. Photo via Google.

March 10, 2016, © Leeham Co.: MOMentum for the Middle of the Market aircraft seems to be slowing from last year, as potential buyers and Boeing struggle to define an aircraft that would be affordable to build, affordable to buy and fulfill different mission requirements for capacity or range.

Meantime, Airbus is content to watch Boeing’s predicament, secure in what it believes is the winning strategy.

Summary

  • Attendees at the ISTAT conference last week had no consensus about what the airplane should be, when or even if Boeing should launch the airplane.
  • Some customers want range, others want capacity.
  • “757 replacement?” Not really.

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The A350-900 explore its longer range capability

By Bjorn Fehrm

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Introduction

March 7, 2016, ©. Leeham Co: Airbus signed an MOU with Philippine Airlines for six A350-900 with options for six more at Singapore Air Show. The deal is significant because the airline’s President & COO, Jaime J. Bautista, said that the aircraft’s range played an important role in the selection process.

The A350-900 was not designed as an especially long range aircraft, not more so than its main alternative, the Boeing 787-9. Yet in two recent selections, for Singapore Airlines and now Philippine Airlines, the range of the A350-900 has won the deal for Airbus. We explain why.

Summary:

  • The Boeing 787-9 has a standard range which is equal to the A350-900, around 7,600nm measured under equal conditions.
  • Yet the A350-900 comes out on top when Airbus and Boeing are asked to offer extended range versions of these aircraft.
  • We use our proprietary aircraft model to go behind the scenes and investigate what makes the A350 more adapted to stretches into the space of ultra-long-range aircraft than Boeing’s 787-9.

 

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Airbus needs more vertical integration, says official

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Introduction

John Leahy

John Leahy, chief operating officer-customers. Airbus photo.

March 3, 2016, © Leeham Co.: Airbus may well have avoided the supplier-driven delivery delays on its A350s had the company brought some key work in-house and become more vertically integrated, says its chief operating officer-customers.

Airbus has been bedeviled by delays in business class seat and galley deliveries from supplier Zodiac, resulting in delayed deliveries of the A350-900 to several airlines.

John Leahy, in an interview with LNC at the International Society for Aircraft Transport Trading (ISTAT) conference Feb. 29-March 1 in Phoenix (AZ), said Airbus shouldn’t be at the mercy of suppliers of interiors. His wide-ranging interview also touched on several other topics.

Summary

  • Airbus should have become more vertically integrated 10 years ago.
  • Basic supply chain solid.
  • Speaks about PW GTF, CFM LEAP
  • Airbus considering higher production rate on A320 than the announced 60/mo.

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IRKUT MC-21 analysis, Part 3. The Russian engine alternative

By Bjorn Fehrm

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Introduction

Feb. 29, 2016, ©. Leeham Co: In two articles we have been looking at the new Russian single-aisle aircraft, Irkut MC-21from United Aircraft. Now it’s time to analyze the new Russian engine, PD-14, which is offered as an alternative to the base engine for the aircraft, the Pratt & Whitney PW1400G. PD-14 engine

Summary:

  • The PD-14 is a new engine designed by the Aviadvigatel company, a merger of the Soloviev design bureau with the Perm engine company.
  • PD-14 is a modern 31klbf design aimed at several Russian aircraft, the first being the MC-21.
  • The technology and performance of the PD-14 engine are approaching its Western counterparts, Pratt & Whitney PW1400G and LEAP-1A, but not quite reaching their level. We go through where it differs. Read more

IRKUT MC-21 analysis, Part 2

By Bjorn Fehrm

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Introduction

Feb. 24, 2016, ©. Leeham Co: Two weeks ago we started our analysis of the new Russian single aisle aircraft, United Aircraft’s Irkut MC-21. We looked at key design features and compared these to the Airbus A320.

We also analyzed the passenger capacity where we found that the model which will start flight testing, the MC-21-300, has a capacity between the A320 and the A321. The closest aircraft in capacity and performance in the MC-21 lineup versus the competition would be the MC-21-200 and A320neo.

We have therefore decided to do our efficiency analysis between these variants.

Summary:

  • The MC-21 has a wider fuselage than the A320. This is a positive as it allows passengers to pass each other in the aisle of the cabin.
  • The drawback of the wider fuselage is a bit higher aircraft drag.
  • Coupled with a lower wing aspect ratio, the lighter MC-21 cannot open a fuel consumption advantage over the A320neo, despite being a more modern design.

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Welcome news for Bombardier, Mitsubishi

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Introduction

2000px-Air_Canada_LogoFeb. 22, 2016, © Leeham Co.: The large order (Letter of Intent) last week by Air Canada for 45 firm and 30 option CS300s was welcome news for Bombardier.

And the LOI from the US lessor, Aerolease, for 10+10 MRJ90s was welcome news for Mitsubishi.

We take a look at both announcements and what this means for the two programs.

Summary

  • The Air Canada order breaks the long drought in C Series orders, but it’s not enough for smooth sailing (to mix metaphors) for the aerospace company.
  • Continuing the mixed metaphor, Bombardier still has a long hill to climb.
  • MRJ order, by little known lessor, helps diversify customer base.

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Rolls-Royce, short and long term outlook

By Bjorn Fehrm

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Introduction

Feb. 18, 2016, ©. Leeham Co: Rolls-Royce reported earnings for the full year results for 2015 Friday. The share price took a hike after more than one and a half years of being pressed down by bad news.

There was nothing really new that was presented last Friday, with revenue of £13.4bn and profits before tax of £1.4bn. Both results were within the market’s expectations. It was rather the lack of more bad news that made the stock soar to a new high.

We now go behind the scenes to analyze why the stock is depressed and if this is a long term state for Rolls-Royce.

Summary:

  • Rolls-Royce has delivered one bad news after the other since May 2014.
  • The causes behind the bad news have varied between challenges in its Marine business to more competition and lower deliveries for its best-selling Civil Aerospace engine, the Trent 700.
  • Rolls-Royce has also been criticized for boxing in of customers with its after-market TotalCare maintenance program. We describe what has changed and how this affects the situation.
  • The company is also facing some accounting standard changes with the introduction of IFRS 15 for 2018. We discuss what consequences this might have.

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Bombardier earnings preview

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Introduction

Feb. 16, 2016, ©  Leeham Co.: Bombardier’s fourth quarter and full year 2015 financial results will be reportedBBD CS 100 Wednesday, and we don’t expect the situation to be pretty.

Yes, officials will highlight the recent closing of the sale of 30% of the Transportation (Rail) subsidiary.

Yes, the C Series is now on a world tour and appearing at the Singapore Air Show this week.

Yes, the CS100 will enter service in the second quarter.

Yes, the CS300 should be certified, delivered and enter service before the end of this year.

But missing will be any concrete information about new orders.

Summary

  • Still no C Series orders since September 2014.
  • Bombardier has its hand out for more government aid.
  • ATR is making a new push in China and North America, the latter a stronghold for the Q400.

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Dissecting Boeing cost-cutting

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Introduction

Feb. 11, 2016, © Leeham Co. The news yesterday that Boeing is undertaking a new roundBoeing Logo of cost-cutting has been buzzing around management and labor circles for months.

LNC last year began hearing management at Boeing Commercial Airplanes would likely face personnel cuts of 10% to 15%. Cuts were expected within the marketing/sales departments, in part due to struggling sales of the 7-Series airplanes, sources told LNC.

The leading labor unions, SPEEA (engineers) and IAM 751 (touch labor), each told LNC last year they expected workforce layoffs were in the future.

More ominously, a consultant who occasionally worked with Boeing, told LNC that the elevation of Dennis Muilenburg from president and chief operating office to president and CEO (and, eventually, chairman) would make former CEO Jim McNerney’s cost- cutting efforts pale by comparison.

Summary

  • Major layoffs predicted at Boeing’s Share Services Group.
  • Work continues to be shifted out of Washington State.
  • Large number of retirements at IAM and SPEEA expected by year end.
  • Airbus pricing pressure, 787 deferred production costs, commitments to shareholders and 777X squeeze cash flow.
  • “Mac the knife.”

 

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