Delta is pleased by the U.S. International Trade Commission’s ruling rejecting Boeing’s anticompetitive attempt to deny U.S. airlines and the U.S. traveling public access to the state-of-the-art 110-seat CS100 aircraft when Boeing offers no viable alternative. The airline looks forward to introducing the innovative CS100 to its fleet for the benefit of Delta’s employees, customers and shareowners.
Posted on January 26, 2018 by Scott Hamilton
Statement by The Boeing Company
January 26, 2018
“We are disappointed that the International Trade Commission did not recognize the harm that Boeing has suffered from the billions of dollars in illegal government subsidies that the Department of Commerce found Bombardier received and used to dump aircraft in the U.S. small single-aisle airplane market. Those violations have harmed the U.S. aerospace industry, and we are feeling the effects of those unfair business practices in the market every day.
“While we disagree with the ITC’s conclusion today, we will review the Commission’s more detailed opinions in full as they are released in the coming days.
“Boeing remains confident in the facts of our case and will continue to document any harm to Boeing and our extensive U.S. supply chain that results from illegal subsidies and dumped pricing. We will not stand by as Bombardier’s illegal business practices continue to harm American workers and the aerospace industry they support. Global trade only works if everyone adheres to the rules we have all agreed to. That’s a belief we will continue to defend.”
Posted on January 26, 2018 by Scott Hamilton
Montréal, January 26, 2018 – Today’s decision is a victory for innovation, competition, and the rule of law. It is also a victory for U.S. airlines and the U.S. traveling public. The C Series is the most innovative and efficient new aircraft in a generation. Its development and production represent thousands of jobs in the United States, Canada, and the United Kingdom. We are extremely proud of our employees, investors and suppliers who have worked together to bring this remarkable aircraft to the market. With this matter behind us, we are moving full speed ahead with finalizing our partnership with Airbus. Integration planning is going well and we look forward to delivering the C Series to the U.S. market so that U.S. airlines and the U.S. flying public can enjoy the many benefits of this remarkable aircraft.
Posted on January 26, 2018 by Scott Hamilton
Jan. 26, 2018: In a shocking reversal and a stunning defeat for Boeing, the US International Trade Commission ruled unanimously Boeing was not harmed by Bombardier’s government subsidies and low-price deal to sell 75+50 CS100s to Delta Air Lines.
This means the prospect of tariffs, of 292%, is dead.
Details to come.
Posted on January 26, 2018 by Scott Hamilton
January 26, 2018, ©. Leeham Co: In the last Corner, we discussed Induced drag after having covered Friction drag and Form drag. These are the main drag components of a subsonic aircraft.
As the aircraft flies over Mach 0.5, an additional drag is added, this time based on the air’s compressibility, transonic or supersonic drag.
Posted on January 26, 2018 by Bjorn Fehrm
Special to Leeham News
By Jack Dutton
Jan. 25, 2018, © Airfinance Journal, Dublin: The opacity of the industry in regard to asset prices is one of the main challenges for aircraft lenders and investors, according to a panel of investors speaking at the 20th Annual Global Airfinance Conference in Dublin.
“The lack of transparency on pricing is your biggest challenge as an aircraft lender or holder. The leasing companies were in the best position to hold good pricing information,” said David Andrews, managing partner of transport, Hudson Structured Capital Management.
Posted on January 25, 2018 by Scott Hamilton
Special to Leeham News
By Michael Allen
Jan. 25, 2018, © Airfinance Journal, Dublin: “We get asked to value a portfolio of 35-aircraft,” says Rikard de Jounge vice president – asset valuations at Avitas.
“No one tells you that the valuation is for an ABS transaction. They just ask for market and base values,” he adds.
Stuart Hatcher, head of intelligence at IBA Group, says it is still a “secretive market”.
“Providing that we are dealing with sellers, the information is generally good. The issue we tend to find is with the arrangers. And the communication can be quite sporadic,” he says.
The other issue is how much you are including into a valuation for a lease-attached aircraft.
Posted on January 25, 2018 by Scott Hamilton
By Bjorn Fehrm
Subscription Required
January 25, 2018, © Leeham Co.: In the second article about the new Chinese/Russian widebody, CR929, we looked at the size of the aircraft and its passenger capacity. The CR929 can be best described as a shorter range version of Boeing’s 787-9. We also presented the chosen technologies for the project.
Now we continue and look at the challenges the aircraft poses to the involved manufacturers. Neither of them (COMAC of China and United Aircraft of Russia) have developed and certified an aircraft like the CR929 before.
Posted on January 25, 2018 by Bjorn Fehrm
Jan. 24, 2018, © Leeham Co.: Dublin, Ireland: Boeing sees the 100-150 market sector as 10%-15% of the 20-year single-aisle market demand, or about 3,000-4,500 aircraft.
This compares with the 6,000-7,200 forecast by Bombardier.
Other companies fall within the 4,000 range.
Boeing doesn’t specifically segment the sector in its Current Market Outlook the 20-year forecast for regional, mainline, twin-aisle and cargo aircraft. However, Robert Michael, senior manager of product marketing for Boeing, disclosed the figure at the 20th Annual Airfinance Journal Conference Monday.
Michael said he expects the 737-7 MAX to capture about half the demand.
Posted on January 24, 2018 by Scott Hamilton
Jan. 24, 2018, © Leeham Co.: Dublin, Ireland: Even as new airplane programs are winding down at the Big Four OEMs, 2018 will be a year of transformation for the commercial aerospace industry, LNC told an audience at the 2018 Airfinance Journal Conference in Dublin yesterday.
Airbus is wrapping up its A320neo family program. The last model, the A319neo, will enter service this year.
Boeing’s 737 MAX family is progressing. The MAX 9 enters service this year, followed by the MAX 7 next year. The MAX 200 EIS is also in 2019 and the MAX 10 EIS is in 2020.
The Boeing 787-10 was certified by the Federal Aviation Administration this week. It enters service this year, the last of the 787 models.
The 777X is two years away from EIS.
Posted on January 24, 2018 by Scott Hamilton