Feb. 29, 2016 (c) Leeham Co.: “The world is changing very dramatically,” says Adam Pilarski, the economist for the consulting firm Avitas.
Adam Pilarski of Avitas always looks like a sad basset hound but is one of the most entertaining speakers at the ISTAT AGM.
“It is changing in a way Hollywood couldn’t imagine,” he said. There is uncertainty.
Pilarski, who peppers his speeches to ISTAT with irreverent humor, pointed to Trump, Carson, Cruz and Sanders as changing the rules of the game.
Feb. 29, 2016, (c) Leeham Co.: It was inevitable: a class action lawsuit was filed last week against The Boeing Co., its top officers and directors over the investigation by the US Securities and Exchange Commission of the company’s program accounting.
The lawsuit was filed last Wednesday.
The lawsuit alleges “among other things, that defendants issued materially false and misleading statements and/or failed to disclose that: (i) Boeing’s use of program accounting for its 787 Dreamliner and/or 747 jumbo aircrafts relied on inflated sales forecasts; (ii) Boeing’s use of program accounting for its 787 Dreamliner and/or 747 jumbo aircrafts relied on understated estimates of production costs; and (iii) as a result of the foregoing, Boeing’s public statements were materially false and misleading….”
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.
Summary:
19 February 2016, ©. Leeham Co: Last week I described how Mitsubishi Aircraft Corporation (MAC) issued a press release on Christmas day communicating MAC would be doing structural reinforcements on their test airframes before continuing flight testing. MAC was perhaps overzealous when informing the world that they would do minor reinforcements to two ribs and a few stub spars in order to pass Ultimate strength tests for the aircraft.
I rightfully thought this is the Japanese culture at play; there must not be a big problem behind it.
There was one more area of that press release that intrigued me. Here what it said: “The first flight and the subsequent flight tests have confirmed the basic characteristics to be satisfactory. However, we also have recognized several issues as we attempt to accelerate our development.”
Time to decrypt this as well and compare to what has become standard industry practice.
Feb. 25, 2016: Here’s some video coverage of the Embraer E190-E2 rollout events.
https://youtu.be/afTP9qsyZ5g
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.
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.
By Bjorn Fehrm
24 February 2016, ©. Leeham Co: Airbus will increase the production rate of the A330 from six per month to seven beginning next year, it was announced today. The move comes after reducing the rate from 10 to nine and then to six per month as demand fell for the A330ceo ahead of the development of the A330neo.
Strong sales of the ceo resulted in the about-face to increase the rate.
The news came from the Airbus Group financial results for full year 2015 today in London.
In all other aspects it was a year of solid execution with revenue up 6% to €64.5bn. Profits stayed flat at €4bn despite record deliveries; the A350 and A400M ramp-ups are costly exercises.
Other highlights were;