By Bjorn Fehrm
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Introduction
08 Feb 2015: Passenger traffic is growing the world over on a regional, domestic and international level. For domestic and international airlines the choice of mainline transport aircraft is clear today: there are only two vendors, Boeing and Airbus, and they produce similar products.
For regional transportation there is more choice. First of all, one can chose type of aircraft, turboprop or jet. Within jet, there are several OEMs that are active. The choice in turboprop is more restricted. In practice, the choice stands between the classical turboprop with ATR and a faster type from Bombardier, the Q400 “Prop-Jet” as it is called, as its speed lands between the classical turboprop and regional jet.
The question is, what are the real differences between them in terms of design, passenger comfort and economics and what is the right choice for a market segment? We will take a deeper look into this by analyzing the ATR72 as the classical turboprop, the Bombardier Q400 as the Prop-Jet and CRJ700 as the regional jet.
Summary:
Posted on February 8, 2015 by Bjorn Fehrm
Special to Leeham News and Comment
By Gueric Dechavanne
Collateral Verifications
Feb. 8, 2015: Apart from a few unfortunate events, the industry has been moving along quite nicely so far in 2015. Used single-aisle aircraft values and lease rates have remained somewhat stable for the most part whilst new aircraft continue to be in demand which means a competitive landscape for those looking to invest in the types. On the in-production front, Airbus A319s, A330-200s, and Boeing 737-700s continue to struggle to find homes as many operators look to their larger siblings for lift. Airbus A320s, 321s, 330-300s, A350-900, Boeing 737-800s, 777-300ERs, and 787s continue to be the aircraft of choice, which in turn has stabilized and even strengthened values and lease rates for most. We are starting to see some softening in 777 values, which we believe is due to the competitive nature of some of the Boeing campaigns to fill the order book until the 777X enters service.
Real-time flight tracking: At last, the airline industry is adopting rules to require real-time flight tracking. ICAO, the international organization governing rules and regulations, approved one to require real time tracking next year. The action is long overdue.
Singapore Airlines has made the decision to begin installing the system sooner.
Initially data will be transmitted at 15 minute intervals but if a flight anomaly occurs, transmissions will occur at one minute intervals. While the system won’t prevent real-time accidents (or hijackings), locating airplanes sooner could save lives if an accident is survivable or accelerate recovery of flight data recorders and cockpit voice recorders to solve an accident sooner and potentially prevent accidents in the future from the results.
LEAP-1A testing: The CFM LEAP-1A, destined for the Airbus A320neo family, is now in flight testing, reports Flight Global.
Posted on February 5, 2015 by Scott Hamilton
It is shocking and very sad news that the aerospace analyst for JP Morgan, Joe Nadol, died in that horrific Metro North-SUV crash Tuesday north of New York City.
I knew Joe professionally, though casually, and regarded him as one of the better aerospace analysts. He covered Boeing and was the first analyst to predict the 787 would be late.
All of us who knew Joe must be stunned by this news. I know I am.
Nadol was just 42. He is survived by his widow and three young children.
By Scott Hamilton
Posted on February 4, 2015 by Scott Hamilton
A TransAsia ATR 72 crashed yesterday on take off from downtown airport.
Investigators will look at the following:
Recovery of the flight data recorder and cockpit voice recorder should provide information quickly to answer many of the questions above but the full investigation typically takes a year or more.
Posted on February 4, 2015 by Scott Hamilton
Feb. 4, 2015: In a pitch designed to save the Boeing 747-8 and simultaneously kill the prospect of an Airbus A380neo, Emirates Airlines has received a pitch for 100 of the slow-selling Boeing, two sources familiar with the situation tell Leeham News and Comment (LNC). This is isn’t yet a formal proposal, as far as we know.
Tim Clark, president of Emirates, said he would buy 100 A380s if Airbus re-engined and launched the neo. The neo would use the new Rolls-Royce Advance engine, according to two different sources. Neither Pratt & Whitney nor GE Aviation, which dominate the current A380 engine market share with its joint venture Engine Alliance GP7200, are interested in developing a new engine for the prospective A380neo, according to public statements by both companies. PW doesn’t offer an engine alone that could be adapted to the size required for the A380neo. GE’s GEnx engine, used on the Boeing 787, is in the thrust and size bracket but would only improve the efficiency with 4-5%, thus not worth the change effort. The smaller version of the GEnx is on the 747-8. Read more
Posted on February 4, 2015 by Scott Hamilton
KC-390 first flight: Embraer’s largest airplane ever built, the KC-390 tanker/transport, made its first flight today.
We profiled the airplane last October following our visit to Brazil.
The airplane fulfills needs for Brazil’s vast geography to supply its population and to serve as a military platform. It also gives EMB valuable experience in developing large aircraft. The cross-section is about the size of a Boeing 767. It’s slightly larger than a Lockheed Martin C-130 but smaller than the Airbus A400M.
Speaking of A400M: Tom Enders, CEO of Airbus Group, had some comments about this problem child at Airbus in his annual press conference dinner in Paris. Aviation Week reports.
AirAsia 8501: Reuters reported last week two unidentified sources said the captain was out of his seat cutting power to two computers, working a flaw, when AirAsia flight 8501 went out of control and crashed into the Java Sea. Now there’s a report disputing this.
Bombardier credibility: Ahead of the Feb. 12 year end 2014 earnings call, Bloomberg News has a story that focuses on Bombardier’s credibility issues with investors. CEO Pierre Beaudoin has his work cut out for him on the call to reassure investors.
Posted on February 3, 2015 by Scott Hamilton
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Introduction
Feb. 3, 2015: Boeing out-delivered Airbus in 2014, for the second year in a row, as the 787 program improved in delivery rates and before the A350 made its first delivery in December.
Topping Airbus in deliveries allowed Boeing to claim it is the world’s leading commercial airplane manufacturer. By the delivery metric, Boeing is. By orders, Airbus came in first again, maintaining a decade-long lead.
The A350 ramps up its production this year even as the A330ceo rate begins to come down at the end of the year and further next year. Boeing vows to maintain the current production rate of the 777 Classic at 100/yr. The 747-8 rate is declining. And both companies are ramping up rates of the single-aisle airplanes.
The production wars continue.
Summary
Triumph Group revealed an unexpectedly large forward loss related to the ailing Boeing 747-8 program on its fiscal third quarter financial results last week.
The forward loss was triggered by Boeing’s decision in December to reduce the production rate from 1.5/mo to 1.3/mo from September this year.
Investment bank Canaccord had this to say in its note following Triumph’s earnings call:
Posted on February 2, 2015 by Scott Hamilton
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By Bjorn Fehrm
Introduction
01 Feb 2015: Six years ago Tom Enders, then-CEO for Airbus (when the parent was named EADS), threatened to stop the A400M project. He then played hardball to get eight European states to understand they had to pay 5bn Euro more or get no plane. Airbus existence could be threatened by a project that its management when the program was launch (CEO Jean Pierson) did not want but that the politicians convinced Pierson’s successor, Noel Forgeard, to do.
Now Tom Enders is CEO of Airbus Group and has to apologize to the same governments that he struck a deal with then to finish the project if Airbus got the money and a consent to three years of delays. Now Airbus can no longer fulfill the terms and the airplane is still falling short of performance specifications. Deliveries have been delayed further and promised capabilities will be delivered later than said. Like then, heads are rolling at Airbus and tighter control is being applied.
Summary
Posted on February 1, 2015 by Bjorn Fehrm
Airbus, Boeing, EADS, Lockheed Martin, MTU, Premium, Rolls-Royce
A400M, Airbus, Boeing, C-130, C-17, EADS, Lockheed Martin, Rolls-Royce