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PARIS, June 15 GE Capital Aviation Services (GECAS), the aviation leasing and financing arm of General Electric, announced a firm order for 60 Airbus A320neo-family aircraft at the Paris Airshow on Monday.
The order, which Airbus said included A321neo aircraft, is worth around $6.4 billion based on list prices.
"We see this fuel-efficient aircraft as a mainstay in our single-aisle portfolio for the years to come," Norman C.T. Liu, president and chief executive of GECAS, said in a joint statement.
GECAS has selected CFM's LEAP-X engine for all 60 A320neo aircraft. CFM is a joint venture of GE and Safran.
PARIS, June 15 (Reuters) - Qatar Airways ordered 10 Boeing 777-8X jetliners at the Paris air show on Monday, bringing its total orders for the 777X family of revamped long-range jets to 60.
The airline also said it was ordering four 777 freighters.
The orders, which are all firm contracts, are worth a total of $4.8 billion at list prices.
Announcing the deal at the air show, Qatar Airways Chief Executive Akbar Al Baker took a swipe at the head of U.S. carrier Delta Airlines, which has accused Qatar Airways and other major Gulf carriers of receiving huge subsidies -- a charge they deny.
"I hope that the gentleman at Delta knows that we are creating even more jobs in the United States by ordering more airplanes," he said.
Al Baker also reiterated a threat to quit the oneworld airline alliance in a spat with American Airlines, one of three U.S. carriers also involved in the subsidy row. Qatar Airways joined the alliance in 2013.
Its top executive has said American is inhibiting its business by restricting terminal access at New York's John F. Kennedy airport.
"We are only committed to oneworld provided the spirit in which we joined oneworld exists," Al Baker said.
"If we are being cornered by an airline that invited us to be part of the alliance and is now acting against our interests ... blocking inventory and blocking us gates at JFK, of course we have no purpose to be in an alliance.
"If we find that we cannot have a settlement to this very contentious issue, yes we will exit from oneworld."
Oh to be there!!!!!!!!!!!!!!!!!!!!!
http://www.reuters.com/article/2015/06/15/airshow-france-airbus-a-idUSL5N0Z11Q820150615PARIS, June 15 (Reuters) - Airbus is in talks with airlines over a stretched version of its A380 jet as it tries to boost sales of the superjumbo, the European planemaker's sales chief said on Monday.
John Leahy said at the Paris air show that the company was looking at the possibility of putting new engines on the jet or making a slightly stretched version with about 50 more seats.
"I'd say that we're talking to at least half a dozen (customers)," he said when asked if Airbus was in talks with any customers other than Emirates, which has been pushing for a new version of the plane.
When asked if an "A380neo" was a question of when, rather than if, Leahy said: "That's a good way of putting it, I would like to believe that." He cautioned, though, that the decision did not rest with him.
Airbus Group Chief Executive Tom Enders was quoted as saying last week that the group would decide around the end of the year whether to revamp the plane. Should a decision be made, then the plane could be ready for 2020-2021, Leahy said.
Leahy added that while orders for the A380 at the June 15-21 Paris show were unlikely, he certainly expected orders this year.
Airbus gave a more bullish outlook for demand for very large aircraft such as the A380, saying on Monday it expected 1,550 to be required over the next 20 years, contrasting with Boeing's reduced forecast for 540.
After announcing Saudi Arabian Airlines as the launch customer for its A330-300 regional on Monday, Leahy said he expected orders for the jet to also come from China.
PARIS, June 14
PARIS, June 14 Engine maker Pratt & Whitney expects to win orders for more than 500 of its geared turbofan engines at the Paris Airshow, an executive said on Sunday.
Pratt & Whitney, a unit of United Technologies Corp, has an order book for more than 6,400 of the engines and is planning to get to 7,000 by the end of June 15-21 show, Greg Gernhardt, president of commercial engines, told a news conference.
"We have a lot of work to do at the show, but we're quite excited," he said.
The geared turbofan engine powers Airbus's A320neo and the Bombardier CSeries, and competes with the LEAP engine from GE and Safran joint venture CFM.
I know. I would gladly offer up my left ball to go there.![]()
We can call you Caitlyn and you can go twice.I know. I would gladly offer up my left ball to go there.![]()
Airbus (AIR.PA) and Boeing (BA.N) opened the Paris air show with a flurry of multi-billion-dollar plane deals on Monday as demand from Middle Eastern and Asian airlines swelled their already bulging order books.
Airbus signed up Saudi Arabian Airlines to be the launch customer of its new A330-300 Regional aircraft, with the carrier committing to 20 of the planes as well as 30 A320neo jets in a deal worth about $8.2 billion at list prices.
The European planemaker also said Garuda Indonesia (GIAA.JK) had signed a letter of intent to buy 30 A350 XWB jets, potentially worth around $9 billion.
The same airline, meanwhile, committed to buy up to 30 of Boeing's (BA.N) 787-9 Dreamliners and 30 737 MAX 8 jets in a deal that could be worth about $10.9 billion.
Despite the activity, analysts expect this year's aerospace industry meeting to produce fewer blockbuster deals than in the recent past, with the focus turning to the task of producing the $1.8 trillion of jets already sold.
Nonetheless, demand remains robust, particularly from fast-growing Middle Eastern and Asian airlines.
Airbus on Monday raised its 20-year forecast for jet demand by nearly 4 percent to 32,600, driven by growth from these regions.
That broadly echoed Boeing's assessment of the market last week.
Unlike Boeing, Airbus sounded upbeat about prospects for four-engined superjumbos, including its A380 - the world's biggest passenger plane, which has so far failed to live up to sales expectations.
"Very large aircraft are required over the next 20 years, we can't just increase efficiency," Airbus sales chief John Leahy told a news conference, pointing to airport congestion as a reason to use larger planes.
In a bid to revive interest in the A380, Airbus is in talks with customers about possibly putting new engines on the jet or making a version with about 50 more seats.
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Boeing said on the eve of the air show that it was exploring a potential market of more than 1,000 jets in a niche between its single-aisle 737 and wide-body 787, but had not decided whether to invest in a new plane.
Many in the industry, however, are increasingly wary of an order backlog stretching out over almost a decade and of manufacturers' plans to keep pushing up output levels.
GE Aviation (GE.N) said on Monday it wanted to secure a record increase in production of engines for Airbus and Boeing single-aisle aircraft before deciding whether it could guarantee going even higher.
Heading into the air show, Airbus had a lead over Boeing in plane orders this year, with 247 versus Boeing's 175. However, the U.S. group won the annual order race last year. (Graphic: link.reuters.com/kaz43w)
Adding to Monday's flurry of deals, Qatar Airways ordered 10 Boeing 777-8X jets and four 777 freighters, valued at a total of $4.8 billion at list prices, while GE Capital Aviation Services ordered 60 Airbus A320neo aircraft valued at around $6.4 billion.
Airbus's deal with Saudi Arabian Airlines comes after French President Francois Hollande met the head of the airline in May during a Gulf Arab leaders summit in Saudi Arabia.
France, deemed to have the toughest stance among the six world powers negotiating with Iran over its nuclear programme, has been able to nurture new commercial links with the region in the face of what some Gulf countries perceive as disengagement on the part of traditional ally the United States.
At 1110 GMT, Airbus shares were up 0.4 percent at 60.67 euros in a European blue-chip index down 1.1 percent.
PARIS (Reuters) - Canadian aircraft maker Bombardier BBDb.TO, under pressure to boost sales of its new CSeries narrow-body jet, said an upgrade to a larger plane by launch customer Swiss for part of its 30 jet-order showed confidence in the project.
The CSeries made its air show debut in Paris on Monday ahead of certification expected at the end of this year, and Bombardier is hoping to revamp the jet's reputation to drive sales after years of delays and cost overruns.
Bombardier said Swiss, owned by Lufthansa LHAG.DE, would convert 10 of its 30-ordered CSeries jets to the larger CS300 version and they would be received by the customer in 2017.
The conversion showed confidence in the CSeries family, said Bombardier, which has not announced a single firm CSeries order since September.
"The CS100 aircraft provides the extraordinary field performance needed for operations at some very challenging airports, while the CS300 aircraft provides outstanding economics," Bombardier's president of commercial aircraft Fred Cromer said.
But in blow, Qatar Airways said separately on Monday it was no longer interested in the CSeries.
Bombardier also said it was working with existing customer Russian leasing company Ilyushin Finance (IFC) to find appropriate aircraft and financing solutions.
IFC said it wanted to revise the terms of its CSeries order during the air show being held this week. IFC signed a deal in 2013 to acquire 32 CS300 with an option for an additional 10.
"We're working with IFC very closely ... to make sure we have the right aircraft solutions for them, the right financing factors for them and we're going to continue to find ways, in some cases, creative ways, to make that happen," Cromer told reporters, declining to elaborate.
IFC has cited delays in aircraft delivery and the suspension of export financing of Russian companies by Export Development Canada following Western sanctions over Moscow's role in the Ukraine crisis, as the reason for seeking the revision.
Bombardier's CEO acknowledged earlier this month the company was under pressure to discount the CSeries, which is trying to break into the smaller narrow-bodied market dominated by Boeing BA.N and Airbus <AIR .PA> with the 737 and the A320 respectively.
When asked, Swiss CEO Harry Hohmeister said he didn't think the conversion to the CS300 would affect the price of the order, originally announced in 2009.
"I don't think so. We have a framework contract and ... it's not so easy to renegotiate," he told reporters.
The first part of the Swiss order, 10 CS100s, will be received next year and enter service in the middle of the year, said Hohmeister.
The airline would take a decision on the mix of CS100 and CS300 for the remaining 10 orders before the end of 2016.
I know. I would gladly offer up my left ball to go there.![]()
Two years ago Sukhoi Civil Aircraft Company (SCAC) and its partner Russo-Italian joint venture SuperJet International chose the Paris Air Show for the official handover of the first Sukhoi Superjet 100 to a Western customer – Mexican carrier Interjet. An SSJ100 in that carrier’s livery can be seen in the show’s static display again this year, but this time it’s the 16th for a fleet that will total 30 by the end of 2016.
“We hope that the successful operations of this aircraft in Mexico will serve as a good advertisement for other carriers from Latin America,” Yury Slyusar, president of Sukhoi’s parent United Aircraft Corporation (UAC), told ShowNews.
The Russian government has recently backed this major commercial aircraft program with 100 billion rubles (around US$1.8 billion) to be injected into UAC’s capital, but it wants it to be more efficient in terms of sales and revenue.
In May the SSJ100 made a serious breakthrough into the Chinese market when UAC signed an agreement with the Xixian New Area Administrative Committee and New Century International Leasing, who will set up a joint venture to lease Superjets to Chinese and Southeast Asian carriers. The partners expect to buy up to 100 SSJ100s within the first three years of operation, to a total value of about US$3.5 billion at list price. Deliveries are slated to start in 2015 when the aircraft’s airworthiness certificate will be validated in China.
Ockie, can you explain the A330-300 Regional? Widebody shorthaul?
Comac has won commitments for an additional 57 of its C919 narrowbodies, bringing the total for the in-development jet past the 500 mark, as the Chinese airframer works towards a roll-out this year.
Additionally, seven has been added to the number of ARJ21 regional jets for which Comac has secured commitments.
In a signing ceremony at the Paris air show, Ping An Leasing inked a letter of intent for 50 C919s, becoming one of Comac's largest customers.
The Shanghai-based Chinese lessor, set up in 2012, was last year in the running for the purchase of AWAS's 100-aircraft portfolio.
At the same event, Chinese investor Puren Group signed for seven C919s and seven ARJ21s. The aircraft are for start-up Puren Airlines.
Puren Group acquired Lubeck airport in Germany last year and plans to start Puren Airlines in order to develop connections from the gateway. Work is under way towards securing an air operator's certificate.
The new deals bring the total number of commitments for the C919 to 507, and those of the ARJ21 to 315.
Comac tells Flightglobal it is working towards rolling out its first C919 prototype in September, and that the first flight of the aircraft, originally scheduled for end-2015, has been pushed to next year.
Final assembly of the C919 airframe has been completed and system installations have also started
LE BOURGET, France—Airbus Group has lifted its 20-year forecast for the market for its A380 super-jumbo airplane, sharpening the contrast with Boeing Co.BA -0.34% which has long been bearish about the market for very large aircraft.
Airbus now projects a market for 1,551 passenger and freighter aircraft in the very large aircraft category made up of the A380 and Boeing’s 747-8, the latest version of its double-decked jetliner.
In contrast, in its latest market outlook, Boeing now expects passenger and cargo airlines will only need 540 of the largest jets, down from the 620 forecast in 2014. It was the fourth year running the Chicago-based plane maker cut its projection for the sector.
Very large aircraft “are required over the next 20 years,” John Leahy, the head of sales at Airbus’s commercial jetliner business, said on Monday at the Paris Air Show. Airlines can’t simply rely on flying more planes, more often, Leahy said. “We can’t just increase frequency, we have to have larger aircraft.” Leahy thinks Airbus will pick up new A380 orders this year after a period of slow demand following the aircraft’s launch.
To spark new orders, the Toulouse-based company is considering putting new engines on the plane and even a small stretch to seat more passengers. A so-called new-engine option on Airbus’s smaller A320 jetliner has proved popular and the plane maker is offering a similar revamp on its A330 long-haul jet. Emirates Airline, by far the largest customer for the A380, has voiced its support for an enhanced version of the four-engined super jumbo.
Airbus said it is in talks with around six potential customers for the upgraded double-decker dubbed the A380neo. Not all six would be launch customers, Leahy said.
Boeing and Airbus disagree on the prospects for their biggest aircraft but otherwise they see eye to eye on a sustained boom in demand for smaller passenger jets. The combined value of the aircraft delivered over the next 2o years is expected to be $4.9 trillion, Airbus said on Monday. That is $300 billion above Airbus’s previous forecast, as the plane maker has added more than 1,200 aircraft to its outlook.
The forecast in large part echoes Boeing’s updated projections for demand over the next two decades. Boeing, which includes some smaller planes not counted by Airbus, last week raised its 20-year outlook also by around 1,000 jet deliveries to 38,000 planes valued at $5.6 trillion.
Basically yes. Will be a A330 as we know it today, but meant for dense regional routes where demand is so high that serving that route with a wide body would work better. They might tweak a few things here and there for the regional version. Engines thrust rating could be throttled down (to my knowledge this is easily done with software) or it could be increased. A fuel tank could be decommisioned to save weight seeing that not so much fuel would be needed on regional routes etc etc...but basic design will stay the same.
SAA for example sometimes used one of their A340 quad engine wide body on the Joburg - Cape Town route. But one thing must be understood. If the route cant fill that plane then you gonna cry.