Airlines boost backlogs by the billion
Jumbo-sized airliner orders came back into fashion on the first day of the 2010 Farnborough airshow as Boeing and Airbus led the charge to seal new deals. Other leading airframers, including Embraer, Sukhoi and Bombardier, followed suit in a wave of new business reported throughout today’s edition of Farnborough Airshow News.
Emirates Airline got the ball rolling when it gave Boeing a $9.1 billion contract for 30 more 777-300ERs. Later in the day, Norwegian Air Shuttle chipped in with a $1.15 billion order for 15 narrowbody 737-800s. Leasing group GECAS also ordered 40 Boeing 737-700s, -800s and -900s valued at $3 billion.
Never willingly outdone in the airshow orders stakes, Airbus GECAS committed to 60 firm orders for A320s. At list prices, this business is nominally worth just over $13 billion. On top of this, Russia’s Aeroflot signed a contract for 11 A330-300 twinjets, fitted with the new Sharklet winglets, in a deal worth approximately $1.7 billion.
Following in the wake of the aircraft transactions were billions more dollars’ worth of engine orders. The Emirates 777-300ERs are to be powered by General Electric GE90-115 turbofans worth about $2 billion. The GECAS 737s will carry CFM56-7BE engines worth $560 million, and CFM56 powerplant will also drive its new A320s. Aeroflot is sticking with the Rolls-Royce Trent 700 for its latest A330s.
CFM International also won new business yesterday from Air China and China Eastern. The Asian carriers have ordered CFM56-5B engines for, respectively, 20 and 30 A320s that they have on order.
Engine Alliance secured a $4.8 billion contract (also covering support) for engines to be supplied for the 32 A380s that Emirates ordered last month.
And, finally, Pratt & Whitney logged a $100 million deal when Brazil’s TAM Linhas Aereas chose its PW4000 engines to power two new A330-200s.