Day One Orders Top $50 Billion At Farnborough Airshow

Farnborough Air Show » 2014
Farnborough 2014
Day one of the 2014 Farnborough International Airshow proved to be a lucrative one for just about all manufacturers of airliners and the engines that power them. An approximate estimate of business announced here yesterday quickly topped $50 billion. (Photo: Farnborough Airshow)
July 15, 2014, 1:20 AM

Day one of the 2014 Farnborough International Airshow proved to be a lucrative one for just about all manufacturers of airliners and the engines that power them. An approximate estimate of business announced here yesterday quickly topped $50 billion.

Air Lease Corporation kicked off proceedings with a $6.9 billion launch order for Airbus’s Rolls-Royce Trent 7000-powered A330neo and added a $6.6 billion contract for 60 A321s. Rival leasing group AerCap firmed up an $5.1 billion order for 50 additional A320neos, followed by International Airlines Group, which converted a $1.9 billion worth of A320neo options into firm orders.

Monday was also payday for Boeing, which was especially thrilled to win back the UK’s Monarch Airlines as a customer. Subject to further detailed negotiation, the two sides have provisionally agreed to a $3.1 billion deal for 30 of the new 737 Max 8s. Leasing group Avolon signed a $2 billion commitment for six of the new 787-9 Dreamliners and five more 737 Max 9s. China’s Okay Airways ordered six of the same narrowbody, as well as four 737-800s, and agreed to convert five existing orders for the same type in favor of the larger -900ER as part of a $980 million contract.

Regional aircraft makers Mitsubishi (LoI with Eastern Air Lines of the U.S.), Embraer (order for 50 E2s from Trans States Holdings), ATR (order for 75 ATR 42-500s from Nordic Aviation Capital) and Bombardier all announced new business yesterday. Taking account of options and provisional commitments, this could be worth around another $6.5 billion collectively.

Mexican low-cost carrier VivaAerobus selected Pratt & Whitney’s PurePower PW1100G-JM engines to power the 40 A320neos it has on order, plus options for 40 more.

CFM Success

A day after landing a 200-engine, $2.6 billion order from American Airlines for Leap-1A turbofans to power 100 A320neos, CFM International announced a $3.3 billion deal with easyJet. This covers 200 Leap-1As for its A320neo family and 70 CFM56-5Bs for additional A320ceos. China’s Spring Airlines ordered CFM56-5B engines to power 30 A320ceos in a $620 million contract. CFM followed this with a series of other order announcements.

CFM partner GE Aviation won a $1.4 billion order from Air Lease Corporation for GEnx-1B engines to power 30 Boeing 787s. In a business that underlines the value of the aftermarket, Emirates gave GE a 12-year OnPoint contract for maintenance on GE9X engines powering its Boeing 777X at a price of $13 billion. SriLankan Airlines signed a five-year OnPoint deal covering the CFM56-5B.

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aventhusiast
on July 15, 2014 - 7:19pm

The volume of business activity being spread around all aspects of the commercial aviation side is pretty encouraging. With about fifty billion dollars in biz transactions already on day one, it is possible Farnborough sales might exceed the 72 billion dollars in sales that occurred at the 2012 show.

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