Lessors Drive Another $50 Billion Day At Farnborough

Farnborough Air Show » 2014
AirAsia A330-900neo
More orders for the just-launched Airbus A330neo helped deliver another $50 billion day at the Farnborough International Airshow. AirAsiaX topped the sales ledger with a $13.8 billion memorandum of understanding for 50 of the Rolls-Royce Trent 7000-powered A330-900neos and it will take delivery of its first aircraft in 2018.
July 16, 2014, 1:55 AM

More orders for the just-launched Airbus A330neo helped deliver another $50 billion day at the Farnborough International Airshow. AirAsiaX topped the sales ledger with a $13.8 billion memorandum of understanding for 50 of the Rolls-Royce Trent 7000-powered A330-900neos and it will take delivery of its first aircraft in 2018.

Leasing groups Avolon and CIT Group signed $7.7 billion worth of MoUs that will see each of them take 15 A330neos. CIT also ordered five A321neos.

SMBC Capital spent big in the narrowbody segment of the Airbus portfolio with $11.8 billion worth of firm orders for 110 A320neos and five A320ceos. BOC Aviation, the Singapore-based and Chinese-owned lessor, is to spend around $4.1 billion 36 A320ceos and seven A320neos.

Boeing also was boosted by a pair of $1.9 billion leasing group orders, each for six 777-300ERs–the first from Intrepid Aviation and the second from Air Lease Corporation. The latter also reconfirmed an order for 20 737 Max 8s.

The U.S. airframer’s biggest deal of Tuesday was valued at $2.5 billion and will see CIT Aerospace take 10 of the new 787-9 Dreamliner. The lessor now holds orders for the 20 787s, including 16 of the -9s.

Regional airliner makers also had a busy day here at Farnborough. Embraer did four separate deals for a mix of its new E-Jet E2s and the E175 and E190. Air Lease Corp signed an agreement to purchase seven more ATR72-600s. Bombardier logged six more Q400 sales (see page 37).

CFM International won the largest engine contract of the day with a $2.9 billion agreement for Mexican low-cost carrier Interjet to buy Leap-1A engines for its new fleet of 40 A320neos. Air Lease Corp also selected the same engine for 20 A320neos, as well as 40 Leap-1Bs for 20 737Max8s.

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aventhusiast
on July 16, 2014 - 5:52pm

Farnborough 2012's sales figure of 72 billion has been passed by a huge margin. One hundred billion dollars in commercial aircraft business is pretty impressive. Leasing companies have clearly been one of the big drivers of commercial aircraft orders at Farnborough.

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