Abu Dhabi’s Etihad Airways announced here yesterday orders for 100 Airbus and Boeing aircraft nominally worth $20 billion. The contracts include options on another 55 jetliners and purchase rights covering an additional 50 machines (see table). If the airline converts all options and purchase rights to firm orders, the value of the overall package would reach about $43 billion in 2008 catalogue prices.
Farnborough Air Show » July 15, 2008
Clouds of dry ice swirled around onlookers as Pratt & Whitney revealed a full-scale model of its new “PurePower” PW1000G geared turbofan (GTF) on its stand yesterday. The engine is performing “outstandingly well” in flight tests now under way, said Pratt & Whitney president Steve Finger, who added, “This is the first of a new generation of ultra high bypass engines.”
New United Arab Emirates low-cost carrier FlyDubai kicked off firm order announcements at this year’s Farnborough International yesterday morning with a $4 billion purchase of 50 CFM56-7B-powered Boeing 737-800s. It also plans to lease an additional four machines from Babcock & Brown Aircraft Management. Under the terms of the contract, FlyDubai may convert orders for the aircraft to 737-900ERs.
Aerospace, which employs 12,000 people in the UK and is worth an annual £20 billion ($39.8 billion) to the country’s gross domestic product, “will remain central to the British economy and our future as a high-tech manufacturing nation.”
ESRI UK (Hall 3 B24) is showing its Airbase Management map system here. The company specializes in geographic information systems, and it brings its expertise to the airbase management field to streamline the process and improve situational awareness for airbase managers, the company said.
Russia’s United Aircraft Corporation (UAC) president Alexey Fedorov yesterday gave details of his plans here for expanding the company’s civil business from 10 percent to 20 percent in 2015, and then to 50 percent in 2025. The MS-21, a 150- to 210-seater, should prove instrumental.
S7 Airlines announced here yesterday that it has signed a 13-year engine service per hour contract with Snecma Services covering its CFM56-5A engines. The new pact follows another signed two years ago. One of Russia’s largest domestic airlines, S7 Airlines bases its operation in Novosibirsk and has its largest hub at Domodedovo International Airport in Moscow.
Despite the prospective onset of possible economic recession triggered by the credit crunch and record-high oil prices, demand for new jetliners remains robust, according to Boeing Commercial Airplanes chief executive Scott Carson. He sees present circumstances as offering airlines a double-edged sword. “We expect present oil price trends to continue.
Sikorsky has claimed the number-two position among the world’s helicopter manufacturers, declared CEO Jeff Pino here on Monday. “We are the second largest helicopter manufacturer by revenues and we will soon compete with Eurocopter for the number one position,” said Pino, who has seen his company’s turnover grow on a 22-percent trend, against a 13-percent industry average.
Dubai World Central (DWC) will hold talks with “several key business jet manufacturers” at the air show in the hope of attracting them to set up shop at its new Aviation City business aviation park.