Industry wisdom that civil aerospace is continuing its super-boom while defense prospects waiver was clearly confirmed in the headlines from last month’s Paris Air Show (June 17 to 23). The 50th staging of the biennial event was dominated by yet more airliner orders, plus breakthroughs in new aircraft coming to market and significant deliveries.
Association of Asia Pacific Airlines
Backed by five launch customers from across Europe, Asia and North America committing to 102 aircraft, Boeing pressed the “Go” button for its long-anticipated 787-10 development on June 17. United Airlines, British Airways, Singapore Airlines, GE Capital Aviation Services (Gecas) and Air Lease stepped up to support the stretched, longer-range Dreamliner, and they appear to have been influential in shaping the design and performance goals.
ST Aerospace announced that it has been awarded an exclusive component maintenance-by-the-hour contract worth $28 million by Spring Airlines Japan. This contract involves component repair management support for 22 of Spring Airlines Japan’s Boeing 737-800s.
Under the agreement, ST Aerospace will provide support for component repair and warranty management, as well as consignment and pool access to its global rotables inventory pool. It expects the new contract to take effect in the second half of 2013 and stretch over eight years.
Qatar Airways placed a firm order for a pair of Boeing 777-300ERs and signed a commitment for another seven on the opening day of the Paris Air Show. Boeing places the value of the nine airplanes at $2.8 billion, based on list prices. Also holding an outstanding order for seven 777s, Qatar Airways plans to increase the size of its present fleet of 35 Boeing 777s to 51.
General Electric GE90-115Bs power the 777-300ER. GE places the value of the engine commitment at $600 million.
The 2013 Paris Air Show is on track to be the one of the highest-value air shows ever in terms of new business announcements. A brief analysis by AIN showed that by the end of yesterday sales on the civil side alone had already topped $165 billion. This total covered airliners, helicopters, business aircraft and engines, but excluded any associated service contracts. It included a lot of as-yet unconfirmed options and commitments, but AIN did exclude any previously announced business (where the customer identity had simply been confirmed).
Boeing got another big boost for its widebody lineup here yesterday when Korean Air committed to another five 747-8Is and six 777-300ERs worth $3.6 billion at list prices. Also a customer for the Airbus A380, Korean has now signaled its intention to place a second order for the superjumbo’s competitor, production of which Boeing recently cut from two airplanes to 1.75 per month. Boeing holds firm orders for just 40 Intercontinentals and 65 freighters.
China’s Xiamen Airlines has signed a letter of intent with GE Aviation for GEnx-1B engines to power its six Boeing 787s, along with a 10-year service agreement for the airline’s GEnx-powered fleet. The list price of the order and service agreement is valued at more than $560 million. Delivery of the aircraft is to begin incrementally starting in July 2014.
BOC Aviation (Hall 5, Stand D262) has grown from just another player in the aircraft leasing business to a prominent brand, and the world’s fifth largest aircraft lessor. Started in 1993 as Singapore Aircraft Leasing (Sale), it was acquired by Bank of China in December 2006 for $3.25 billion. In July 2007, its name was changed to BOC Aviation.
Airbus is understandably relieved to have flown the A350 XWB widebody just before the Paris Air Show, but the European manufacturer’s twin-aisle family accounts for only a small proportion of outstanding orders as it prepares to proceed with the new aircraft’s flight-test program. Nevertheless, deliveries of 247 aircraft overall and net orders for 493 new jets by June 1 constitute a “strong start” to 2013 for the European manufacturer, according to marketing senior vice-president Christopher Emerson. Airbus delivered 588 aircraft in 2012 and expects to ship more than 600 this year.
Boeing and Turkish Airlines on Tuesday completed a firm order for forty 737 MAX 8s, ten 737 MAX 9s and twenty 737-800s, valued at $6.9 billion at list prices. The deal, originally announced as a commitment last month, includes options for another 25 MAX 8s and amounts to the largest Boeing order in Turkish Airlines’ history.