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).
Association of Asia Pacific Airlines
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.
The International Air Transport Association (IATA) has endorsed a plan for global adoption of market-based measures (MBMs) to cut aircraft emissions, calling on world governments to agree to the move at ICAO’s Assembly later this year and so secure an alternative to Europe’s controversial emissions trading scheme (ETS). At its June 2 to 4 annual general meeting in Cape Town, South Africa, IATA “overwhelmingly” adopted a resolution called the Implementation of the Aviation Carbon Neutral (NCG2020) Strategy.
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.
New England regional Cape Air has resigned itself to shedding all 70 of its Cessna 402s once it finally reaches terms on an agreement for a new fleet type, the company’s new president Linda Markham told AIN at the RAA Convention in Montreal on Wednesday.
Battery system modifications to the world’s Boeing 787s continued at a steady pace while details of plans for service resumptions gradually began to emerge by the time Qatar Airways flew one of its five airplanes on a route between Doha and Dubai last Wednesday.