When GKN Aerospace CEO Marcus Bryson gets bullish about market conditions it is probably worth paying attention. He was quick to identify the full extent of the downturn triggered by the global financial crisis and has generally erred more toward the “glass-half-empty” view than seeing the glass as being half full.
Embraer will wait as late as year-end for Boeing to decide on a plan for a 737 replacement before the Brazilian company commits to a successor for its own E-Jet family of aircraft, Embraer executive vice president for the airline market Paulo Cesar de Souza e Silva told AIN in an interview ahead of this week’s Paris Air Show.
The Bombardier C Series appears finally to have achieved some sales momentum recently, as the Canadian company announced two separate contracts for the new narrowbody over the span of a week early this month.
Last week Bombardier reported $4.7 billion in revenue for its first fiscal quarter (which ended April 30), a 9-percent year-over-year increase, thanks in part to a stronger business jet market, “especially at the high end,” said Bombardier president and CEO Pierre Beaudoin. Profits in the fiscal quarter reached $220 million, compared with $195 million last year.
The aerospace industry is in recovery, and if you don’t believe that come to this year’s Paris Air Show and see for yourself. That is the optimistic message from the organizers of the biennial event, which will be staged for the 49th time at Paris Le Bourget Airport from June 20 to 26.
The Rockwell Collins Pro Line Fusion avionics system is “good to go,” reported chairman, president and CEO Clay Jones during an April 21 earnings call. The FAA issued the final in a series of 50 hardware and software technical standard orders (TSO) for the Pro Line Fusion in April, and Rockwell Collins is now working on a supplemental type certificate (STC) for installation in its Challenger 601 test airplane.
Looking forward to a continued recovery, Bombardier Aerospace released its annual Aircraft Market Forecasts on May 18, predicting 24,000 business aircraft deliveries from 2011 to 2030 and market-wide revenues of $626 billion.
Asked at the 1986 Farnborough airshow what market share Canadair wanted for the Challenger corporate jet, Donald Lowe said simply, “We want our third.” Lowe was chief executive designate at the government-owned aircraft company that Canadian mass-transit manufacturer Bombardier had agreed to acquire just three weeks earlier.
Embraer will wait until as late as year-end for Boeing to decide on a plan for a 737 replacement before the Brazilian company commits to a successor for its own E-Jet series, according to Embraer executive vice president for the airline market Paulo Cesar de Souza e Silva. Still, Embraer already knows what it will not do–namely, follow Bombardier into a size and range category that, in Silva’s estimation, the Airbus A320neo also occupies.
Against a background of broadly optimistic forecasts for a slowly recovering global business aviation sector, prospects for the industry in Europe include a lower share of new aircraft deliveries, increasing numbers of international flights and ambitions to upgrade to larger, longer-range equipment, say manufacturers.