The second generation of Embraer’s E-Jet series of narrowbody airliners was officially launched and named E2 during last week’s Paris Air Show. Seven launch customers rallied for the christening party, supporting the Brazilian airframer with approximately $17.8 billion worth orders and commitments for up to 365 of the twinjets.
Pratt & Whitney PW1000G
International Lease Finance Corporation (ILFC) has been busy announcing a procession of airframe and engine deals here in Paris. On Tuesday, the company announced it had signed for CFM International Leap-1A engines to power a further 20 Airbus A320neo jetliners. That brought the total backlog to 60 shipsets. With the aircraft scheduled to begin deliveries in 2016, the new order is valued at $510 million.
UK airline easyJet placed conditional orders with Airbus on Tuesday for 100 new A320neos and 35 Sharklet-equipped A320s worth $12 billion at list prices. The A320s are scheduled for delivery between 2015 and 2017, while the A320neos will be delivered from 2017 to 2022, according to the announcement at the Paris Air Show.
EasyJet said 85 of the aircraft will be used to replace aging aircraft as they leave the fleet over the next nine years; the remaining aircraft deliveries will support the carrier’s strategy of increasing its seat capacity by 3 to 5 percent annually.
Crane Aerospace & Electronics (Hall 4 A188), a supplier of systems and components for critical aerospace and defense applications, announced selections of several of its products for the Paris Air Show audience.
Pratt & Whitney has selected Crane to provide the lube and scavenge pumps for the Pratt & Whitney PurePower PW1100G-JM geared-turbofan engine for the Airbus A320neo and the PW1400G for the Irkut MC-2.
Pratt & Whitney president Dave Hess, celebrating an “incredible 12 months” of commercial engine activity, has responded to CFM International’s claims that its Leap engine for the Airbus A320neo and Boeing 737 Max have materials technology leadership over the Pratt & Whitney PurePower geared turbofan.
As Pratt & Whitney Canada (Chalet (A) 330) saw revenues from its business jet engine segment suffer through one of the industry’s steepest downturns in history, the company’s highly diversified product line has allowed it to, as P&WC president John Saabas put it, “ride the wave” of fortune in other sectors and consolidate its leading position in the small engine business.
Airbus’s choice of the Pratt & Whitney Geared Turbofan on the A320neo and Rolls-Royce’s subsequent divesture in engine joint-venture IAE might have signaled to some the beginning of the end of the V2500 turbofan.
Pratt & Whitney CEO David Hess doesn’t spend time lamenting his company’s decision to forgo a bid for a place on Boeing’s proposed 777X. In fact, during a recent interview with AIN at his company’s campus in West Palm Beach, Florida, Hess expressed not an inkling of regret, evidently taking comfort in the narrowbody market’s virtually unequivocal acceptance of his company’s geared turbofan platform. “Our plate’s pretty full right now,” said Hess.
A recent Boeing study predicted a demand for up to 23,000 single-aisle airliners over the next 20 years. For the three engine manufacturers involved in the seven single-aisle aircraft currently in development, the business case for developing all-new engines to power them has been more than justified.
Among the few economic forces behind the rather tepid recovery of the market segment covering small and medium-sized business jets, perhaps the most influential rests with the world’s financiers. While the large business jet segment remains buoyant due to its comparative immunity from the vagaries of liquidity availability, for the rest of the market a lack of attractive financing terms remains a serious problem, according Pratt & Whitney Canada (PWC) president John Saabas.