In the single aisle market the dominance of Airbus and Boeing is total. Take a look at this chart.
The Airbus A321 has been doing a lot of winning lately. Air Lease Corporation announced placements of six new Airbus A321neo aircraft with Azores Airlines. The CFM leap 1A engine-powered aircraft from ALC’s order book with Airbus will deliver between 4Q17 and early 2021. The new ALC A321neo aircraft will replace Azores Airlines’ A310 fleet.
Airbus’ announcement was more detailed:”Azores airlines which is fully owned by Sociedade Açoreana de Transportes Aéreos (SATA) is modernizing its short-haul and transatlantic fleet with the A321neo and by 2019 with the longer range A321LR. The decision follows a growth strategy to expand into new transatlantic routes.”
What makes this particular selection interesting? Air travel across the Atlantic between African islands and the US exists now. TACV is the airline and it is based in Cabo Verde. This is a group of islands off the African… Continue reading
News this week about Singapore Airlines not renewing the lease on its first A380 has caused a flutter. The considered opinion is that this is another piece of bad news for the Airbus program. The Wall Street Journal has this view: “But it is another symbolic hit for the double-deck aircraft, for which Airbus has struggled to find customers after investing about $15 billion to develop.”
The news that Malaysian is also offloading its A380s is seen as bad news. But we believe this is not to be a reflection on the aircraft, but more a case of the airline not having the traffic and ability to exploit the A380. Back in 2003, Malaysia was pressed for a quid quo pro to allow its seafood products to have unrestricted access to the EU. While there were no direct links to an A380 order,… Continue reading
Bombardier announced that its 2016 C Series deliver schedule will be delayed, while citing the statistics from the first two aircraft in service with Swiss. The good news is that the two CS100 aircraft in service with SWISS have collectively flown nearly 400 revenue flights, and accumulated nearly 600 flight hours. The bad news is that Bombardier stated engine delivery delays will cause delivery reductions from a planned 15 to only 7 aircraft in 2016. Since the OEMs are paid their final installment on delivery of aircraft, it impacts revenues and cash flow. The company will deliver the third CS100 to SWISS next month and deliver the first CS300 to airBaltic in the fourth quarter.
The supply chain is under stress. During the UTC media day event prior to the Farnborough airshow, P&W pointed out their greatest concern was… Continue reading