Aerospace is a big business but it is an industry increasingly consolidated. Big business yes, but a shrinking industry for sure.
The recent July deal by UTC to sell its Sikorsky helicopter unit to Lockheed Martin for $9bn is an example of how the huge parts and pieces need to shift around to extract value. UTC says it will use the funds for share repurchases. But what about instead making an investment that could really shake up the industry?
How about merging Pratt & Whitney and Rolls-Royce? Continue reading
Here we are at month end again and we have the A320neo flight test updates. MSN6101 has not flown now for four months. The other GTF powered test aircraft is MSN6286 and this has been building hours again. MSN6419 is LEAP powered and has kept flying since it started test flights. Continue reading
This was followed by a Russian government-backed leasing group GTLK (State Transport Leasing Co.) signing for 32 SSJs on the first day of Moscow’s MAKS airshow. They also ordered options for another 28 aircraft. GTLK signed an agreement with Russia’s Yamal Airlines to lease 25 SSJs.
Next, Ilyushin Finance signed a trilateral LoI under which Cambodia’s Sky Angkor Airlines wet-leases an SSJ from Russia’s Red Wings. Ilyushin will deliver two more of the aircraft to Sky Angkor under an operating lease. The 12-month wet-lease starts in December and when this expires the two new SSJ100LRs will be delivered by Ilyushin.
To date, there are 56 SSJs in… Continue reading