Fresh off impressive quarterly results that caught the stock market by surprise, Boeing announced orders from Korean Air. The highlight of that order is surely the 747-8 component, especially after adjusting production on this program. The came the order from ElAl.
And today there is even better news. China’s economy has shown signs of slowing until recently. But the latest news seems to show some recovery. The new order for 200 MAXs is a great boost to the program. Especially when one considers that China has an Airbus factory and the COMAC C919 is due to start flying in 2016. China’s government has to approve the order of course.
Even given the fact that most orders are announced at retail, while the real number is probably closer to 50% of that, a list $21bn MAX order is huge. Boeing has 1,567 MAXs on order… Continue reading
News out of China today announced another ARJ21 delay. The aircraft was meant to enter service in 2007. Now it seems the program is running seven years late, if it even makes the new deadline. This delay provides fresh perspective on programs at Airbus, Boeing, Bombardier and Embraer. The ARJ21 is generally regarded as a copy of the DC9 design with updated engines and systems. In other words, it should not be that difficult to achieve. Continue reading
The LEAP engine from CFM International is progressing in its initial ground testing, and will culminate in engine certification in 2015 and entry into commercial service in 2016. The first leap engine was fired-up on September 4th, and the engine has now reached full power in ground testing at GE’s Peebes, Ohio outdoor test facility. Continue reading
As we reach the halfway point of the year, Airbus is reporting a record backlog of nearly 7 years’ of production, with Boeing closing in on similar record levels. But how firm are these firm orders? And what about options, purchase rights, and contracts with contingencies? Let’s try to straighten out some definitions:
Firm Order: A signed contract between a customer and an airframe manufacturer for delivery of an aircraft at an agreed price, at an agreed delivery time. Typically, firm orders require some down payment, and progress payments leading up to aircraft delivery.
But there are variations on a “firm” order.
The “Specify Later” order: Many leasing companies, for example, will order the smallest member in a series, retaining the option to switch upward to a larger model closer to delivery. So that order for an A319neo or -7MAX could really be for… Continue reading
AirInsight’s Ernie Arvai shares his thoughts on what he expects from next week’s Paris Air Show.
Play to hear the voice
and use this link PreParis 2013 for the PowerPoint.