At the 10th China International Aviation & Aerospace Exhibition in Zhuhai, Chinese OEM COMAC (no link because we cannot get www.comac.cc to load) signed an MoU with the Republic of Congo’s Ministry of Transport for three ARJ21-700s. The order consists of two ARJ21-700 regional jets and one ARJ21-700 business jet. The Republic of Congo also is known as Congo-Brazzaville. Continue reading
Frequently industry analysts get caught up in the vast amount of minutiae this industry generates. We decided to step back and take a 50,000 foot look at the industry and came up a few charts we find illustrative and interesting.
Taking the global fleet and breaking it down by regions gives us the first chart. Three markets are clearly crucial and make up 75% of the market. Numbers in the columns represent the fleet type size. The bold numbers indicate how much of the global fleet is based in the region.
The smaller markets are rather similar in extent. Turboprops represent 9.8% of the market, narrow body aircraft are 71.5% and wide body aircraft make up 18.8%. Continue reading
The first production ARJ-21, serial number 105, has taken its first test flight in Shanghai. The aircraft is destined for launch customer Chengdu Airlines early next year, which has 30 on order. The ARJ-21-700 will seat between 70-95 passengers, depending on configuration. The aircraft uses GE CF-34-10 engines, similar to the CRJ-700/900 and EJets, and incorporates components from 19 Western suppliers.
[UPDATE – see this link]
Yesterday this ARJ21 was spotted in Vienna. The aircraft is B-1110L and apparently doing test flights outside China. The aircraft has been doing tests in the UK and has also been spotted in Oslo. From Vienna it is reported the aircraft was headed to Ankara.
The ARJ program is running very late (initial deliveries were planned for 2007). That said, it appears to be coming along or COMAC would not risk flying it outside China as it has been. There is scant information on the aircraft’s performance or economics. We suspect the aircraft is overweight and therefore has relatively inefficient economics. But… Continue reading
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