Day Two at Farnborough continued with additional announcements of orders from the major industry players, as well as briefings by senior executives.  We’ve captured interesting interviews today that will be posted as they are processed and uploaded from an internet connection that is a bit slower than we’re accustomed to.  Please bear with us on while we’re on the road.

Pratt & Whitney made a splash today, with President Paul Adams providing a briefing on the state of PW and their strategies.  PW, after the sale of Rocketdyne and their Power Systems business is now focused on turbo-machinery (engines and APUs) and he highlighted their positioning in 3 segments, large engines with the GTF, military with the F135, and PWC in the turboprop and small jet business.  Each are doing well, and the drop off in aftermarket revenues resulting from a shrinking market share will bottom out in 2014 with positive growth in 2015 and beyond.  The outlook for PW appears to be improving.  PW today announced orders from Philippines for 10 A320neo, Saudi Gulf for 4 A320neo and Azul for 30+20 E195s, and 6+4 from Air Mandalay for MRJs, among others.  Also 8+30 V2500 from BOC and IAG for Vueling. PW has now more than 6,000 engine commitments for GTF a year after passing the 3,500 mark at Paris.

PW appears to be in position with its GTF engine, which has been modified and will require 500 test cycles before resuming flight on the CSeries program to meet Transport Canada requirements, likely in a couple of weeks.  The DoD has cleared the F135 on the F-35 to fly again, and there is a long shot possibility that the aircraft may appear before the end of the airshow.  PW is also offering the PW1-JM Advantage engine for the A320neo beginning in 2019 that provides an additional 2% fuel burn improvement over the base engine.  With several orders today not scheduled until 2019, the engine choice should become more interesting, as this offers an additional 2%  fuel burn advantage over the current LEAP offering.

Airbus continued the A330neo campaign with orders for 15 from CIT and 15 from Avalon, and 50 from Air Asia X.  With orders for A330neo total now stands at 105 with first deliveries in 2018.  CIT also ordered 5 A321ceos, while BOC ordered 7 A320neos and 36 A320ceos.  The additional neo orders bring the total to more than 3,000 neo aircraft.

ATR announced an order for 7ATR-72s from Air Lease.

Boeing announced orders for 6 777-300ER and 4 options from Intrepid, 6 777-300ER from Air Lease and a reconfirmation of 20 737MAX 8 from Air Lease.

Bombardier announced orders for several Q400 aircraft and formally launched a combi version, with 50 seats and 8,800 pounds of cargo in a 1,152 square foot cargo area.  Additional Q400 orders included one firm from Alaska for Horizon, LOI for 5 from Falcon aviation, and 2 from Abu Dhabi aviation, a previously undisclosed customer.

CFM announced an order for 40 engines from Air Lease for 20 A320neos.

Embraer announced an order from Azul for 30+20 options for E2-195, and that Dream Airlines was a previously undisclosed customer for 3+3 E2-175s.

Mitsubishi announced an order for 6 firm and 4 options from Myanmar’s Air Mandalay.

Please watch for more updates and videos this week, and a series of analytical pieces next week sorting out what this week’s activities really mean for industry participants over the longer term.

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