The 2017 International Paris Air Show produced a fairly impressive number of sales announcements, though the pace was down a bit from recent Paris shows. Orders and other commitments for commercial airliners (including regional jets and turboprops) announced at the show totaled just over 1,000 aircraft. In terms of sales, this put the 2017 show somewhat behind the 2015 Paris show and well behind the 2013 Paris show, but ahead of the 2016 Farnborough show. Continue reading
Over the past few years, Hanwha of South Korea has transformed itself into a major defense firm. Founded during the Korean War as a gunpowder producer, the company has returned to its defense-related roots with a series of acquisitions. Continue reading
Steam turbines have been the cornerstone of electrical power production since the late 19th century. Found to be more efficient than reciprocating engines, the steam turbine helped usher in a modern age. Utilizing steam gives the turbine flexibility in the fuel used to produce that steam. Anything that can burn is basically a candidate; however, lately the fuels themselves have become questionable. Countries around the world have been struggling to mitigate the burning of potentially eco-unfriendly fuels to create energy. So what is to become of the highly efficient steam turbine? Continue reading
According to projections from Forecast International’s Platinum Forecast System® 3.1, a total of 26,210 large commercial jetliners will be produced in the 15-year period from 2017 through 2031. The value of this production is estimated at $4.15 trillion in constant 2017 U.S. dollars. Continue reading
Embraer plans to conduct a flight display of three new aircraft at this year’s Paris Air Show. The Brazilian aerospace company will display its commercial E195-E2 airliner, Legacy 450 business jet, and KC-390 military multirole transport. Continue reading
The European Aviation Safety Agency (EASA) and the U.S. Federal Aviation Administration (FAA) have certified a new version of the Cessna 172 Skyhawk powered by a diesel engine, the Turbo Skyhawk JT-A. Deliveries to customers in Europe and the U.S. will begin soon. Continue reading
According to FI’s Platinum Forecast System, GE has clearly moved into the dominant world position in the production of industrial & marine gas and steam turbines. As shown in the pie chart, GE Energy, with plants in Cincinnati (Ohio), Erie (Pennsylvania), Schenectady (New York), and Atlanta (Georgia), will capture 33.76 percent of the world market, valued at over $113.6 billion, during the 2017-2031 period. In addition, subsidiaries in France, Italy, and Japan will contribute about 3 percent of production, bringing the overall share of GE up to almost 37 percent of the world market. Continue reading
Airbus Orders Picking Up Pace as Boeing Delivers First 737 MAX
by J. Kasper Oestergaard, European Correspondent.
Boeing and Airbus delivered 56 and 60 commercial jets in May 2017, respectively, compared to 71 and 57 during the same month last year. This year to date, Boeing has delivered 277 jets (301 at the same time last year), while Airbus has delivered 242 jets (234 in 2016). In 2016, Boeing delivered 748 jets (762 in 2015), in line with company expectations, while Airbus surpassed its delivery target of 650 jets by handing over 688 jets during 2016 (635 in 2015). Continue reading
This blog post briefly highlights Airborne Retrofit & Modernization news from the past week. More in-depth news can be found in Forecast’s E-Market Alert. To the minute R&M news can also be found via the Forecast R&M twitter account, @MBeresFI.
After years of talk with little to show for it, the governments of Europe are finally moving forward with long-held cooperative defense ambitions through the auspices of the European Union. The announcement by the EU on June 7 of a European Defense Industrial Program co-financed by members to the tune of EUR500-EUR590 million annually through 2020, thereafter growing to EUR1-EUR1.5 billion annually, marks the launch of an effort to bring commonality and unity to an otherwise fragmented market. Continue reading