LEAP Ready to Jump Ahead of CFM56

by Carter Palmer, Power Systems Specialist, Forecast International.

LEAP-1B Engine. Source: CFM International

The completion of the biennial Paris Air Show marks a time when orders are tallied and success is measured. The battle for orders between Airbus and Boeing is not new; however, with each airframe sold, suppliers also reap the rewards, particularly engine manufacturers. Continue reading

Airborne Retrofit & Modernization Highlights – 7/3/17 Edition

by Matthew Beres, Airborne Retrofit & Modernization Analyst, Forecast International.

This blog post briefly highlights recent Airborne Retrofit & Modernization news. More in-depth news can be found in Forecast’s E-Market Alerts. Sign up here to receive our World Aerospace and Defense Intelligence Newsletter. To the minute R&M news can also be found via the Forecast R&M twitter account, @MBeresFI. Continue reading

Aviation Industry Makes Good Showing at Paris 2017

by Ray Jaworowski, Senior Aerospace Analyst, Forecast International.

A Boeing 737 MAX in Malindo Air Livery
Photo Courtesy The Boeing Company

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

Hanwha Focuses on Aerospace and Defense Operations

by Richard Pettibone, Aerospace & Defense Companies Analyst, Forecast International.

K21 Infantry Fighting Vehicle. Source: Hanwha

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 Adapt to the Changing Power-Generating Landscape

by Carter Palmer, Power Systems Specialist, Forecast International.

Steam Turbine Production at LMZ.

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

Forecast International Predicts $4.15 Trillion Large Jetliner Market Over 15 Years

by Ray Jaworowski, Senior Aerospace Analyst, Forecast International.

Boeing and China Aircraft Leasing Group (CALC) announced an order for 50 737 MAX airplanes at the 2017 Paris Air Show. Source: Boeing

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

Three New Embraer Aircraft to Make Paris Air Show Debut

KC-390 Take Off. Source: Embraer

by Bill Ostrove, International Military Markets Analyst, Forecast International.

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

New Diesel-Powered Cessna 172 Skyhawk Certified by EASA and FAA

By Douglas Royce, Senior Aerospace Analyst, Forecast International.

Turbo Skyhawk JT-A. Source: Cessna

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

General Electric to Dominate Industrial Power Market

By Stuart Slade, Gas Turbine Systems Analyst, Forecast International.

Industrial & Marine Gas and Steam Turbines Market Share. Source: FI’s Platinum Forecast System

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, Boeing Report May 2017 Commercial Aircraft Orders and Deliveries

Airbus Orders Picking Up Pace as Boeing Delivers First 737 MAX

by J. Kasper Oestergaard, European Correspondent.

On May 16, 2017, Boeing delivered its newest narrowbody jet, the 737 MAX 8, to Malaysia-based Malindo Air (Batik Air Malaysia), which will be the first customer to put the MAX into commercial service.
Photo Courtesy The Boeing Company

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