The recently concluded Farnborough International Airshow generated an impressive number of orders and other purchase commitments (options, letters of intent, Memoranda of Understanding, etc.) for the world’s commercial aircraft manufacturers. Aircraft orders and commitments totaled more than 1,400, outpacing recent Farnborough shows and even the last two Paris Air Shows (2017 and 2015). One would have to go back to the 2013 Paris show to find a bigger sales haul at an international air show. Continue reading
As usual, the order contest between Airbus and Boeing will take center stage at this year’s Farnborough International Airshow in the U.K. Through the end of June 2018, orders for the two giant manufacturers were somewhat ahead of the pace set in the first six months of 2017. With few or no signs evident of an immediate sales slowdown, the stage is set for another big order haul at the show for Airbus and Boeing. It should be kept in mind, though, that the Farnborough show tends to generate a lower number of order announcements than does the rival Paris Air Show. Continue reading
The times they are a-changin’.
In a move that has altered the commercial aircraft OEM landscape, Airbus has announced a tie-up with Bombardier. As a counter, Boeing is moving to join with Embraer. A teaming between Boeing and Embraer will allow the two firms to better compete against the CSeries, which has been the focus of several trade disputes in both Brazil and the U.S. Continue reading
Dassault moved quickly to replace its canceled Falcon 5X business jet with the new Falcon 6X, a larger and longer-range aircraft targeted at roughly the same portion of the market that the 5X had been. In December 2017, Dassault canceled development of the 5X, and began the process of terminating its contract with Safran for the supply of Silvercrest engines to power the aircraft. At the same time, still seeing a market need for a new aircraft in this niche, Dassault announced a new, then-unnamed Falcon business jet. In February 2018, this new aircraft received the name Falcon 6X. Continue reading
By Richard Pettibone and Ray Jaworowski, Analysts, Forecast International.
Boeing and Embraer have confirmed that the two companies are engaged in discussions regarding a potential combination, the basis of which remains under discussion. While an outright acquisition is unlikely due to Brazilian government fears of outright foreign ownership, some form of joint venture is likely. Continue reading
Data from Forecast International’s innovative Platinum Forecast System® 3.1 show that a total of 12,282 business jets will be produced during the 15-year period from 2017 through 2031. We estimate the value of this production at $354 billion in 2017 U.S. dollars. Continue reading
Forecast International projects that a total of 5,728 regional aircraft will be produced in the 15-year period from 2017 through 2031, including both regional jets and regional turboprop airliners. The value of this production is estimated at $212.9 billion, as calculated 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
U.S. Manufacturers Delivered 311 Aircraft in Q1 2017 – up 32 from 2016
by J. Kasper Oestergaard, European Correspondent.
According to the General Aviation Manufacturers Association (GAMA), the first quarter of 2017 showed mixed results for the industry – with several bright spots appearing. Fixed-wing general aviation aircraft manufacturers delivered 434 aircraft worldwide, up 2.8 percent from 422 in the Q1 2016. However, revenues declined as much as 10.9 percent (to $3.6 billion), due to increased competition and lower prices. Continue reading
Embraer has postponed service entry of its new E175-E2 regional jet by approximately one year. Originally targeted for 2020, the E175-E2 is now scheduled to enter service in 2021. The company said that, in part, the postponement is due to the inability of major airlines in the U.S. to negotiate a relaxation of scope clauses in pilot contracts. Continue reading