Singapore Airshow Comes of Age with $32Bn in Orders
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ISSN 1718-7966 FEBRUARY 17, 2014 / VOL. 426 WEEKLY AVIATION HEADLINES Read by thousands of aviation professionals and technical decision-makers every week www.avitrader.com WORLD NEWS Airbus to set up own bank Airbus Group bought shares in a Munich-based bank, which will be renamed Airbus Group Bank and The Airbus which will be developed to pro- A350 (left) vide finance solutions to support was on the Group’s businesses. The deal display last is expected to be closed within the week at the Singapore coming weeks. Airshow See page 12 for more information Rolls-Royce net profit fall Airbus Rolls-Royce, the British engine-mak- er, warned that expected revenue growth to be flat in 2014 for the Singapore Airshow comes of age with $32bn in orders first time in a decade, after posting New Southeast Asian low-cost carriers fuel burgeoning demand a 41-per-cent fall in net profits in Singapore confirmed its place as 2013. Despite strong performances host of one of the four largest Singapore Airshow 2014: Key orders by its commercial aviation division, global airshows in the world af- Customer Provider Order Value¹ the ongoing cuts in the global mili- ter Paris, Farnborough and Du- Turkish Airlines IAE V2500 engines for 25 A321 $560m tary sector are ‘rolling through and bai after it closed its doors on hitting us’, according to chief ex- Myanma Airways GECAS Lease of 10 737 family jets $1bn the fourth edition of the event ecutive John Rishton. VietJetAir Airbus up to 100 A320 family jets $9bn² last week, with deals worth a VietJetAir CFM International CFM56-5Bs for 21 A320s $800m Norwegian gets Irish base record $32bn - $1bn more than the previous record set at the Norwegian secured final approval Amedeo Airbus Firm order: 20 A380s $8.3bn 2012 edition. from Irish regulators to base its DAE, Bangkok combined orders and commit- ATR $1.2bn international unit out of the coun- And according to The Econo- Airways & others ments of up to 48 ATR 72-600s try and will now apply to the US mist, Singapore could even leave Air Costa Embraer up to 100 E-Jet E2x $5.88bn² to launch trans-Atlantic flights, in Dubai behind in the near future Nok Air Boeing up to 15 737 family jets $1.45bn what is seen as a test case for budg- to become the third-biggest ¹at list prices; ²witih options et travel on the world’s most lucra- show - quite an accomplishment, tive international route. The airline it said, for a country that ‘does posted a net loss of NOK196.8m not even make planes’. buoyed in recent years by large Embraer announced a major new ($32.3m) in the fourth quarter of orders from upstart low-cost car- deal with Air Costa, an Indian 2013, down from net profits of New figures released last week riers like Indonesia’s Lion Air and carrier which only launched four 23.6m in the same period last year. by the Singapore Economic De- Malaysia’s Air Asia. months ago, and which placed a velopment Board revealed that firm order for 50 Embraer E-Jet EU - ASEAN open skies? the island’s aerospace indus- Orders at this year’s Singapore Airshow were boosted by a new E2 aircraft plus 50 options, val- The European Commission and try, based in large part around ued at a total of $5.88bn. ASEAN, the Association of South- the booming Seletar Aerospace crop of budget carriers, including east Asian Nations, have opened Park, is worth some S$8.7bn VietJetAir, Vietnam’s only private- Myanmar’s state carrier Myanma talks on a comprehensive air trans- ($6.9bn) and employs nearly ly-owned carrier, which agreed to Airways also hit the headlines port agreement that would provide 20,000 people, buy up to 100 Airbus A320 fam- when it placed an order with GE- greater market access and integra- ily aircraft in a deal worth more CAS to lease 10 Boeing 737 fam- tion in air services and the aviation The country’s location in the than $9bn at list prices, and ily jets as the country becomes industry, as well as cooperation to heart of southeast Asia places Thailand’s Nok Air, which made a increasingly open to the outside improve the efficiency of air traffic it firmly at the centre of the re- provisional booking for up to 15 world after years of isolation. management, and to harmonise gion’s booming commercial Boeing 737 family aircraft, worth safety and security standards aircraft sector, which has been some $1.45bn. Continued on page 13 KEEP CALM AND CARRY ON GLOBAL LIVE AOG SERVICE 24/7/365 www.gatelesis.com 3 AviTrader WEEKLY AVIATION HEADLINES AIRCRAFT & ENGINE NEWS Airbus: Asia-Pacific needs 11,000 aircraft over the next 20 years Airlines in the Asia-Pacific region will lead global demand for larger and more eco-efficient Norwegian acquires four new 787-9 aircraft over the next 20 years, according to Airbus’ latest Global Market Forecast (GMF). Dreamliners Airlines from the region will take delivery of some 10,940 new passenger and cargo air- Norwegian signed an agreement to acquire craft from 2013-2032, valued at $1.8 trillion. This represents 37% of all new aircraft deliv- four new Boeing 787-9 Dreamliners. This eries worldwide over the next 20 years, ahead of Europe, North America and the Middle means that the company has ordered 14 East. In value terms, the region will account for 42 per cent of the global market for new wide-body aircraft in total; three of which are airliners, reflecting the higher proportion already in service. The 787-9 is larger than of widebody aircraft required in Asia-Pa- the 787-8 that Norwegian currently operates cific. In the passenger market, the fleet on its long-haul routes. Norwegian continues of aircraft operated by Asia-Pacific carri- to expand its international operations by en- ers is expected to more than double in tering into an agreement with International the next 20 years, from 4,960 aircraft to- Lease Finance Corporation (ILFC) to lease day to over 12,130 jets, based on higher four Boeing 787-9 Dreamliners. The new than average annual traffic growth of Dreamliners are expected to enter service in 5.8%and replacement of nearly 3,770 VietJet, Airbus’ latest Asian customer Airbus 2017 and 2018. aircraft in service today. P&W to provide fuel efficient Pure- Power engines on Air Costa order for Boeing forecasts $1.9 trillion 20-year market for new airplanes in Asia 50 Embraer jets Pacific Pratt & Whitney will provide exclusive power Boeing (BA) says strong economic and for 50 firm Embraer E-Jets E2 aircraft, with passenger growth will be main drivers of an additional 50 purchase rights, for an order new airplane demand in the Asia Pacific announced by Embraer and Air Costa. De- region. Boeing estimates the region’s liveries are scheduled to begin in 2018. The airlines will need an additional 12,820 PurePower Geared Turbofan (GTF) engine airplanes valued at $1.9 trillion, repre- family has more than 5,000 orders and com- senting 36% of the world’s new airplane mitments, including options. deliveries over the next 20 years. “Asia Thaiiland’s Nok Airlines committed to buying 15 737 family Pacific economies and passenger traffic jets worth $1.45bn Boeing India’s Air Costa places firm order for continue to exhibit strong growth,” said 50 E-Jets E2s Randy Tinseth, vice president, Marketing, Boeing Commercial Airplanes during a media briefing before the opening of the Singapore Airshow. “Over the next 20 years, nearly Embraer S.A. signed a definitive agreement half of the world’s air traffic growth will be driven by travel to, from or within the region. with India’s Air Costa for a firm order for 50 E- The Asia Pacific fleet will nearly triple, from 5,090 airplanes in 2012 to 14,750 airplanes in Jets E2s with an additional 50 purchase rights. 2032, to support the increased demand.” Boeing’s data projects that passenger airlines in The acquisition is a mix of 25 E190-E2s and the region will rely primarily on single-aisle airplanes such as the Next-Generation 737 and 25 E195-E2s and has an estimated value of the 737 MAX, a new-engine variant of the market-leading 737, to connect passengers. $2.94bn based on 2014 list prices. The purchase Single-aisle airplanes will represent 69% of the new airplanes in the region. rights are for an additional 25 E190-E2s and 25 E195-E2s, bringing the total potential order to up to 100 aircraft and can reach $5.88bn if all are exercised. This transaction raises the total Aerolíneas orders GE’s CF6 engines to strengthen our relationship and dem- E-Jets E2 orders to 200 firm and 200 options/ for Airbus A330 fleet onstrates Aerolíneas Argentinas continued commitment to GE technology.” purchase rights since the launch of the E2 pro- Aerolíneas Argentinas ordered GE’s CF6-80E1 gram, in June 2013. Air Costa has become the engines to power its four new Airbus A330- first customer of E-Jet E2s in the Indian market 200 aircraft. “GE and Aerolíneas Argentinas TransAsia Airways’ first ATR 72-600 and will take delivery of the E190-E2 in 2018. have a strong relationship with the major- on its way to Taiwan The E195-E2 is scheduled to enter service in ity of their fleet powered by GE or CFM56* Taiwanese full service airline, TransAsia Air- 2019.