This year’s Farnborough International Airshow proved a major success for MTU Aero Engines. Germany’s leading engine manufacturer secured orders worth around €800 million (according to list price), in particular with orders and memorandums of understanding (MoUs) for the PW1000G- geared turbofan (GTF) engine family for single-aisle aircraft. It powers the Airbus aircraft A220 (formerly C
CFM International, a 50/50 joint company between GE and Safran Aircraft Engines, has received orders and commitments for just over 858 LEAP and CFM56 engines at the 2018 Farnborough Airshow, in addition to long-term services agreements, at a total value of US$15.7 billion list price. • Hongtu Airlines CFM56-5B engines & RPFH $408 million •
Airbus has announced strong commercial aircraft business during the Farnborough Airshow 2018, with successes across its broad product portfolio – including the new A220 and A330neo families. Airbus came into the show already with 177 Single Aisle and 84 Widebody orders in 2018, complemented by a pre-show order for 60 A220-300s, the latter bringing the
Safran has passed a major milestone in its hybrid electric propulsion roadmap with the first ground test of a distributed propulsion system. The test run took place at a Safran Helicopter Engines test facility near Pau-Pyrenees Airport, in France. In a distributed hybrid electric propulsion system for aircraft, a turbo-generator (a gas turbine driving an
Hong Kong-based China Aircraft Leasing Company (CALC) has selected CFM International’s advanced LEAP-1A engine to power 17 firm and up to 50 option new Airbus A320neo family aircraft. In addition, the leasing company finalized an order for CFM56-5B engines to power three firm, nine option Airbus A320ceo aircraft. These two agreements are valued at US$550
At the close of the industry portion of this year’s Farnborough Air Show, Boeing announced a total of US$98.4 billion in orders and commitments for commercial airplanes at list prices and US$2.1 billion in commercial and defense services orders and agreements. Boeing marked an outstanding week for order capture in commercial aviation, with customers announcing
AirAsia X has placed an order with Airbus for an additional 34 A330neo widebody aircraft. The order was announced at the Farnborough Air Show in the UK by Kamarudin Meranun, AirAsia Co-Founder and AirAsia X Group Chief Executive Officer, Tan Sri Rafidah Aziz, Chairman of AirAsia X and Eric Schulz, Airbus Chief Commercial Officer. The
Mexico’s flag carrier, Aeromexico, has signed a 12-years Rate Per Flight Hour agreement with CFM Services to support a minimum of 128 LEAP-1B engines that power its fleet of Boeing 737 MAX 8 and MAX 9 airplanes. The order is valued at US$2.3 billion U.S. at list price. RPFH agreements are part of CFM Services
Boeing and British Airways have signed a commitment for three 777-300ER (Extended Range) airplanes. British Airways will take the 777s on an operating lease with a leasing company. British Airways is one of the world’s largest operators of the long-range jet, operating 58 777-200ER and 777-300ER airplanes across its global network. British Airways also flies
Following many months of negotiation and preparation, Doric’s Asset Management team has announced the first ever secondary market transaction for an Airbus A380. It comes almost 11 years after the first A380’s maiden commercial flight. The lease agreement with the Portuguese wet lease operator Hi Fly for the A380 (MSN 006) began in July 2018 and
