Farnborough 2008 Show News - July 16, 2008 - (Page 3)

FA R N B O R O U G H 2 0 0 8 AVIATION WEEK President Tom Henricks Publisher Greg Hamilton Editor-In-Chief John Morris Morrisoff@aol.com Senior Editors Rich Piellisch Mike Jerram News Editor Scot Greenan Copy Editor Andrea Ader Writers Tamir Eshel, Fred George, Robert Hewson, David Hughes, Paul Jackson, Reuben F. Johnson, Paul Richfield, Adrian Schofield Senior Art Director & IT Manager Kirk Fetzer Art Directors Maureen Spuhler, Ariel de Man Photographer Mike Vines Digital Photo Fran Vines Photo Assistant Nick Vines Digital Data Manager Jill Loveless Newsroom Manager Mara Morris VP Sales Mark A. Flinn mark_flinn@aviationnow.com MD Europe, Middle East, Africa Iain Blackhall Europe Romaine Meyer romaine_meyer@mcgraw-hill.com Germany/Switzerland Robert Rottmeier rottm@mcgraw-hill.com E. Europe/CIS/India/Italy Vittorio Rossi Prudente prudente@mcgraw-hill.com UK Mike Elmes mike.elmes@aerospacemedia.co.uk Business Manager Sean Beers Operations Manager Erving Dockery AVIATION WEEK B/CA Show News is published at Farnborough by The McGraw-Hill Companies, Inc., 2 Penn Plaza, New York, NY 10121 AVIATION WEEK also publishes Aviation Week & Space Technology, Aviation Daily, Aerospace Daily & Defense Report, Business and Commercial Aviation, Overhaul & Maintenance, The Weekly of Business Aviation, Defense Technology International, and the World Aerospace Database including World Aviation Directory. Material in this publication may not be reproduced in any form without permission. Printing & Distribution Managed by: Mike and Rachel Meadows Communisis © Copyright 2008 by The McGraw-Hill Companies, Inc. All rights reserved. Library of Congress ISSN 1092-6151 Airbus Signs Deals for 143 New Jets Airbus yesterday announced deals covering 143 aircraft worth more than $15.5 billion at list prices, although all but 20 of these orders had already been outlined in earlier agreements. The majority of the orders came from fast-growing lessor Dubai Aerospace Enterprise (DAE) Capital, which confirmed a deal for 100 aircraft. Tunisair also confirmed an earlier commitment for 16 aircraft. The new deals were 23 firm orders for lessor Aviation Capital Group, and a memorandum of understanding with Qatar for four aircraft. A320s dominated the total, accounting for 103 of the 143 aircraft. The ACG order covers 23 A320s, worth $1.8 billion at list prices. A few of these will arrive at the end of 2009, but most will arrive from 2014 onwards, says ACG managing director and CEO Stephen Hannahs. “More and more airlines will turn to leasing companies” in the current industry environment, Hannahs believes. Airlines want more fuel-efficient fleets, but current credit market constraints mean it will be harder for many airlines to finance their own orders. A memorandum of understanding for the DAE order was signed at the Dubai air show last year, but the aircraft had not yet been placed on the Airbus backlog. The order—valued at $12.6 billion—includes 70 A320 family aircraft and 30 A350-900s. The total value includes $1.2 billion worth of Trent XWB engines from Rolls-Royce for the A350s. These aircraft are currently scheduled to begin arriving in 2013, although DAE CEO Bob Genise said the company would like to find earlier slots if any become available. The company is discussing placements with some airlines, although no deals have been reached yet. The latest order means DAE now has 200 aircraft on order, with most due to be delivered in IAE reported more than $500 million in engine orders here yesterday. President and CEO Jon Beatty (left) and Aviation Capital Group evp Richard Cherney celebrate ACG’s order for 25 A320 family jets. 2011 and beyond. DAE is far from finished growing its portfolio, Genise said. The company is planning to enter into more sale/leaseback agreements with airlines and also wants to add more aircraft this year through acquisitions from other companies. Tunisair is ordering three A350-800s, three A330-200s and 10 A320s, worth about $2 billion at list prices. This confirms an initial agreement signed in April. The A330s will be delivered in 2012 and 2013, the A320s between 2011 and 2016, and the A350s in 2018 and 2019. The A330s—and eventually the A350s—will allow Tunisair to develop its long-haul plans, with the airline planning to introduce North American routes soon. Tunisair said the A320s will help it “renew and expand” its regional network. The Qatar MOU is for four A321s, worth a combined $360 million, with another two options. The aircraft will be delivered between 2009 and 2010. Qatar CEO Akbar Al Baker said the carrier is planning to make another narrow-body order “in the not too distant future.” The A321 order doesn’t rule out Qatar ordering Bombardier’s CSeries, Al Baker said. He rejected speculation that Qatar is preparing to launch a low-cost carrier, although he said Qatar would consider doing so if LCC competition grows too strong. -Adrian Schofield SSJ Shoots for a Century This Week Sukhoi’s Superjet The recent first flight of the Sukhoi Superjet has spurred a fresh wave of interest from potential operators, thinks Victor Subbotin, president of Sukhoi Civil Aircraft Company. This enabled Subbotin to announce at the Show on Tuesday a heads-of-agreement signature with Russia’s Avia-Leasing, covering 24 SSJ-100s and 16 options. This not-quitean-order brings Superjet commitments to 97, although Subbotin has hinted that he will be going home at the end of the week with “a backlog of more than 100.” —Paul Jackson Show News at Farnborough On site Newsroom: Chalet A20 Tel: +44 (0)1252 417798 www.aviationweek.com/shownews July 16, 2008 3 http://www.aviationweek.com/shownews

Table of Contents Feed for the Digital Edition of Farnborough 2008 Show News - July 16, 2008

Bombardier, Shenyang $5 Billion for Composites 787 and Seven V-22s for Export Sale? Saving Fuel at SFO Raytheon Roars Into UAVs Bell Eyes ARH-70A Costs All According to Plan We Fly the PC-12NG Russia’s T-50 PAK-FA Optimistic in Israel ICAO Sim Classifications Pratt to Power New Drone Russian Conglomerate

Farnborough 2008 Show News - July 16, 2008

For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.