Aerospace Industry

News and issues concerning aerospace companies, including formations, acquisitions, mergers and financials; and announcements of significant aircraft sales, delivery statistics and personnel appointments.

CIT Orders 30 Boeing 737 Max 8s
June 19, 2013 - 2:30pm

CIT Aerospace placed a firm order for 30 Boeing 737 Max 8s here yesterday. The order, worth some $3 billion at list prices, calls for delivery to the airline’s lessors in 2019 and 2020.

Appearing with Boeing Commercial Airplanes CEO Ray Conner, CIT Transportation Finance president Jeffrey Knittel said he hasn’t yet placed any of the airplanes, but that he harbors no concerns about placing all 30 over the next few years, well ahead of first delivery. “We don’t anticipate any issues,” said Knittel. “The interest level should be very high.”

Airbus Edges Ahead as Show Deals Top $165 billion
June 19, 2013 - 2:00pm
flying display

The 2013 Paris Air Show is on track to be the one of the highest-value air shows ever in terms of new business announcements. A brief analysis by AIN showed that by the end of yesterday sales on the civil side alone had already topped $165 billion. This total covered airliners, helicopters, business aircraft and engines, but excluded any associated service contracts. It included a lot of as-yet unconfirmed options and commitments, but AIN did exclude any previously announced business (where the customer identity had simply been confirmed).

Embraer Bags More E-Jet Orders
June 19, 2013 - 1:30pm

A new firm order for seven E190 airliners from Venezuela’s Conviasa led Embraer’s commercial activity here yesterday. The deal involved a conversion of options from an order placed in July 2012 and raised Conviasa’s firm order count to 13 E190s. It still holds options for another seven.

Embraer also identified Japan Airlines as the customer for an order for four more E170s. With that deal, JAL has now placed firm orders for 15 E170s.
Boeing Accelerates 737 Max Development
June 19, 2013 - 12:45pm
Boeing 737 Max

Boeing has shifted its 737 Max schedules to reflect first delivery of the Max 8 to Southwest Airlines in the third quarter of 2017, as early as six months ahead of the original plan, Boeing Commercial Airplanes vice president and general manager Scott Fancher revealed here in Paris yesterday. As a result, schedules for the Max 9 and Max 7 would also shift by at least a quarter. The company expects the program to reach firm design configuration in July. “The risks are understood, they’re being managed effectively and we have no serious technical issues to deal with,” said Fancher.

Aero Sekur Outlines Key New Contracts
June 19, 2013 - 10:15am

Survival systems specialist Aero Sekur (Hall 1 F24) is highlighting major new contracts for the company’s floatation and external liferaft systems. The company is also opening a new repair and overhaul joint venture and it has increased its international presence and appointed a new COO, Marco Borghesi.
2013 Dubai Airshow Could Break 60,000 Trade Visitors
June 19, 2013 - 10:00am
Dubai Airshow

The 13th edition of the Dubai Airshow (Chalet D-50) is expected to break its own record of 56,548 attendees in 2011 to more than 60,000 visitors this year, a 6-percent increase. The show will also have a bigger defense presence, particularly from the U.S., and as the region’s commercial aviation ambitions expand, many aircraft orders are expected to be signed, said Sharief Fahmy, CEO of F&E Aerospace, which is responsible for the event’s management.

A350 XWB Suppliers Join First Flight Celebrations
June 19, 2013 - 9:20am
Test pilots review elements of the flight plan before a test hop in the Airbus A350 XWB. The teams of suppliers that contributed to the program are closely watching the trials.

The successful first flight of the Airbus A350 XWB in Toulouse last Friday was a major milestone in the program and one to be celebrated by the manufacturer and its major suppliers. Rolls-Royce (Chalet B89), in particular, was pleased to see its Trent XWB engines power the aircraft from Runway 32L at Blagnac airfield for its 4hr 05min maiden flight.
Thales Invests in Customer Demo Centers
June 19, 2013 - 9:10am
Thales has introduced two new innovation centers where customers can sample the company’s products.

Thales has many things to show visitors to its enclosure and pavilion outside Hall 2 at the Paris Air Show. But potential customers can also benefit from two new demonstration facilities that the company has built around Paris. At Gennevilliers, a Customer Innovation Centre (CIC) opened last February to show technology and systems from across the company. The previous month, an Operations Centre was opened by the Thales Air Defense business at Rungis. Both are housed in new buildings, with Gennevilliers having replaced the company‘s old site at Colombiers.
IAI Showcasing a Variety Of Products At Paris Air Show
June 19, 2013 - 8:50am

With president and CEO Joseph Weiss completing his first year in office, IAI has a relatively new cadre of top management executives, but remains focused on the development of new systems and technologies to face future challenges. A key element of the company’s strategy for sustained growth and development is cooperation with its customers, with governments and with other companies, both at home and overseas.
Farnborough Airshow Venue To Get £25 Million Makeover
June 19, 2013 - 8:30am
A two-phase upgrade to the Farnborough International Airshow site will see, first, a permanent chalet row, followed by a permanent exhibit hall. Phase 1 should be completed in time for next year’s show. Phase 2 is scheduled for completion in time for the 2016 event.

The Farnborough International Airshow facilities will soon see almost £25 million in upgrades that Gerald Howarth, a UK Member of Parliament, said are a “real step-change forward that demonstrates a commitment to having the premier venue for airshows.” Announced yesterday here in Paris, the facilities upgrade will be done in two phases–the first of which includes building a permanent Chalet Row A and the latter of which involves erecting a permanent Hall 1.

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