Airliner leasing pioneer Steven Udvar-Hazy is back in business with a vengeance. Barely six months after leaving the ILFC group that he founded back in 1973, following a failed bid to take control of a stake in the company from its troubled AIG parent, Udvar-Hazy's new Air Lease venture gave the industry a welcome shot in the arm by ordering about $10 billion worth of aircraft at July's Farnborough International Airshow.
AIN Air Transport Perspective » August 13, 2010
A decision to re-engine the Boeing 737 will hinge largely on the company's ability-or lack thereof-to introduce an all-new narrowbody by the end of this decade, Boeing CEO Jim McNerney said last month.
EADS has raised its order projection for its Airbus unit this year to more than 400 aircraft from its previous estimate of between 250 and 300 following a better-than-expected sales showing at last month's Farnborough airshow and indications of further strengthening in the narrowbody market in particular.
Citing “a couple of workmanship issues, and a design issue or two,” Boeing CEO Jim McNerney planted another seed of doubt about the company's chances of delivering the first 747-8 before year-end. In fact, McNerney said the 787 Dreamliner-from which Boeing has already exhausted most of its schedule margin for delivery this year-stood a better chance of meeting its 2010 delivery goal than did the 747-8.
Qatar Airways CEO Akbar Al Baker's surprise revelation at the Farnborough airshow that "issues” with the Pratt & Whitney PW1000G geared turbofan engine had blocked an order for as many as 90 Bombardier C Series jets at the show seemed the last thing P&W needed at a critical time for the engine program.