Aero engines continue to represent “a robust investment opportunity” for those trading in the market for leased spares, according to the International Bureau of Aviation (IBA). However, the UK-based consultancy’s 2013 Engines Value Book, published last week, shows significant variations in engine values and shifts in demand for leased powerplants.
Airbus A320 family
ILFC, a wholly owned subsidiary of American International Group and one of the world’s largest aircraft lessors, preaches diversification in terms of aircraft and engine purchases, geographical distribution of its fleet and in the forms of leasing and financial programs it employs. Its Airbus A320 orders, which number 769 following additions at last month’s Paris Air Show, perhaps best reflect the company’s philosophy, notwithstanding the calculated risk it took when it signed as the A320neo’s launch customer.
The second generation of Embraer’s E-Jet series of narrowbody airliners was officially launched and named E2 during last week’s Paris Air Show. Seven launch customers rallied for the christening party, supporting the Brazilian airframer with approximately $17.8 billion worth orders and commitments for up to 365 of the twinjets.
International Lease Finance Corporation (ILFC) has been busy announcing a procession of airframe and engine deals here in Paris. On Tuesday, the company announced it had signed for CFM International Leap-1A engines to power a further 20 Airbus A320neo jetliners. That brought the total backlog to 60 shipsets. With the aircraft scheduled to begin deliveries in 2016, the new order is valued at $510 million.
ST Aerospace announced that it has been awarded an exclusive component maintenance-by-the-hour contract worth $28 million by Spring Airlines Japan. This contract involves component repair management support for 22 of Spring Airlines Japan’s Boeing 737-800s.
Under the agreement, ST Aerospace will provide support for component repair and warranty management, as well as consignment and pool access to its global rotables inventory pool. It expects the new contract to take effect in the second half of 2013 and stretch over eight years.
SS White Technologies (Hall 6, A60), supplier of aerospace flexible rotary shafts, is providing its shafts to transmit power to activate the thrust reversal actuation systems on the nacelle of the Pratt & Whitney Pure Power engine for the Airbus A320neo. The company is also providing flexible shafts to activate bomb bay doors on the new Kawasaki P1 maritime patrol aircraft presently under development to replace the PC-3 fleet. The first two operational aircraft were delivered in March.
Airbus has chosen the ACSS T3CAS traffic management computer as the standard surveillance avionics suite for the Airbus single-aisle narrowbody family of aircraft (A318, A319, A320 and A321). T3CAS combines–in a single LRU–key surveillance avionics, including traffic alert and collision avoidance system (Tcas), terrain awareness warning system (Taws), Mode S transponder with automatic dependent surveillance-broadcast (ADS-B) OUT and also ADS-B IN functions (airborne traffic situation awareness). T3CAS is also available on the A330, according to ACSS (Chalet A306).
Nick Leontidis, a 25-year veteran at CAE, took over the reins as group president of civil simulation products, training and services on June 6 and got busy that same day, when CAE announced it had sold six full-flight simulators. Three go to Azal (Azerbaijan Airlines) and three more to Turkish Airlines. Azal bought simulators for the Embraer 190 E-Jet, and for the Sikorsky S-92 and AgustaWestland AW139 helicopters. The Turkish Airlines purchases were for the Boeing 737NG, Airbus A320 and A330.
Boeing and Ryanair reached terms on the U.S. manufacturer’s largest ever firm aircraft order from a European airline yesterday. The deal, worth $15.6 billion at current list prices, calls for delivery over five years of 175 new Boeing 737-800s starting in September 2014. The order stands to raise Ryanair’s fleet count to more than 400 by the summer of 2018 from about 300 today.
Airbus introduced C4you, a new customer care center for its private jet customers that provides dedicated access to an experienced team co-located within Airbus’s Airtac center in Toulouse. Customers will have access to technical advice on both their airframe and their cabin through a single point of contact and will also be able to benefit from packaged services such as arrangements to implement service bulletins.