show briefing Farnborough Orders 2014
LESSORS DOMINATE There were collective order commitment announcements of over 1,000 during this year s Farnborough air show, and more than 200 option commitments. LCC 11% LEISURE 5% Biz/Gov 0.6% Much of the activity came from aircraft lessors. The airframers announced 576 order and option commitments from a dozen lessors during the show. While, as with airlines, some of these confirm earlier commitments and others are still be finalised, it is clear the aircraft lessors continue to have an appetite for ordering aircraft. Getting on for half of these commitments, 261, were for the Airbus A320neo. Another 20 were for Boeing s 737 Max and Airbus picked up 55 order MoUs from lessors for the re-engined A330 it launched at start of the show. REGIONAL 13% MAINLINE 13% COMMITMENTS 1,006 OPTIONS 204 LESSOR 58% 2 Flightglobal Show Briefing
BIG SPENDERS Steven Udvar-Hazy s leasing firm Air Lease was the most active customer during Farnborough, making commitments for 118 aircraft across five different types. The lessor was the first to go public with a commitment for the A330neo, signing an MoU for 25 of the type. It followed with orders both Airbus and Boeing new generation narrowbodies, Boeing 777-330ERs and more ATR 72-600s. Another lessor, SMBC Aviation Capital, signed the biggest firm order of the show and for a lessor for single-aisle aircraft by committing to 110 A320neos and five current generation models. Qatar Airways was the biggest spending airline at the show after firming its Dubai air show commitment for 50 Boeing 777Xs and placing purchase rights on 50 more of the type. It also also took commitments on eight freighters. 118 115 108 100 75 FIRM ORDER 93 Airbus A320neo 60 FIRM ORDER 50 Boeing 777X 50 Boeing 737 Max 20 ATR 72-600 7 Boeing 777 6 ORDER LOI 25 Airbus A330neo 25 FIRM ORDER 115 Airbus A320neo 110 Airbus A320ceo 5 OPTION 4 Boeing 777F 4 ORDER LOI 54 Boeing 777X 50 Boeing 777F 4 OPTION 50 Embraer E-Jet E2 50 ORDER LOI 50 Embraer E-Jet E2 50 FIRM ORDER 25 ATR 42-600 25 OPTION 50 ATR 42-600 50 Show Briefing Flightglobal 3
commitments and options by market group NARROWBODY 561 FIRM ORDER: 395 ORDER LOI: 145 OPTION: 21 REGIONAL JET 229 FIRM ORDER: 26 ORDER LOI: 106 OPTION: 97 WIDEBODY 275 FIRM ORDER: 74 ORDER LOI: 193 OPTION: 8 TURBOPROP 145 FIRM ORDER: 57 ORDER LOI: 10 OPTION: 78 NARROW LEAD Narrowbodies secured the largest share of orders. Hong Kong Aviation Capital finalised an order for 70 Airbus A320neo-family jets comprising 40 A320neos and 30 of the larger A321neo. The lessor had outlined a large acquisition under an MoU during last year s Paris air show. That agreement would have covered 60 aircraft. But it is taking another 10 A321neos under the firm deal. The order contributed to 317 commitments for the A320neo family during the show, including SMBC Aviation Capital s commitment for 110 of the type. Lessors AerCap, Air Lease and BOC Aviation also fed the figure, while British Airways is to take 20 A320neos. Chinese carriers Hainan Airlines and Okay Airways, together with Monarch Airlines of the UK, were among the airlines to tentatively sign for Boeing s 737 Max. Together with the Air Lease deal, this gave Boeing 121 commitments to its new narrowbody. Bombardier Cseries commitments included deals with operating lessor Falko and Chinese carrier Loong Air. 4 Flightglobal Show Briefing
narrowbody 13% Bombardier (71) 23% Boeing (127) NARROWBODY 561 65% Airbus (363) Airbus A320neo 317 Boeing 737 Max 121 Bombardier CSeries 71 Airbus A320ceo 46 Boeing 737NG 6 Buyer Orders Share SMBC Aviation Capital 115 20% Air Lease Corporation 80 14% Hong Kong Aviation Capital 70 12% Aercap 50 9% Hainan Airlines 50 9% Other 196 35% TOTAL 561 100% widebody 48% Airbus (133) WIDEBODY 275 52% Boeing (142) Airbus A330neo 121 Boeing 777X 100 Boeing 787 18 Boeing 777 16 Boeing 777F 8 Airbus A330ceo 8 Airbus A350 4 Buyer Orders Share Qatar Airways 108 39% AirAsia X 50 18% Air Lease Corporation 31 11% CIT Group 25 9% Avolon 21 8% Other 40 15% TOTAL 275 100% Show Briefing Flightglobal 5
Regional jet 7% Sukhoi (15) 3% Comac (6) 22% Mitsubishi (50) REGIONAL JET 229 69% Embraer (158) Embraer E-Jet E2 150 Mitsubishi MRJ90 50 Sukhoi Superjet 100 15 Embraer E-Jet 8 Comac ARJ21 6 Buyer Orders Share Trans States Holdings 100 44% Azul 50 22% Eastern Air Lines 40 17% Air Mandalay 10 4% Ilyushin Finance Company 8 3% Other 21 9% TOTAL 229 100% turboprop 7% Bombardier (10) 3% Viking (5) TURBOPROP 145 90% ATR (130) ATR 42/72 130 Bomnardier Dash 8 10 Viking Twin Otter 400 5 Buyer Orders Share Nordic Aviation Capital 75 52% Synergy Group 30 21% Myanma Airways 12 8% Air Lease Corporation 7 5% Montrose Global 5 3% Falcon Aviation Services 5 3% Other 11 8% TOTAL 145 100% 6 Flightglobal Show Briefing
SHow briefing: Farnborough - orders 2014 commitments and options by aircraft type Airbus A320neo 317 (all firm orders) Embraer E-Jet E2 150 (80 order LoIs & 70 options) ATR 42/72 130 (52 firm orders & 78 options) Boeing 737 Max 121 (26 firm orders, 80 order LoIs & 15 options) Airbus A330neo 121 (all order LoIs) A330-NEO LAUNCH Airbus ended Farnborough by announcing Russian carrier Transaero had signed a letter of intent covering a dozen A330neos as well as a further eight A330s. Together with an LOI from an undisclosed Asian carrier, the deal takes to 121 the number of commitments Airbus racked up during Farnborough for the Rolls-Royce Trent 7000-powered aircraft launched at the start of the air show. AirAsia X, which signed an MoU for 50 A330900neos, is the largest customer for the type. Three lessors Air Lease, Avolon and CIT Aerospace ordered 55 of the type between them. Show Briefing Flightglobal 7
commitments and OPTIONS by aircraft oem 496 FIRM ORDER: 358 ORDER LOI: 138 269 FIRM ORDER: 106 ORDER LOI: 140 OPTION: 23 158 FIRM ORDER: 5 ORDER LOI: 80 OPTION: 73 130 FIRM ORDER: 52 OPTION: 78 81 FIRM ORDER: 10 ORDER LOI: 65 15 FIRM ORDER: 15 OPTION: 6 6 ORDER LOI: 6 50 FIRM ORDER: 6 ORDER LOI: 20 OPTION: 24 5 ORDER LOI: 5 8 Flightglobal Show Briefing
commitments and OPTIONS by engine oem 10% 1% 10% 32% Undisclosed 11% ORDERS & OPTIONS 1,210 11% 24% NOTE: based on all 1,210 aircraft ordered during the show commitments and OPTIONS by country* COUNTRY SPLIT While a staple of the air show order stage in recent years, Gulf carriers were quiet at the show after their Dubai air show spending spree in November. Qatar Airways 50 firm orders for Boeing s new General Electric GE9X-powered 777-9X was the only one of the big three Gulf carriers to confirm orders during Farnborough. The Oneworld carrier has also taken 50 purchase rights, as well as four additional 777F orders and four options. USA 141 BRAZIL 80 UK 65 QATAR 108 CHINA 80 MALAYSIA 50 This year, there is a more even split among the home countries of airlines ordering aircraft, though there remains a bias towards those in emerging markets. * Figures related to the country where the operator is based Show Briefing Flightglobal 9
commitments and OPTIONS full listing Farnborough 2014 Buyer Buyer category Event type Quantity Aircraft model Market group Engine type SMBC Aviation Capital Lessor Firm Order 110 A320neo Narrowbody Undisclosed Air Lease Corporation Lessor Firm Order 60 A321neo Narrowbody Undisclosed Aercap Lessor Firm Order 50 A320neo Narrowbody Undisclosed AirAsia X LCC Order LoI 50 A330-900neo Widebody Trent 7000 Hainan Airlines Mainline Order LoI 50 737 Max 8 Narrowbody Leap Nordic Aviation Capital Lessor Option 50 ATR 42-600 Turboprop PW127 Qatar Airways Mainline Firm Order 50 777-9X Widebody GE9X Qatar Airways Mainline Order LoI 50 777-9X Widebody GE9X Trans States Holdings Regional Order LoI 50 E-175 E2 Regional jet PW1700G Trans States Holdings Regional Option 50 E-175 E2 Regional jet PW1700G Hong Kong Aviation Capital Lessor Firm Order 40 A320neo Narrowbody Undisclosed Azul LCC Order LoI 30 E-195 E2 Regional jet PW1700G Hong Kong Aviation Capital Lessor Firm Order 30 A321neo Narrowbody Undisclosed Monarch Leisure Order LoI 30 737 Max 8 Narrowbody Leap Air Lease Corporation Lessor Order LoI 25 A330-900neo Widebody Trent 7000 Nordic Aviation Capital Lessor Firm Order 25 ATR 42-600 Turboprop PW127 Falko Lessor Order LoI 24 CSeries Narrowbody PW1500G BOC Aviation Lessor Firm Order 22 A320ceo Narrowbody Undisclosed Air Lease Corporation Lessor Firm Order 20 737 Max 8 Narrowbody Leap Azul LCC Option 20 E-195 E2 Regional jet PW1700G Eastern Air Lines Mainline Order LoI 20 MRJ90 Regional jet PW1200G Eastern Air Lines Mainline Option 20 MRJ90 Regional jet PW1200G IAG Mainline Firm Order 20 A320neo Narrowbody Undisclosed Synergy Group Mainline Option 20 ATR 72-600 Turboprop PW127 Zheijang Loong Airlines Mainline Order LoI 20 CS100 Narrowbody PW1500G Avolon Lessor Order LoI 15 A330-900neo Widebody Trent 7000 CIT Group Lessor Order LoI 15 A330-900neo Widebody Trent 7000 Monarch Leisure Option 15 737 Max 8 Narrowbody Leap BOC Aviation Lessor Firm Order 14 A321ceo Narrowbody Undisclosed Transaero Mainline Order LoI 12 A330-900neo Widebody Trent 7000 CIT Group Lessor Firm Order 10 787-9 Widebody Undisclosed Synergy Group Mainline Firm Order 10 ATR 72-600 Turboprop PW127 Ilyushin Finance Company Lessor Firm Order 8 Superjet 100 Regional jet SaM146 Transaero Mainline Order LoI 8 A330ceo Widebody Undisclosed Air Lease Corporation Lessor Firm Order 7 ATR 72-600 Turboprop PW127 Bek Air Regional Firm Order 7 Superjet 100 Regional jet SaM146 Undisclosed Order LoI 7 CS300 Narrowbody PW1500G Air Lease Corporation Lessor Firm Order 6 777-300ER Widebody GE90 Air Mandalay Regional Firm Order 6 MRJ90 Regional jet PW1200G Avolon Lessor Order LoI 6 787-9 Widebody Intrepid Aviation Lessor Firm Order 6 777-300ER Widebody GE90 Myanma Airways Mainline Firm Order 6 ATR 72-600 Turboprop PW127 Myanma Airways Mainline Option 6 ATR 72-600 Turboprop PW127 Okay Airways Mainline Firm Order 6 737 Max 8 Narrowbody Leap Undisclosed Option 6 CS300 Narrowbody PW1500G CIT Group Lessor Order LoI 5 A321ceo Narrowbody Undisclosed Falcon Aviation Services Lessor Order LoI 5 Dash 8 Q400 Turboprop Undisclosed Montrose Global Lessor Order LoI 5 Twin Otter 400 Turboprop PT6A SMBC Aviation Capital Lessor Firm Order 5 A320ceo Narrowbody Undisclosed Undisclosed African Customer Order LoI 5 CSeries Narrowbody PW1500G 10 Flightglobal Show Briefing
Farnborough 2014 Buyer Buyer category Event type Quantity Aircraft model Market group Engine type Air Mandalay Regional Option 4 MRJ90 Regional jet PW1200G Air Mauritius Mainline Order LoI 4 A350-900 Widebody Trent XWB BOC Aviation Lessor Firm Order 4 A320neo Narrowbody Undisclosed Intrepid Aviation Lessor Option 4 777-300ER Widebody GE90 Okay Airways Mainline Firm Order 4 737-800 Narrowbody CFM56 Qatar Airways Mainline Order LoI 4 777F Widebody GE90 Qatar Airways Mainline Option 4 777F Widebody GE90 Undisclosed Asian airline Mainline Order LoI 4 A330-800neo Widebody Trent 7000 airbaltic Regional Firm Order 3 CS300 Narrowbody PW1500G BOC Aviation Lessor Firm Order 3 A321neo Narrowbody Undisclosed Fuji Dream Airlines LCC Firm Order 3 E-175 Regional jet CF34 Fuji Dream Airlines LCC Option 3 E-175 Regional jet CF34 Republic of Congo Biz/Gov Order LoI 3 ARJ21-700 Regional jet CF34 Abu Dhabi Aviation Regional Firm Order 2 Dash 8 Q400 Turboprop Undisclosed Air Algerie Mainline Firm Order 2 737-700C Narrowbody CFM56 Air Tahiti Regional Firm Order 2 ATR 72-600 Turboprop PW127 Azerbaijan Airlines Mainline Firm Order 2 E-190 Regional jet CF34 Falcon Aviation Services Leisure Firm Order 2 CS300 Narrowbody PW1500G MG Aviation Limited Lessor Firm Order 2 787-9 Widebody Undisclosed Nanshang Biz/Gov Order LoI 2 ARJ21-700 Regional jet CF34 Nok Air LCC Firm Order 2 Dash 8 Q400 Turboprop Undisclosed Petra Airlines Mainline Order LoI 2 CS100 Narrowbody PW1500G Petra Airlines Mainline Order LoI 2 CS300 Narrowbody PW1500G Air New Zealand Mainline Firm Order 1 ATR 72-600 Turboprop PW127 Air Tahiti Regional Option 1 ATR 72-600 Turboprop PW127 Alaska/Horizon Air Regional Firm Order 1 Dash 8 Q400 Turboprop Undisclosed Villa Air Regional Firm Order 1 ATR 72-600 Turboprop PW127 Villa Air Regional Option 1 ATR 72-600 Turboprop PW127 Yanshang Biz/Gov Order LoI 1 ARJ21-700 Regional jet CF34 NOTE: We have included the 50 777-9X and four 777F order LoIs as announced by Qatar Airways during the show which are not included in Boeing s recent news release. We also have not included the five 737 Max aircraft commitments from Avolon which were announced prior to the show. Show Briefing Flightglobal 11
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