March 24, 2016, © Leeham Co.: Pratt & Whitney Canada (PWC) continues development of the next generation turboprop engine, even as low oil prices reduce the attractiveness of turboprop airplanes.
Few believe oil prices won’t creep back up over time, once again making prop-jets attractive once again. The ancillary question is what’s next for this type airplane? An entirely new, clean-sheet design? A 90-100 seat turboprop airplane? Or retrofitting this next-gen engine on today’s turboprop airliners?
Summary
Posted on March 24, 2016 by Scott Hamilton
March 15, 2016: Nordic Aviation Capital yesterday announced it acquired regional aircraft lessor Jetscape Aviation Group. This is the second major acquisition since December. Then, NAC agreed to acquire 25 ATR turboprop aircraft from Air Lease Corp., which decided to focus entirely on jets, most of which are mainline aircraft. All but a handful of the ATRs were already leased, with the remaining still in production.
Nordic had nearly 250 aircraft from the ATR and Bombardier Dash and Q families, plus a small number of Bombardier CRJs, Airbus A320s and Boeing 737s. The Jetscape acquisition brings Embraer EJets to the Nordic portfolio.
“The deal will see Nordic Aviation Capital expand into the regional jet arena, bringing 28 owned Embraer E-Jets, commitments for 11 E-Jets and a further 18 of the type under management into its sizeable regional aircraft portfolio,” the company said in a press release.
Posted on March 15, 2016 by Scott Hamilton
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Introduction
Feb. 16, 2016, © Leeham Co.: Bombardier’s fourth quarter and full year 2015 financial results will be reported Wednesday, and we don’t expect the situation to be pretty.
Yes, officials will highlight the recent closing of the sale of 30% of the Transportation (Rail) subsidiary.
Yes, the C Series is now on a world tour and appearing at the Singapore Air Show this week.
Yes, the CS100 will enter service in the second quarter.
Yes, the CS300 should be certified, delivered and enter service before the end of this year.
But missing will be any concrete information about new orders.
Summary
Posted on February 15, 2016 by Scott Hamilton
Feb. 1, 2016, © Leeham Co. Ouch.
Boeing stock tanked about 10% last Wednesday when the company surprised analysts with unexpected news and below expectations 2016 guidance.
Bombardier became a penny stock.
What the heck happened?
Posted on February 1, 2016 by Scott Hamilton
ATR Turbo-prop. Photo via Google images.
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Introduction
ATR and Bombardier are incumbents. China has a home-market offering.
Indonesia and India want to create a product.
It’s the 60-seat and up turbo-prop market.
It’s too many companies chasing too-small a market.
Summary
Posted on November 23, 2015 by Scott Hamilton
By Bjorn Fehrm
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Introduction
Sep. 21 2015, ©. Leeham Co: Comparing and evaluating operational and economic performance of competing airliners is a complex task that requires analysis of thousands of parameters.
It’s not unknown for smaller airlines to have limited capability to undertake these difficult analyses. Accordingly, they often rely on the Original Equipment Manufacturers (OEMs) for their analysis on behalf of the potential customer.
Unfortunately, the OEM’s have little incentive to provide an unbiased view of either their products nor those of their competitors.
Thorough evaluations require quite some preparations. If these preparations are not carried out correctly, the result can be biased to the extent that the evaluation method dictates which’s the best aircraft and not the most suitability aircraft for the task. We will in a series of articles cover how aircraft evaluations are done and how evaluation pitfalls can be avoided.
Summary:
Posted on September 21, 2015 by Bjorn Fehrm
By Bjorn Fehrm
Introduction
June 15. 2015, C. Leeham Co: ATR said its turboprop product has broken a barrier that was thought impossible for regional turboprops at its Paris Air Show press briefing today. It was a company telling about being in a strong market and enjoying a market leading position. ATR sold its 1500th aircraft to Japan Airlines Commuter (JAC), the regional daughter of Japan Airlines. JAC signed for eight ATR 42 to replace the Saab 340 fleet. JAC also holds options for a further 15 aircraft. The order was the first for ATR aircraft to Japan.
ATR, which is owned 50:50 by Airbus and Finmeccanica of Italy with headquarters in Toulouse, is dominating the under 90 seat worldwide turboprop market. ATR said that it will unveil business for 46 aircraft during the air show with 35 options as it continues to dominate the world market for turboprops which seats up to 90 passengers. ATR claims it has controlled 77% of the market since 2010 to date and that its customer base during that time was 51 customers versus nearest competitor’s 24.
Posted on June 16, 2015 by Bjorn Fehrm
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Introduction
June 1, 2015, c. Leeham Co. It could be called the Qatar Airways Air Show.
Qatar Airways plans to have five airliners on display at the Paris Air Show in two weeks: the Airbus A319, A320, A350, A380 and the Boeing 787. The carrier hasn’t announced whether it will provide an aerial display as it has at previous air shows, but Qatar may well have more airliners there than Airbus or Boeing.
As for manufacturers other than Airbus and Boeing, we don’t expect anything of consequence from these.
Summary
Posted on June 1, 2015 by Scott Hamilton
Airbus, ATR, Boeing, Bombardier, CFM, Comac, Embraer, Emirates Airlines, Irkut, Mitsubishi, Paris Air Show, Pratt & Whitney, Premium, Qatar Airways, Rolls-Royce, Sukhoi
787, A319, A320, A350, A380, Airbus, ATR, Boeing, CFM, Comac, Emirates Airlines, Engine Alliance, GE Engines, Irkut, Mitsubishi, Paris Air Show, Pratt & Whitney, Qatar Airways, Rolls-Royce, Suhkoi, Tim Clark
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Introduction
Maria Della Posta, SVP Sales and Marketing, Pratt & Whitney Canada
April 5, 2015, c. Leeham Co. Pratt & Whitney Canada (PWC) continues to develop the next generation turbo prop engine despite little interest from Bombardier for a replacement for its slow-selling Q400 or from Airbus, 50% owner of ATR, dominant producer of this type of aircraft.
Maria Della Posta, SVP of sales and marketing, said PWC is confident demand will prevail over the current lack of interest to see a new airplane program launched as early as 2016 or 2017–though she hedges that this could slip a year or two.
Summary
Posted on April 5, 2015 by Scott Hamilton
March 19, 2015: C. Leeham Co. Bombardier’s current challenges don’t end with the CSeries. The company has seen its once-dominate positions in the regional jet and turbo prop markets decline precipitously.
The CRJ struggles in its sales against the Embraer E-Jet. The Q400’s market share of the turbo prop sector has declined to a mere 10% of the backlog vs ATR.
Still, Ross Mitchell, vice president of Business Acquisition and Commercial Aircraft for Bombardier, gave a spirited defense and upbeat outlook of both products during last week’s ISTAT conference in Phoenix. In a one-on-one interview the next day, we posed a series of questions about the CRJ and the Q400. Today’s report is about the Q400. Tomorrow’s will be about the CRJ.
Posted on March 19, 2015 by Scott Hamilton