paris airshow 2015

Paris air show

2015

2 | Flightglobal

show briefing: Paris air show 2015

Biz/Gov

Cargo

Regional

LCC

Lessor

Mainline

LESSOR31%

MAINLINE40%

REGIONAL6%

LCC21%

CARGO2% BIZ/GOV

0.2%

COMMITMENTS

999OPTIONS

224

Despite pre-show suggestions that there would be less business, order commitments and options again passed the 1,200 mark at this year’s Paris air show. Indeed, the order and option commitments for 1,223 aircraft announced at this year’s event covered 13 more aircraft than disclosed at the Farnborough air show last year. This includes 226 options during Paris, 22 more than at Farnborough.

Of the 999 order commitments, 428 were firm orders and another 571 were tentative deals still to be firmed.

Aircraft lessors were again active players at the show, if at lower levels than at Farnborough when they signed for 576 aircraft. At Paris they committed to 369 aircraft, predominantly covering Airbus and Boeing narrowbodies.

But this year network carriers were the busiest, placing orders and option commitments for 476 aircraft. Low-cost carriers accounted for a further 257 commitments.

3 | Flightglobal


TOP FIVE CUSTOMERS

TOTAL

102TOTAL

100TOTAL

90TOTAL

64

Airbus saved its biggest deal to the last day of the Paris air show after revealing that newly listed European budget carrier Wizz Air had tentatively agreed to take 110 Airbus A321neos in a high-density, 239-seat “Cabin Flex” configuration.

Airbus says the aircraft, fitted with 18in seats, would be delivered between 2019 and 2024. The Wizz deal, which also covers 90 purchase rights, is the biggest single order for the variant, and the largest deal announced during the air show.

Korean Air, which made commitments for new generation Airbus and Boeing narrowbodies, announced business covering over 100 aircraft. Forty of these cover options.

Its SkyTeam partner Garuda Indonesia similarly made commitments for aircraft from both Seattle and Toulouse. It announced tentative deals for 30 Airbus A350s, 30 Boeing 787-9s and 30 737 Max 8s.

Aircraft lessor AerCap signed for 100 Max 8s, having ordered A320neos at Farnborough.

Aircraft model Firm order Order LoI Option Option LoI TOTAL

Airbus A321neo 30 20 50Boeing 737 Max 8 30 20 50Boeing 777-300ER 2 2


Boeing 737 Max 8 100 100


Airbus A350 30 30Boeing 737 Max 8 30 30Boeing 787-9 30 30


Comac ARJ21 7 7Comac C919 7 50 57

TOTAL

200Aircraft model Firm order Order LoI Option Option LoI TOTAL

Airbus A321neo 110 90 200

AerCap signed a firm order for 100 Boeing737 Max 8s

4 | Flightglobal


commitments and oPtions by market grouP

NARROWBODY

834WIDEBODY

132

FIRM ORDER: 275

ORDER LOI: 409

OPTION: 20

OPTION LOI: 130

FIRM ORDER: 41

ORDER LOI: 91

REGIONAL JET

120TURBOPROP

137

FIRM ORDER: 60

ORDER LOI: 7

OPTION: 53

FIRM ORDER: 52

ORDER LOI: 64

OPTION: 21

There were over 800 order and option commitments for narrowbody aircraft unveiled during the show. The vast majority of these were for Airbus A320neos and Boeing 737 Max aircraft. The narrowbody commitments also included 64 for Comac’s C919.

Boeing’s widebody business included Volga-Dnepr’s tentative deal to acquire another 20 747-8 freighters. The Russian cargo specialist is looking to expand a 747-8 fleet operated by its AirBridge Cargo division. The US manufacturer also disclosed a follow-up order from Ethiopian Airlines for six 787s, previously attributed to an unidentified customer.

Qatar Airways was active again, placing follow-on orders for 10 777-8Xs and four 777 Freighters. Korean Air also ordered a pair of 777-300ERs.

Garuda Indonesia ordered 787s and A350s, while Taiwanese carrier Eva Air added long-haul aircraft from both airframers, with preliminary deals for five 777 Freighters and four additional A330s.

On the Airbus side, it secured a commitment from Saudia for 20 of the regional version of the A330-300 under an agreement which will also include 30 A320ceos. It will take the A330s on lease from Middle East lessor IAFC.

The carrier had already been revealed as an initial customer for the new lower-weight A330 variant, which is being aimed at high-density shorter routes. Airbus has confirmed that Saudia, which already has 12 A330s in its fleet, will be the first operator of the type.

5 | Flightglobal


narrowbody widebody

(486)

(284)

NARROWBODY

834WIDEBODY

132(77)

(55)

57%35%

40%

60%

Airbus A320neo 433Boeing 737 Max 241Comac C919 64 Boeing 737NG 53Airbus A320ceo 43

Boeing 787 36 Airbus A350 31Airbus A330ceo 24Boeing 747 20Boeing 777X 10Boeing 777F 9Boeing 777 2

(64)8%

Qatar Airways was back in order action signing for more Boeing 777s

Chinese lessor Ping An Leasing signed tentative deal for 50 C919s

6 | Flightglobal


REGIONAL JET

120TURBOPROP

137 (81)

(6)

86%(103)

12%(14)

3%(3)

59%

4%

36%(50)

Embraer E-Jet 53Embraer E-Jet E2 50Comac ARJ21 14Sukhoi Superjet 100 3

ATR 42/72 81Viking Twin Otter 400 50Bombardier Dash 8 6

regional jet turboProP

Cebu Pacific to launch high density ATR 72-600Lessor AirCastle contributed to half Embraer’s 50 firm orders

7 | Flightglobal


commitments and oPtions for toP five aircraft tyPes

Airbus secured 433 commitments – though only 91 are firm orders at this stage – for its A320neo. That was bolstered by the Wizz commitment for 200 aircraft, including 90 options.

Synergy Group, which signed a tentative deal for 62 of the type for its Avianca Brazil unit, was the second largest commitment for the type. Aircraft lessor GECAS also signed for 60 A320neos.

Boeing secured commitments for 241 737 Max jets, including a firm order for 100 from lessor AerCap. Another lessor which had ordered heavily at Farnborough, SMBC Aviation Capital, came back for more, adding a further 10 Max 8s to the 80 it already had on order.

Minsheng Financial Leasing signed an MoU for 30 737s - a mix of NGs and Max jets. Chinese carrier Ruili Airlines committed to 30 Max jets with financial support from AVIC International Leasing.

TOTAL

433TOTAL

241TOTAL

81TOTAL

64TOTAL

53

Airbus A320neo

Boeing 737 Max

ATR 42/72

Comac C919

Embraer E-Jet

Firm order Order LoI Option Option LoI

91 232 20 90

111 110 20

46 14 21

7 57

25 28

8 | Flightglobal


Firm order Order LoI Option Option LoI Total Values ($m)

155 266 20 90 531 32,198

46 14 21 81 1,554

154 177 40 371 27,463

6 6 124

14 64 78 3,606

50 53 103 3,309

3 3 68

50 50 800

428 571 94 130 1,223 69,121

orders by aircraft manufacturer

TOTAL

The Wizz deal pushed Airbus ahead during the week for orders and options – though Boeing always maintains it does not enter the air-show orders race – having secured 421 order commitments and 110 options. Boeing disclosed 371 commitments during the air show, of which 40 were options.

Airbus held sway with around two-thirds of the narrowbody deals, while Boeing secured 77 widebody commitments to 55 from Airbus over the week.

ATR racked up 81 order and option commitments during the week that included Cebu Pacific as the launch customer for its high-density ATR 72-600. The Philippine carrier ordered 16 of the type and took options on 10 more. The aircraft are equipped with 78 seats. ATR also secured its first Japanese customer, after Japan Air Commuter signed for eight ATR 42-600s.

Chinese lessor Ping An Leasing inked a letter of intent for 50 C919s, becoming one of Comac’s largest customers. Chinese investor Puren Group also signed for seven C919s and seven ARJ21s. The aircraft are for start-up Puren Airlines.

Aircastle ordered 25 Embraer 190/195-E2s, while Embraer also secured orders from US carriers United Airlines and Alaska Airlines, as well as Chinese start-up Colorful Guizhou.

Flightglobal’s Ascend equates this to over $69 billion in business. The order values are in 2015 dollars, based on Ascend’s 2015 Full-Life Base Values, as these are judged to more closely reflect the actual value of the orders, rather than the manufacturer list prices often quoted.

9 | Flightglobal


44%

29%

9%

9%

7%3% 0.2%

commitments and oPtions by engine oem

Unannounced

NOTE: based on all 1,202 aircraft ordered during the show

ORDERS & OPTIONS

1,223

Engine commitments were included with just over half the aircraft order commitments and options announced during Paris, with CFM International – sole powerplant provider on Boeing 737s – securing almost 30% of this business.

Several orders though were left open. No engine manufacturer was disclosed for the Avianca Synergy A320neo commitment, as neither has one been disclosed for Avianca’s 100 neo order sealed in May. But the group’s first batch of A320Neos are powered by CFM International’s Leap-1A engines.

Neither were there engines announced for Garuda Indonesia’s 787s nor Saudia’s new A330 regionals and additional A320s - though Saudia’s current A330s are powered by Rolls-Royce Trent 700s while its A320-family fleet is fitted with CFM International CFM56s.

Italian operator Neos was disclosed as a customer for three Rolls-Royce Trent 1000-powered Boeing 787-8s, while Ethiopian Airlines is taking the six remaining early-build 787-8s known as the “terrible teens”.

Boeing had struggled to find buyers for 10 787-8s that rolled off the assembly line before a block-point design change dramatically reduced the aircraft’s weight and improved its fuel efficiency.

Ethiopian already operates 13 787-8s powered by General Electric GEnx-1B engines, but will now lease six Rolls-Royce powered aircraft. The carrier is to lease the jets from AerCap and Rolls-Royce states the powerplant agreement had already been recorded in its orderbook.

Engine deals covering previously ordered aircraft announced during the show included repeat business from Central European carrier Wizz Air and aircraft lessor CIT for International Aero Engines V2500 engines to power A321s.

Turkish Airlines meanwhile picked Pratt & Whitney’s PW1100G engine for its on-order Airbus A321neos.

10 | Flightglobal


order market share by oPerator region

NORTH AMERICA

5%Total: 42

SOUTH AMERICA

8%Total: 67

AFRICA

1%Total: 9

ASIA-PACIFIC

50%Total: 403

EUROPE

28%Total: 229 MIDDLE EAST

8%Total: 64

NOTE: Total number of order commitments and options for which the operators are known

Asia was comfortably the most active region, accounting for half the airline commitments during the show. There were big commitments from Korean and Garuda for Airbus and Boeing aircraft, from Cebu Pacific and Japan Air Commuter for ATR turboprops and from Colorful Guizhou Airlines for Embraer aircraft.

Indonesian carrier Sriwijaya Air emerged as the customer behind a two-unit unattributed 737-900ER order already on the airframer’s books. VietJet Air took six more A321s, while Peach signed for three A320s – the Japanese budget carrier’s first directly purchased aircraft.

Airbus also said an undisclosed Asian carrier has inked a memorandum of understanding for 60 A320neos.

Europe was the second biggest region for order commitments, driven by Wizz Air. There were also commitments for more ATR 72s from Swedish carrier Braathens Aviation and Binter Canarias.

leading oPerator countries

Other

China

Brazil

South Korea

Indonesia

Hungary

26%

Hungary

Indonesia

South Korea

Brazil

China

Other

15%

14%8%

8%

29%TOTAL

754

11 | Flightglobal


commitments and oPtions full listingparis air show 2015

Buyer Buyer category Event type Quantity Aircraft model Market group Engine type

Wizz Air LCC Order LoI 110 A321neo Narrowbody UnannouncedAerCap Lessor Firm Order 100 737 Max 8 Narrowbody LeapWizz Air LCC Option LoI 90 A321neo Narrowbody UnannouncedSynergy Aerospace Mainline Order LoI 62 A320neo Narrowbody UnannouncedGECAS Lessor Firm Order 60 A320neo Narrowbody LeapUndisclosed Mainline Order LoI 60 A320neo Narrowbody UnannouncedPing An Leasing Lessor Order LoI 50 C919 Narrowbody UnannouncedReignwood Group Lessor Order LoI 50 Twin Otter 400 Turboprop PT6AAVIC International Leasing Regional Order LoI 30 737 Max Narrowbody LeapGaruda Indonesia Mainline Order LoI 30 787-9 Widebody UnannouncedGaruda Indonesia Mainline Order LoI 30 737 Max 8 Narrowbody LeapGaruda Indonesia Mainline Order LoI 30 A350 Widebody Trent XWBKorean Air Mainline Firm Order 30 A321neo Narrowbody UnannouncedKorean Air Mainline Order LoI 30 737 Max 8 Narrowbody LeapSaudia Mainline Firm Order 30 A320ceo Narrowbody UnannouncedIAFC Mainline Firm Order 20 A330-300 Widebody UnannouncedKorean Air Mainline Option 20 A321neo Narrowbody UnannouncedKorean Air Mainline Option LoI 20 737 Max 8 Narrowbody LeapMinsheng Financial Leasing Lessor Order LoI 20 737 Max Narrowbody LeapSriwijaya Air LCC Option LoI 20 737-800 Narrowbody CFM56Volga-Dnepr Airlines Cargo Order LoI 20 747-8F Widebody GenxUnited Airlines Mainline Option 18 ERJ-175 Regional jet CF34Undisclosed Firm order 17 737-800 Narrowbody CFM56Cebu Pacific Air LCC Firm Order 16 ATR72-600 Turboprop PW127Aircastle Lessor Firm Order 15 ERJ-190E2 Regional jet PW1100GAircastle Lessor Option 15 ERJ-190E2 Regional jet PW1100GJapan Air Commuter Regional Order LoI 14 ATR42-600 Turboprop PW127Aircastle Lessor Firm Order 10 ERJ-195E2 Regional jet PW1100GAircastle Lessor Option 10 ERJ-195E2 Regional jet PW1100GBraathens Aviation Mainline Option 10 ATR72-600 Turboprop PW127Cebu Pacific Air LCC Option 10 ATR72-600 Turboprop PW127Colorful Guizhou Airlines Mainline Option 10 ERJ-190 Regional jet CF34Minsheng Financial Leasing Lessor Order LoI 10 737-800 Narrowbody CFM56Qatar Airways Mainline Firm Order 10 777-8X Widebody GE9X

paris air show 2015

Buyer Buyer category Event type Quantity Aircraft model Market group Engine type

SMBC Aviation Capital Lessor Firm Order 10 737 Max 8 Narrowbody LeapUnited Airlines Mainline Firm Order 10 ERJ-175 Regional jet CF34Japan Air Commuter Regional Firm Order 8 ATR42-600 Turboprop PW127Skywest Regional Firm Order 8 ERJ-175 Regional jet CF34Colorful Guizhou Airlines Mainline Firm Order 7 ERJ-190 Regional jet CF34Ping An Leasing Lessor Firm Order 7 C919 Narrowbody UnannouncedPing An Leasing Lessor Firm Order 7 ARJ21 Regional jet CF34-10Puren Group Mainline Order LoI 7 C919 Narrowbody UnannouncedPuren Group Mainline Order LoI 7 ARJ21 Regional jet CF34-10Binter Canarias Regional Firm Order 6 ATR72-600 Turboprop PW127Ethiopian Airlines Mainline Firm Order 6 787-8 Widebody Trent 1000VietJet Air LCC Firm Order 6 A321ceo Narrowbody UnannouncedWestJet Encore Regional Firm Order 6 Dash 8 Q400 Turboprop PW150ABraathens Aviation Mainline Firm Order 5 ATR72-600 Turboprop PW127Eva Air Mainline Order LoI 5 777-200LRF Widebody GE90Eva Air Mainline Order LoI 4 A330-300 Widebody UnannouncedQatar Airways Mainline Firm Order 4 777-200LRF Widebody GE90Undisclosed Firm order 4 737-900ER Narrowbody CFM56Air Lease Lessor Firm Order 3 A320ceo Narrowbody UnannouncedAir Madagascar Mainline Firm Order 3 ATR72-600 Turboprop PW127Bahamasair Regional Firm Order 3 ATR42-600 Turboprop PW127Peach LCC Firm Order 3 A320ceo Narrowbody UnannouncedYakutia Airlines Mainline Firm Order 3 Superjet 100LR Regional jet SaM146Bahamasair Regional Firm Order 2 ATR72-600 Turboprop PW127Korean Air Mainline Order LoI 2 777-300ER Widebody GE90Sriwijaya Air LCC Firm Order 2 737-900ER Narrowbody CFM56Undisclosed Mainline Firm Order 2 ATR72-600 Turboprop PW127Air Lease Lessor Firm Order 1 A350-900 Widebody Trent XWBAir Lease Lessor Firm Order 1 A321ceo Narrowbody UnannouncedAir New Zealand Mainline Firm Order 1 ATR72-600 Turboprop PW127Alpha Star Aviation Services Biz/Gov Firm Order 1 A319ACJneo Narrowbody UnannouncedJapan Air Commuter Regional Option 1 ATR42-600 Turboprop PW127Undisclosed Biz/Gov Firm Order 1 737 Max 9 Narrowbody Leap

The information contained in our database and used in this presentation has been assembled from many sources, and whilst reasonable care has been taken to ensure accuracy, the information is supplied on the understanding that no legal liability whatsoever shall attach to Flightglobal, its offices, or employees in respect of any error or omission that may have occurred.

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paris airshow 2015

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