Paris Air Show 2019 - Day 4

The commercial part of the Paris Air show is complete and ended rather quietly even for Airbus.   they were the only OEM to report new orders only for the A321XLR and the A220.

Until next year at Farnborough 2020.

Airbus

Aer Lingus - 6 x A321XLR - Firm; 6 x A321XLR - Options
ALC - 50 x A220-300 - LoI
ALC - 27 x A321XLR - LoI
ALC - 23 x A321NEO - LoI
American Airlines - 20 x A321XLR - LoI
Atlantic Airways - 2 x A320NEO - LoI
China Airlines - 11 x A321NEO - LoI
Cebu Pacific - 5 x A320NEO - LoI
Cebu Pacific - 10 x A321XLR - LoI
Cebu Pacific - 10 x A321NEO - Options
Cebu Pacific - 16 x A330-900NEO - LoI
Delta Air Lines - 5 X A220-100 - Firm
Flynas - 10 x A321XLR - LoI
Iberia - 8 x A321XLR - Firm; 7 x A321XLR - Options
Indigo Partners - 32 x A321XLR - LoI
Jetblue - 10 x A220 - LoI
NAC - 20 x A220 - LoI
QANTAS - 10 x A321XLR - Firm
Saudia - 15 X A320NEO - Firm; 35 x A320NEO - Options
Saudia - 15 X A321XLR - Firm
Virgin Atlantic - 8 x A330-900NEO - Firm; 6 x A330-900NEO Options

ATR

Air Tahiti - 2 x ATR 42-600 - LoI
EasyFly - 1 x ATR 42-600 - Firm
Elix Aviation - 10 x ATR 42-600 - LoI
NAC - 20 x ATR 42-600 - Firm; 20 x ATR 42-600 - Options; 20 x ATR 42-600 - Option LoI
NAC - 15 x ATR 72-600 - Firm; 15 x ATR 72-600 - Options; 15 x ATR 72-600 - Option LoI
Unidentified - 22 x ATR 72-600 - LoI
Unidentified - 5 x ATR 42-600 - LoI

Boeing

ALC - 5 x 787-9 - LoI
China Airlines - 6 x 777F - LoI
IAG - 200 x 737 MAX - LoI
Korean Air - 10 x 787-9 - LoI
Korean Air - 10 x 787-10 - LoI
Turkmenistan Airlines - 1 x 777-200LR - LoI
Unidentified - 5 x 787-9 - LoI

Bombardier

TAAG Angola Airlines - 6 x Q400 - Firm

De Havilland Canada

Air Antillies - 2 x DHC-6 Twin Otter - Firm


Embraer

Binter Canaris - 2 x E175 E2 - Firm
Fuji Dream Airlines - 2 x E175 - Firm
KLM - 15 x E195 E2 - Firm
KLM - 20 x E195 E2 - LoI
United Airlines - 20 x E 175 - Firm; 19 x E175 - Options

Mitsubishi

Unidentified - 15 x SpaceJet M100 - LoI

Paris Air Show 2019 - Day 3

Airbus dominated orders at the Paris Air Show today by booking more A320NEO orders and also executing swaps with customers into the A312XLR.  Clearly the order momentum is on Airbus' side despute the IAG boost for the 737 MAX Program.  Boeing got a couple more wide body LoIs all for 777NG family.

Airbus

Aer Lingus - 6 x A321XLR - Firm; 6 x A321XLR - Options
ALC - 50 x A220-300 - LoI
ALC - 27 x A321XLR - LoI
ALC - 23 x A321NEO - LoI
American Airlines - 20 x A321XLR - LoI
Atlantic Airways - 2 x A320NEO - LoI
China Airlines - 11 x A321NEO - LoICebu Pacific - 5 x A320NEO - LoI
Cebu Pacific - 10 x A321XLR - LoI
Cebu Pacific - 10 x A321NEO - Options
Cebu Pacific - 16 x A330-900NEO - LoI
Delta Air Lines - 5 X A220-100 - Firm
Iberia - 8 x A321XLR - Firm; 7 x A321XLR - Options
Indigo Partners - 32 x A321XLR - LoI
QANTAS - 10 x A321XLR - Firm
Saudia - 15 X A320NEO - Firm; 35 x A320NEO - Options
Saudia - 15 X A321XLR - Firm
Virgin Atlantic - 8 x A330-900NEO - Firm; 6 x A330-900NEO Options

ATR

Air Tahiti - 2 x ATR 42-600 - LoI
EasyFly - 1 x ATR 42-600 - Firm
Elix Aviation - 10 x ATR 42-600 - LoI
NAC - 20 x ATR 42-600 - Firm; 20 x ATR 42-600 - Options; 20 x ATR 42-600 - Option LoI
NAC - 15 x ATR 72-600 - Firm; 15 x ATR 72-600 - Options; 15 x ATR 72-600 - Option LoI
Unidentified - 22 x ATR 72-600 - LoI
Unidentified - 5 x ATR 42-600 - LoI

Boeing

ALC - 5 x 787-9 - LoI
China Airlines - 6 x 777F - LoIIAG - 200 x 737 MAX - LoI
Korean Air - 10 x 787-9 - LoI
Korean Air - 10 x 787-10 - LoI
Turkmenistan Airlines - 1 x 777-200LR - LoIUnidentified - 5 x 787-9 - LoI

Bombardier

TAAG Angola Airlines - 6 x Q400 - Firm

De Havilland Canada

Air Antillies - 2 x DHC-6 Twin Otter - Firm


Embraer

Binter Canaris - 2 x E175 E2 - Firm
Fuji Dream Airlines - 2 x E175 - Firm
KLM - 15 x E195 E2 - Firm
KLM - 20 x E195 E2 - LoI
United Airlines - 20 x E 175 - Firm; 19 x E175 - Options

Mitsubishi

Unidentified - 15 x SpaceJet M100 - LoI

Paris Air Show 2019 - Day 2

The 2nd day of the Paris Air Show provided Boeing with a shot in the arm as far as the 737 Max is concerned but Airbus still outpaced Boeing in the orders race but also signed on more form customers whereas Boeing announcements were all letters of intent (LoI).  Boeing certainly needed to get a vote of confidence for the 737 Max and they got it from IAG when they signed an LoI for 200 737 MAX 8 and 737 MAX 10s.  The exact number s for each variant will be subject to the final firm order agreement.

The 787-10 also got a major shot in the arm today as Korean Air will be ordering 10 direct from Boeing and also will lease another 10 from Air Lease Corp. and take 10 more 787-9s as well.  Separately, Boeing got an LoI for 5 787-9s each from Air Lease and an unidentified customer.

Airbus was also busy signing up Cebu Pacific for the A30/A321 and the A330-900NEO, getting additional orders or the A321XLR from IAG (Aer Lingus and Iberia) and Saudia who will increase their total A320 orders to 100. 

Airbus

Aer Lingus - 6 x A321XLR - Firm; 6 x A321XLR - Options
ALC - 50 x A220-300 - LoI
ALC - 27 x A321XLR - LoI
ALC - 23 x A321NEO - LoI
Cebu Pacific - 5 x A320NEO - LoI
Cebu Pacific - 10 x A321XLR - LoI
Cebu Pacific - 10 x A321NEO - Options
Cebu Pacific - 16 x A330-900NEO - LoI
Delta Air Lines - 5 X A220-100 - Firm
Iberia - 8 x A321XLR - Firm; 7 x A321XLR - Options
Saudia - 15 X A320NEO - Firm; 35 x A320NEO - Options
Saudia - 15 X A321XLR - Firm
Virgin Atlantic - 8 x A330-900NEO - Firm; 6 x A330-900NEO Options

ATR

NAC - 20 x ATR 42-600 - Firm; 20 x ATR 42-600 - Options; 20 x ATR 42-600 - Option LoI
NAC - 15 x ATR 72-600 - Firm; 15 x ATR 72-600 - Options; 15 x ATR 72-600 - Option LoI

Boeing

ALC - 5 x 787-9 - LoI
IAG - 200 x 737 MAX - LoI
Korean Air - 10 x 787-9 - LoI
Korean Air - 10 x 787-10 - LoI
Unidentified - 5 x 787-9 - LoI

De Havilland Canada

Air Antillies - 2 x DHC-6 Twin Otter - Firm


Embraer

Binter Canaris - 2 x E175 E2 - Firm
Fuji Dream Airlines - 2 x E175 - Firm
United Airlines - 20 x E 175 - Firm; 19 x E175 - Options

Paris Air Show 2019 - Day 1

With Day 1 in the books at Le Bourget, it can be safely said that it was Airbus' day to shine.

The European plane maker, as expected, launched the longer range version of its popular A321NEO now called the A321XLR.  Lessor Air Lease Corporation pulled the trigger on with an LoI on 27 A321XLR among orders for other Airbus products.  By adding an extra fuel tank, modifying the landing gear and increasing the MTOW by 101 tons, Airbus has given the market an airplane that can fly about 4,700 miles and do the kind of missions that only Boeing's 757 can do.

By launching this aircraft, Airbus is hoping to get ahead of Boeing's planned launch of the NMA/797 which is currently on hold due to the 737 Max problems and the 777X engine issues.  Boeing is focusing on getting their major money maker back into the air as well as starting the testing and certification of its newest wide body aircraft.

Here's the summary of today's action:

Airbus

ALC - 50 x A220-300 - LoI
ALC - 27 x A321XLR - LoI
ALC - 23 x A321NEO - LoI
Virgin Atlantic - 8 x A330-900NEO - Firm; 6 x A330-900NEO Options

Boeing Tries to Salvage 787 deal with Emirates at the expense of 777X

On the eve of the Paris Air Show, Dominic Gates of the Seattle Times put out an article where he interviewed Emirates' President Tim Clark.  In the articles Tim Clark did let it be known that Emirates let the LoI for the 40 787-10 lapse and is now using this lapse order as a bargaining chip with Boeing to defer much of the 777X order which numbers 150 aircraft.

According to the articles, Boeing is trying to get the 787 deal back on even if it means deferring a sizable number of 777X to a later date so far out that they will probably never be delivered.  The article also revealed that Emirates may opt for the 787-9 since they ordered the A350-900 and the A330-900NEO when they canceled the A380s.  Boeing is eager to land sales for the 787-10 as the order book for that version of the Dreamliner is still quite weak and as we have seen with Emirates past fleet planning, once they ordered a certain model they tend to be repeat buyers.  It is interesting that Clark insists that he will take delivery of all 150 777X and 40 787s.  However, Emirates financials have been weak and of course there is the recent cancellation of the A380 as proof that Emirates can change it is mind about the future of its fleet.

Lastly, I will be tracking the order action at the Paris Air Show and will be posting a daily tracker of the orders on the blog.  I don't expect that this will be a great show for Boeing given all the bad news with the 737 Max and the recent delays to the start of 777X flight testing and certification.

787 Deliveries lower in May vs. April. Boeing shifts Everett 787 deliveries to Charleston

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	Number
Testing Complete	3
To be assembled in Everett	106
To be assembled in Charleston	106
Parts Arriving	6
Undergoing final assembly	8
Storage	2
Storage/Change Incorporation and Re-Work	0
Change Incorporation and Re-Work	0
Pre-Flight Prep	18
Production Testing	6
Non Customer Flight Tests	0
Ready for Delivery	5
Donation	3
Delivered	839
TOTAL	1102

787 deliveries in May were borderline anemic as Boeing delivered only 10 787s while still rolling out 14 airplanes from their Everett and Charleston factories.  And a sign that the 737 Max woes are far from over, Boeing is now sending Everett built 787s to Charleston were they will be delivered.  This is in an apparent reaction to the continuing 737 Max mess as Boeing needs more parking space to store the 737s coming off the Renton line.

In terms of deliveries, Charleston did clear a good deal of 787 s that were crowding the flight line there but Everett deliveries plunged from 8 in April to only 2 in May.  May deliveries included 7 787-9s and 3 787-10s, including the last 787-10 flight test airplane and the only flight test airplane fitted with GE engines.  Through the end of May 2019, Boeing has delivered 839 787 (361 x 787-8, 451 x 787-9 and 27 x 787-10).

787 production continued at the 14/month pace as we saw 14 787s enter final assembly in May and 14 787s rolled out. However the flightlines are becoming increasingly crowded at both final assembly locations.In April Boeing delivered 12 airplanes and 10 in May for a total of 22 deliveries.  In those same two months Boeing rolled a total of 28 787s thus deliveries are not keeping up with production and that is concerning.  It'll be interesting to see what June's delivery rate will be as I do expect that production will continue at the current pace.

Because of the lack of parking space to store the 737 MAX airplanes that are coming off the assembly line in Renton, Boeing will be ferrying completed 787s from Everett to Charleston where final pre-delivery work and tests will be completed and the aircraft formally handed over to customers at that build site.  Boeing needs more storage space for the 737s and Everett is still has space.  However, with the storage of KC-46A and 737s it is getting quite crowded.  It is now expected that the 737 MAX won't return to the air until late this year and it will take quite a bit of time to clear the backlog that has been stored at Boeing Field, Renton and Everett.  I expect that deliveries of Everett built 787s will be made from Charleston for quite some time to come.

New 787 orders are still a little slow though the 787-10 finally landed a new customer in Air New Zealand last month for 8 x 787-10 plus 12 options on the -9/-10.  Boeing hasn't released it's May orders and delivery report yet so it'll be interesting to see if there are any other 787 orders in May.

Bloomberg did come out with a nice scoop yesterday, revealing that Boeing and China are in talks for a 100 plane widebody aircraft order which includes more 787s and 777X.  However, this potential order may not come through because of the on going trade war between Trump and China.

Lastly, I have updated my 787 production spreadsheets to reflect the firing order up to L/N 1000.  You can check out the spreadsheets by clicking on the link below:

787 Spreadsheets