farnborough · 2014. 7. 25. · year’s farnborough air show, and more than 200 option...

Farnboroughorders 2014

show brieFing

show brieFing: Farnborough - orders 2014

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Biz/Gov

Leisure

LCC

Regional

Mainline

Lessor

LESSOR58%

MAINLINE13%

REGIONAL13%

LCC11%

LEISURE5%

Biz/Gov0.6%

COMMITMENTS

1,006OPTIONS

204

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.

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.



Airbus A320neo 60

Boeing 737 Max 20

ATR 72-600 7

Boeing 777 6

FIRM ORDER 93

Airbus A330neo 25

ORDER LOI 25

118115

108 10075

Airbus A320neo 110

Airbus A320ceo 5

FIRM ORDER 115

Boeing 777X 50

FIRM ORDER 50

Boeing 777X 50

Boeing 777F 4

ORDER LOI 54

Boeing 777F 4

OPTION 4

Embraer E-Jet E2 50

ORDER LOI 50

Embraer E-Jet E2 50

OPTION 50

ATR 42-600 50

OPTION 50

ATR 42-600 25

FIRM ORDER 25

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.



commitments and options by market group

NARROWBODY

561WIDEBODY

275

FIRM ORDER: 395

ORDER LOI: 145

OPTION: 21

FIRM ORDER: 74

ORDER LOI: 193

OPTION: 8

REGIONAL JET

229TURBOPROP

145

FIRM ORDER: 26

ORDER LOI: 106

OPTION: 97

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.



narrowbody

widebody

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%

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%

Airbus(363)

Boeing(127)

Bombardier(71)

NARROWBODY

561

WIDEBODY

275 Boeing(142)

Airbus(133)

65%

23%

13%

48% 52%

Airbus A320neo 317Boeing 737 Max 121Bombardier CSeries 71Airbus A320ceo 46Boeing 737NG 6

Airbus A330neo 121Boeing 777X 100Boeing 787 18Boeing 777 16Boeing 777F 8Airbus A330ceo 8Airbus A350 4



regional jet

turboprop

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%

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%

REGIONAL JET

229

TURBOPROP

145ATR(130)

Bombardier(10)

Viking(5)

Embraer(158)

Mitsubishi(50)

Sukhoi(15)

Comac(6)

69%

22%

3%7%

90%

7% 3%

Embraer E-Jet E2 150Mitsubishi MRJ90 50Sukhoi Superjet 100 15Embraer E-Jet 8Comac ARJ21 6

ATR 42/72 130Bomnardier Dash 8 10Viking Twin Otter 400 5



Embraer E-Jet E2 150(80 order LoIs & 70 options)

Boeing 737 Max 121(26 firm orders, 80 order LoIs & 15 options)

Airbus A330neo 121(all order LoIs)

ATR 42/72 130(52 firm orders & 78 options)

Airbus A320neo 317(all firm orders)

commitments and options by aircraFt type

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 A330-900neos, is the largest customer for the type.

Three lessors – Air Lease, Avolon and CIT Aerospace – ordered 55 of the type between them.



ORDER LOI: 5

ORDER LOI: 6

FIRM ORDER: 15

commitments and options by aircraFt oem

496

269

13081

50

158

FIRM ORDER: 358

ORDER LOI: 138

FIRM ORDER: 106

ORDER LOI: 140

OPTION: 23

FIRM ORDER: 52

OPTION: 78

5

6

15

FIRM ORDER: 5

ORDER LOI: 80

OPTION: 73

FIRM ORDER: 10

ORDER LOI: 65

OPTION: 6

FIRM ORDER: 6

ORDER LOI: 20

OPTION: 24



32%

24%

11%

11%

10%

10%1%

commitments and options by engine oem

commitments and options by country*

USA141

UK65

QATAR108

CHINA80

BRAZIL80

MALAYSIA

50

* Figures related to the country where the operator is based

Undisclosed

NOTE: based on all 1,210 aircraft ordered during the show

ORDERS & OPTIONS

1,210

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.

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.



commitments and options Full listingFarnborough 2014

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

SMBC Aviation Capital Lessor Firm Order 110 A320neo Narrowbody UndisclosedAir Lease Corporation Lessor Firm Order 60 A321neo Narrowbody UndisclosedAercap Lessor Firm Order 50 A320neo Narrowbody UndisclosedAirAsia X LCC Order LoI 50 A330-900neo Widebody Trent 7000Hainan Airlines Mainline Order LoI 50 737 Max 8 Narrowbody LeapNordic Aviation Capital Lessor Option 50 ATR 42-600 Turboprop PW127Qatar Airways Mainline Firm Order 50 777-9X Widebody GE9XQatar Airways Mainline Order LoI 50 777-9X Widebody GE9XTrans States Holdings Regional Order LoI 50 E-175 E2 Regional jet PW1700GTrans States Holdings Regional Option 50 E-175 E2 Regional jet PW1700GHong Kong Aviation Capital Lessor Firm Order 40 A320neo Narrowbody UndisclosedAzul LCC Order LoI 30 E-195 E2 Regional jet PW1700GHong Kong Aviation Capital Lessor Firm Order 30 A321neo Narrowbody UndisclosedMonarch Leisure Order LoI 30 737 Max 8 Narrowbody LeapAir Lease Corporation Lessor Order LoI 25 A330-900neo Widebody Trent 7000Nordic Aviation Capital Lessor Firm Order 25 ATR 42-600 Turboprop PW127Falko Lessor Order LoI 24 CSeries Narrowbody PW1500GBOC Aviation Lessor Firm Order 22 A320ceo Narrowbody UndisclosedAir Lease Corporation Lessor Firm Order 20 737 Max 8 Narrowbody LeapAzul LCC Option 20 E-195 E2 Regional jet PW1700GEastern Air Lines Mainline Order LoI 20 MRJ90 Regional jet PW1200GEastern Air Lines Mainline Option 20 MRJ90 Regional jet PW1200GIAG Mainline Firm Order 20 A320neo Narrowbody UndisclosedSynergy Group Mainline Option 20 ATR 72-600 Turboprop PW127Zheijang Loong Airlines Mainline Order LoI 20 CS100 Narrowbody PW1500GAvolon Lessor Order LoI 15 A330-900neo Widebody Trent 7000CIT Group Lessor Order LoI 15 A330-900neo Widebody Trent 7000Monarch Leisure Option 15 737 Max 8 Narrowbody LeapBOC Aviation Lessor Firm Order 14 A321ceo Narrowbody UndisclosedTransaero Mainline Order LoI 12 A330-900neo Widebody Trent 7000CIT Group Lessor Firm Order 10 787-9 Widebody UndisclosedSynergy Group Mainline Firm Order 10 ATR 72-600 Turboprop PW127Ilyushin Finance Company Lessor Firm Order 8 Superjet 100 Regional jet SaM146Transaero Mainline Order LoI 8 A330ceo Widebody UndisclosedAir Lease Corporation Lessor Firm Order 7 ATR 72-600 Turboprop PW127Bek Air Regional Firm Order 7 Superjet 100 Regional jet SaM146Undisclosed Order LoI 7 CS300 Narrowbody PW1500GAir Lease Corporation Lessor Firm Order 6 777-300ER Widebody GE90Air Mandalay Regional Firm Order 6 MRJ90 Regional jet PW1200GAvolon Lessor Order LoI 6 787-9 WidebodyIntrepid Aviation Lessor Firm Order 6 777-300ER Widebody GE90Myanma Airways Mainline Firm Order 6 ATR 72-600 Turboprop PW127Myanma Airways Mainline Option 6 ATR 72-600 Turboprop PW127Okay Airways Mainline Firm Order 6 737 Max 8 Narrowbody LeapUndisclosed Option 6 CS300 Narrowbody PW1500GCIT Group Lessor Order LoI 5 A321ceo Narrowbody UndisclosedFalcon Aviation Services Lessor Order LoI 5 Dash 8 Q400 Turboprop UndisclosedMontrose Global Lessor Order LoI 5 Twin Otter 400 Turboprop PT6ASMBC Aviation Capital Lessor Firm Order 5 A320ceo Narrowbody UndisclosedUndisclosed African Customer Order LoI 5 CSeries Narrowbody PW1500G



Farnborough 2014

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

Air Mandalay Regional Option 4 MRJ90 Regional jet PW1200GAir Mauritius Mainline Order LoI 4 A350-900 Widebody Trent XWBBOC Aviation Lessor Firm Order 4 A320neo Narrowbody UndisclosedIntrepid Aviation Lessor Option 4 777-300ER Widebody GE90Okay Airways Mainline Firm Order 4 737-800 Narrowbody CFM56Qatar Airways Mainline Order LoI 4 777F Widebody GE90Qatar Airways Mainline Option 4 777F Widebody GE90Undisclosed Asian airline Mainline Order LoI 4 A330-800neo Widebody Trent 7000airBaltic Regional Firm Order 3 CS300 Narrowbody PW1500GBOC Aviation Lessor Firm Order 3 A321neo Narrowbody UndisclosedFuji Dream Airlines LCC Firm Order 3 E-175 Regional jet CF34Fuji Dream Airlines LCC Option 3 E-175 Regional jet CF34Republic of Congo Biz/Gov Order LoI 3 ARJ21-700 Regional jet CF34Abu Dhabi Aviation Regional Firm Order 2 Dash 8 Q400 Turboprop UndisclosedAir Algerie Mainline Firm Order 2 737-700C Narrowbody CFM56Air Tahiti Regional Firm Order 2 ATR 72-600 Turboprop PW127Azerbaijan Airlines Mainline Firm Order 2 E-190 Regional jet CF34Falcon Aviation Services Leisure Firm Order 2 CS300 Narrowbody PW1500GMG Aviation Limited Lessor Firm Order 2 787-9 Widebody UndisclosedNanshang Biz/Gov Order LoI 2 ARJ21-700 Regional jet CF34Nok Air LCC Firm Order 2 Dash 8 Q400 Turboprop UndisclosedPetra Airlines Mainline Order LoI 2 CS100 Narrowbody PW1500GPetra Airlines Mainline Order LoI 2 CS300 Narrowbody PW1500GAir New Zealand Mainline Firm Order 1 ATR 72-600 Turboprop PW127Air Tahiti Regional Option 1 ATR 72-600 Turboprop PW127Alaska/Horizon Air Regional Firm Order 1 Dash 8 Q400 Turboprop UndisclosedVilla Air Regional Firm Order 1 ATR 72-600 Turboprop PW127Villa Air Regional Option 1 ATR 72-600 Turboprop PW127Yanshang 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.

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farnborough · 2014. 7. 25. · year’s farnborough air show, and more than 200 option...

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