Air Lease Corporation signs for 25 A330neo and 60 A321neo
July 15, 2014
Leading lessor announces first commitment for A330neo
Air Lease Corporation (ALC), the Los Angeles based aircraft leasing company, has announced a Memorandum of Understanding (MoU) for 25 A330-900neo aircraft, becoming the first launch customer for the new Airbus Widebody. ALC simultaneously announced a firm order for 60 A321neo aircraft. The contact was signed today at the Farnborough International Airshow by Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer and Fabrice Brégier, Airbus President and CEO.
“The recently launched A330neo is a well-suited addition to ALC’s fleet as we continue to provide our customers with the most modern, fuel efficient aircraft on the market,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer. “The A330neo, like the A320neo Family, will have success in the medium range segment due to its combination of high reliability, exceptional comfort and low operating costs. We see a significant market opportunity for the A330neo and we’re pleased that the first order bears ALC’s name. The A321neo credentials, such as its lower fuel-burn, high reliability and wider, more comfortable cabin, also fit well in our product portfolio of innovative, profitable aircraft.”
“When a leading lessor, ALC, is the first to sign up for a new aircraft, it’s a loud and clear signal that you’ve got it right. This significant order is a strong endorsement of both our A330neo and A320neo, confirming they fully meet the needs of the world’s most demanding airlines,” said Fabrice Brégier, Airbus President and CEO. “The continuing success of the A320neo, paves the way for the A330neo and proves that our incremental innovation strategy to deliver reliable, innovative and efficient products at the right time, is what the market wants.”
Including today’s order, ALC’s total orders and commitments for Airbus aircraft reaches 225, of which 200 are firm orders (50 A320ceo Family, 110 A320neo Family, 15 A330 Family, 25 A350 XWB Family) plus the MoU for 25 A330neo’s. ALC will announce engine selections for the 60 A321neo aircraft at a later date.
The A330-800neo and the A330-900neo are two new members of the Airbus Widebody Family launched in July 2014 with first deliveries scheduled to start in Q4 2017. The A330neo incorporates latest generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features. Benefitting from the unbeatable economics, versatility and high reliability of the A330, the A330neo reduces fuel consumption by 14% per seat, making it the most cost efficient, medium range Widebody aircraft on the market. In addition to greater fuel savings, A330neo operators will also benefit from a range increase of around 400 nautical miles and of course all the operational commonality advantages of the Airbus Family.
The A320 Family is the world’s best-selling single aisle product line with more than 10,500 orders to date and over 6,100 aircraft delivered. Thanks to its wide cabin, all members of the A320 Family offer the industry’s best level of comfort in all classes and Airbus’ 18” wide seats in economy as standard. The newest member of the A320 Family, the A320neo, incorporates new generation engines and Sharklets (wing tip devices) which together deliver 15 percent in fuel savings. At the end of June 2014, firm orders for the NEO reached over 2,800 aircraft from 55 customers, representing a 60 per cent market share in its category.
Nordic Aviation Capital adds 75 ATR 42-600s to its portfolio
July 15, 2014
Denmark’s lessor continues to expand its regional aircraft fleet with 50-seat ATRs, surpassing the landmark figure of 200 ATRs
Nordic Aviation Capital (NAC), the largest regional aircraft trading and leasing company with the world’s biggest ATR fleet, has signed a total order for 75 ATR 42-600 aircraft, in a deal valued at over US$1.55 billion. Deliveries will commence in 2015 through to 2020. By confirming this order for new ATR 42-600s – which includes 25 firm orders and 50 options for the type – NAC is once again demonstrating its full confidence in ATR – and this time, the smaller 50-seater ATR 42-600 series, in response to operator demand and recognizing that the replacement market for sub 50-seat turboprops is very under-served. The order builds on NAC’s long relationship with ATR and its ongoing success with regional airline operators worldwide.
With this new order, totaling 75 aircraft, signed today at a special ceremony at the 2014 Farnborough Airshow, NAC solidifies its position as ATR’s largest customer.
This landmark ATR order comes just one year after NAC signed an order for up to 90 ATR aircraft, a contract worth a total US$2.1 billion at the Paris Air Show. This was followed by an add on order worth a total of US$ 820 million of up to 35 ATR 600 series aircraft, announced during the ERA General Assembly in October 2013. Taking all NAC’s commitments (firm and options) into account the figure now rises to well over 200 new aircraft, as this major European lessor continues to expand its fleet to meet the need for short-haul turboprops, servicing the world’s growing regional aircraft fleet.
Martin Møller, Chairman of NAC, commented on the deal: “The ATR-600 series aircraft is firmly established as a long-term cornerstone of NAC’s portfolio of modern, fuel efficient regional aircraft. Now we are seeing a renaissance for the ATR 42 too with the state of the art -600 Series as operators seek a replacement for their ageing sub 50-seat fleets. We are duly pleased to be the first leasing company to sign a significant order for the ATR 42-600. The ATRs allow us to offer our customers a significant reduction in fuel consumption and one of the most comfortable cabins in its class, through our tailored leasing solutions”.
Patrick de Castelbajac, ATR’s Chief Executive Officer, declared: “We are delighted to see NAC placing another very important order for the world’s best-selling regional aircraft. Today at the Farnborough Airshow, where ATR and NAC finalized a contract covering 75 new ATR-600s, we have confirmed once again the growing trend for our customers to have a balance between purchasing and leasing their ATR aircraft and that the ATR represents a solid investment for the leasing companies. The ATR-600 series aircraft is unrivalled in terms of its economic performance and product offering, and the aircraft’s family of 50 and 70 seat capacity is the best solution to respond to the regional market requirements around the world.”
ATR: 144 firm orders, new sales record for the first half of the year
July 15, 2014
The aircraft manufacturer has also taken options for 112 additional aircraft
At the Farnborough Airshow, the turboprop aircraft manufacturer ATR this morning announced that it has taken firm orders for 144 aircraft (119 ATR 72-600 and 25 ATR 42-600), with options for 112 additional aircraft, since the beginning of the year. This year’s contracts, of which many will be revealed during the week of the show, represent a total value of over US$3.45 billion (US$6 billion including options). These sales represent 150% compared to the total sales for the year 2013. They will allow ATR to further strengthen its leading position on the market for regional aviation, and thus confirm the predominance of turboprop aircraft, and particularly those of ATR, over short distances.
Sales for the first half of the year highlight the appeal of the ATR ‘-600’s for regional companies and the leasing company community, attracted by the economic and environmental performance of the aircraft, their technical reliability and their high standard of comfort. This year, the ATR ‘-600’s have also passed the symbolic mark of 500 firm orders since their launch at the end of 2007.
ATR’s backlog currently stands at 325 aircraft to be delivered in the coming years, a new record, representing a value of US$8 billion. On the back of this sales performance in the first half the year, ATR has increased its end of 2013 backlog by around 45%, seeing production ensured for almost 4 years.
Patrick de Castelbajac, Chief Executive Officer of ATR, was “very satisfied with ATR’s performance over the first six months of 2014, which confirms the strong demand from regional operators for ATR aircraft. Among the contracts signed this year, we have new customers, but also several orders from existing customers satisfied with the operational performances of our aircraft.” He added: “Over the last two years we have increased our production capacity by almost 40%, an unequaled growth in the industry. This, in order to meet the increasing market demand for our aircraft. We must continue to increase our production rates and to develop our range of products in order to reinforce our leadership.”
ATR, which currently has over 180 operators, 50% more than ten years ago, plans to expand its production to reach a new record, with more than 80 aircraft delivered by the end of the year. Based on the principle of continuous improvement, the aircraft manufacturer is continuing with the development of new navigation tools with the aim of anticipating the future needs of its operators. In addition, ATR will continue to expand its range of support services for its clients with the opening of a new pilot training center in Bangkok before the end of the year.
Air Lease Corporation orders 7 additional ATR 72-600s
July 15, 2014
Farnborough, 15th July 2014
The U.S. leasing company has placed orders for new ATR 72-600s every year since 2010, for a total of 28 aircraft
On the occasion of the Farnborough Airshow, the European turboprop manufacturer ATR and the leasing company Air Lease Corporation (NYSE: AL) today signed an agreement for the purchase of seven additional ATR 72-600s. Air Lease Corporation (ALC) has purchased ATRs every year since its first contract at Farnborough in 2010. With today’s agreement, ALC now
has 28 ATR 72-600s in its portfolio.
ATRs are currently operated by over 180 carriers worldwide thanks to their high reliability,
comfort, and low operating costs for airlines. Steven Udvar-Házy, Chairman and Chief Executive Officer of Air Lease Corporation, stated, “We are experiencing success placing our ATR 72-600s with operators expanding regional air connectivity and short segment routes all over the world. With its compelling operating costs and modern cabin interior designs, we believe demand for this aircraft will continue to increase.”
Patrick de Castelbajac, Chief Executive Office of ATR, said: “Today’s deal further underlines the appeal of the newest ATR ‘-600s’ for the leasing firm community.” He added: “We are honored that such a successful company as Air Lease and the main trend-setter of the aviation industry, Mr. Udvar-Házy, are renewing their confidence in ATR as the most efficient aircraft in regional aviation”.
About the ATR 72-600:
Passenger capacity: 68 to 74 seats
Engines: Pratt & Whitney 127M
Maximum take-off power: 2,750 horsepower per engine
Maximum take-off weight: 23,000 kg
Maximum load: 7,500 kg
Maximum flight range when fully loaded: 900 nautical miles (1,665 km)
LAN Announces Five New Routes for Boeing 787 Fleet
July 14, 2014
In the second half of 2014:
LAN Announces Five New Routes for Boeing 787 Fleet
· During the second half of this year, the Company will begin to operate flights from Santiago, Chile to Miami, Punta Cana, Cancun, Guarulhos (Sao Paulo) and Mexico City onboard the LAN Boeing 787 fleet.
· LAN currently has six Boeing 787 aircraft in service on routes to Madrid, Frankfurt, New York and Buenos Aires and will receive four more aircraft in 2014.
Santiago, July 11, 2014 – LAN Airlines and its affiliates, part of LATAM Airlines Group, announce that beginning in August, five of the Company’s existing routes will gradually begin to be operated by a new fleet of Boeing 787 aircraft. The change in product will modernize service from Santiago, Chile to Miami, Punta Cana (Dominican Republic), Cancun, Mexico City and Sao Paulo, Guarulhos (Brazil).
In addition to announcing that the Boeing 787 will service five more destinations in the LAN network, the Company also plans to reinstate the aircraft on flights to and from Los Angeles. These destinations will join existing daily LAN Boeing 787 routes from Santiago, Chile to Madrid, Frankfurt, New York and Buenos Aires.
“At LAN we are proud to offer more passengers cutting edge technology to enjoy a better flight experience onboard next generation aircraft. In 2012 we were the first airline in the Americas to receive and operate the 787, one of the most modern aircraft in the world”, said Ignacio Cueto, CEO of LAN Airlines. “By operating the most modern aircraft in our fleet to more destinations we are renewing our dedication as an airline to constantly improve the in-flight experience of our passengers”, said Cueto.
LAN Airlines and its affiliates current and future routes operated by the Boeing 787 fleet are as follows:
Route LAN Origin /
Miami – Santiago August 9, 2014 Daily
Santiago – Cancun August 9, 2014 Saturdays
Santiago – Punta Cana August 9, 2014 Sundays
Santiago- Mexico City November 15, 2014 Alternating days per week Week 1 Monday – Wednesday – Friday – Sunday | Week 2 Tuesday – Thursday – Saturday
Santiago – Sao Paulo (Guarulhos) October 1, 2014 Tuesday, Saturday, Sunday (daily beginning in November 2014)
Santiago – Los Angeles (LAX) October 1, 2014 Daily
Existing Boeing 787 Routes
Santiago – Madrid – Frankfurt 2013 Daily
New York (JFK) – Santiago 2013 Daily
Santiago – Buenos Aires 2012 Daily
Among the main key differentiators that distinguished the 787 from other aircraft are the cabins electronic auto-dimming windows and dynamic lighting which allow for a customized in-flight environment depending on the time of day. In addition, the windows of this aircraft have up to 40% more surface area than current windows, which allow all passengers (in all rows) more visibility during the flight, giving them a better view.
The cabin configuration onboard the LAN fleet of 787 aircraft is 217 seats in Economy and 30 seats in Premium Business for a total of 247 seats.
The 787 has overhead bins with 30% more storage space for carryon luggage and the aerodynamics of the Boeing 787 incorporate technology that reduces the impact felt by the passenger due to turbulence. In addition, the pressurization of the cabin to a lower altitude (6,000 feet instead of 8,000) would result in the reduction of headaches or other symptoms a passenger might experience when flying.
LAN will receive 32 total Dreamliners over the next few years resulting from a $4.9 billion order in 2012. The incorporation of this aircraft into the fleet is part of the Company’s commitment to maintaining one of the youngest fleets in the world, allowing for reduced environmental impact as well as lower operating costs.
LATAM Airlines Group reports preliminary monthly statistics for June 2014
July 10, 2014
Santiago, Chile, July 8, 2014.– LATAM Airlines Group S.A. and its subsidiaries, (“LATAM Airlines Group” or “the Company”) (NYSE: LFL / IPSA: LAN / Bovespa: LATM33), the leading airline group in Latin America, today reported its preliminary monthly traffic statistics for June 2014 compared to June 2013.
System passenger traffic increased by 1.1% while capacity decreased by 1.1%. As a result, the Company’s load factor for the month increased 1.8 points to 81.9%. International passenger traffic accounted for approximately 54% of the month’s total passenger traffic.
Domestic passenger traffic in LATAM Airlines Group´s Spanish speaking operations (Chile, Argentina, Peru, Ecuador and Colombia) rose 1.1%, while capacity decreased by 1.0%. As a consequence, the domestic passenger load factor increased 1.6 points to 76.1%.
Domestic passenger traffic in Brazil decreased by 5.2%, while capacity decreased by 5.1%. As a consequence, the domestic Brazil passenger load factor decreased 0.1 points to 80.8%.
International passenger traffic increased by 5.1%, while capacity increased by 1.5%. Accordingly, the international passenger load factor for the month increased 2.9 points to 84.2%. International traffic includes international operations of both LAN and TAM on regional and long haul routes.
Cargo traffic for LATAM decreased 5.1% as capacity decreased 6.4%. As a consequence, the cargo load factor increased 0.8 points to 57.2%. The decrease in cargo capacity is a result of a decreased availability in the bellies of passenger aircraft in addition to a reduced freighter operation. Cargo traffic decrease was driven by weaker imports into Latin America.
Boeing Forecasts Demand for 36,770 New Airplanes Valued at $5.2 Trillion
July 10, 2014
20-year Current Market Outlook reflects 4.2 percent increase in demand
Single-aisle airplane segment is fastest growing, most dynamic
LONDON, July 10, 2014 /PRNewswire/ — Boeing [NYSE: BA] projects a demand for 36,770 new airplanes over the next 20 years, an increase of 4.2 percent from last year’s forecast. The company released its annual Current Market Outlook (CMO) today in London, estimating the total value of those new airplanes at $5.2 trillion.
“This market is strong and resilient,” said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. “With new and more efficient airplanes entering service, the growth in air travel is being driven by customers who want to fly where they want, when they want.”
Fueling this year’s forecast is the single-aisle market, which is projected to be the fastest growing and most dynamic segment due to the continued emergence of low-cost carriers. 25,680 new airplanes will be needed in this segment, making up 70 percent of the total units in the forecast.
“Based on the overwhelming amount of orders and deliveries, we see the heart of the single-aisle market in the 160-seat range,” said Tinseth. “There’s no question the market is converging to this size, where network flexibility and cost efficiency meet. The Next-Generation 737-800 and new 737 MAX 8 offer our customers the most revenue potential in this mid-sized space.”
Boeing forecasts that 8,600 new airplanes will be needed in the twin-aisle segment, led by small widebody airplanes in the 200 to 300 seat range such as the 787-8 and 787-9 Dreamliner. This year’s forecast reflects a continued shift in demand from very large airplanes to efficient new twin-engine products such as the 787-10 and new 777X.
“With the most comprehensive widebody lineup in the industry, we’re confident that we will meet our customers’ needs now and in the future,” Tinseth added.
Boeing, Emirates Finalize Order for 150 777Xs
July 9, 2014
World’s largest 777 operator builds on airplane’s success
Record-breaking order includes combination of 777-8X, 777-9X
DUBAI, United Arab Emirates, July 9, 2014 /PRNewswire/ — Boeing (NYSE: BA) and Emirates Airline have finalized an order for 150 777Xs, valued at $56 billion at list prices. First announced as a commitment at the 2013 Dubai Airshow, the order by the world’s largest 777 operator was part of the largest product launch in commercial jetliner history.
The order – a combination of 115 777-9Xs and 35 777-8Xs – also includes purchase rights for an additional 50 airplanes that, if exercised, could increase value to approximately $75 billion at list prices.
“With the order for 150 777Xs, Emirates now has 208 Boeing 777s pending delivery, creating and securing jobs across the supply chain,” said Emirates president Sir Tim Clark. “Today Emirates operates more than one in every 10 Boeing 777s aircraft built. We fly 138 of these efficient planes across the globe spanning the USA and Latin America in the west, to New Zealand and Japan in the East. The 777X will offer us operational flexibility in terms of range, more passenger capacity and fuel efficiency, and we look forward to inducting them into our fleet from 2020.”
“We are extremely proud to have Emirates, the world’s largest 777 operator, continue its long-standing partnership with Boeing by becoming the largest launch customer for the 777X,” said Boeing Commercial Airplanes president and CEO Ray Conner. “Being a customer-driven product, I’m confident the 777X – with its new engines and all-new composite wing design – will bring superior value in terms of performance, efficiency and reliability to Emirates and our other launch customers.”
The 777X will introduce the latest technologies including the most advanced commercial engine ever – the GE9X by GE Aviation – and an all-new high efficiency composite wing that has a longer span than today’s 777. The 777X family includes the 777-8X and the 777-9X, both designed to respond to market needs and customer preferences.
The 777-9X will be 12 percent more fuel efficient than any competing airplane, necessary in today’s competitive environment. The 777-8X is 5 percent more efficient than its competitor at all ranges while providing for new network opportunities.
Design of the 777X is underway and production is set to begin in 2017, with first delivery targeted for 2020. To date, the 777X has accumulated 300 orders and commitments from six customers worldwide.
ALTA Member Airlines Passenger Traffic Increases 5.5% in May
July 7, 2014
Miami, July 3, 2014- The Latin American and Caribbean Air Transport Association (ALTA) announced that its member airlines carried 13.5 million passengers in May, up 5.5% from the previous year.
Traffic (RPK) grew 6.6% and capacity (ASK) increased 2.5%, bringing up the load factor to 78.8%, 3.1 percentage points higher than in May 2013.
The number of passengers carried year-to-date increased 6.5% versus the same period of the previous year, reaching 68.2 million passengers. During the aforementioned period, traffic (RPK) rose 6.3%, capacity (ASK) increased 2.1%, and the passenger load factor reached 79.1%, 3.1 percentage points higher than the previous year.
Freight ton kilometers increased 3.9% in May but declined 0.3% year-to-date.
LATAM Airlines Group reports preliminary monthly statistics for May 2014
June 11, 2014
Santiago, Chile, June 10, 2014– LATAM Airlines Group S.A. and its subsidiaries, (“LATAM Airlines Group” or “the Company”) (NYSE: LFL / IPSA: LAN / Bovespa: LATM33), the leading airline group in Latin America, today reported its preliminary monthly traffic statistics for May 2014 compared to May 2013.
System passenger traffic increased by 2.8% while capacity decreased by 1.1%. As a result, the Company’s load factor for the month increased 3.1 points to 82.9%. International passenger traffic accounted for approximately 53% of the month’s total passenger traffic.
Domestic passenger traffic in LATAM Airlines Group´s Spanish speaking operations (Chile, Argentina, Peru, Ecuador and Colombia) rose 5.5%, while capacity increased by 2.8%. As a consequence, the domestic passenger load factor increased 2.0 points to 77.3%.
Domestic passenger traffic in Brazil increased by 0.6%, while capacity decreased by 1.2%. As a consequence, the domestic Brazil passenger load factor increased 1.4 points to 80.2%.
International passenger traffic increased by 3.4%, while capacity decreased by 2.1%. Accordingly, the international passenger load factor for the month increased 4.6 points to 86.4%. International traffic includes international operations of both LAN and TAM on regional and long haul routes.
Cargo traffic for LATAM decreased 0.7% as capacity decreased 4.4%. As a consequence, the cargo load factor increased 2.3 points to 60.5%. The decrease in cargo capacity is a result of a decreased availability in the bellies of passenger aircraft in addition to a reduced freighter operation. Cargo traffic decrease was driven by weaker imports into Latin America and a decrease in exports in certain products from the region.
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