Tuesday, January 26, 2016

Wide Body Report - January 26, 2016

January 26, 2016

Gulf Air, the national carrier of Bahrain, has announced a restructured order for 16 787-9 Dreamliners, replacing a previous order for 16 787-8 models.  The -9 version features longer range and capacity than the -8.  The announcement came at the Bahrain Air Show, which also saw Bahrain convert an order for 20 wide-body A330-300 airlines into single aisle A320 NEO family aircraft.

Investors are expected to focus on Dreamliner profitability during Boeing's upcoming 4th quarter conference call, scheduled for January 27th.  Boeing had raised its EPS and full-year revenue guidance during its 3Q earnings call, and attention will be on whether that forecast was met.

Boeing has announced plans to reduce its production rate for the 747 airliner to just six a year, as it stretches out deliveries for the last remaining orders.

Iran has struck a deal with Airbus for the delivery of 8 A380 super-jumbo jets, and 16 A350 airlines, as it rebuilds its national airlines following decades of economic sanctions.

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