Monday, April 11, 2016

Single Aisle News - April 11, 2016

April 11, 2016

Air Canada expects to firm up its order for the Bombardier C-Series within the next few weeks.  Air Canada announced its intention to purchase 45 CS300 aircraft earlier this year.  The order is expected to bring the C-Series to a total of 288 firm orders.

The planned bailout of Bombardier's C-Series program was identified by the 2016 U.S. National Trade Estimate (NTE) Report on Foreign Trade Barriers as being a government subsidy that "the United States will continue to monitor carefully."  Canadian government officials, meanwhile, have contended that the proposed bailout meets established criteria for government assistance under existing international trade agreements.

The first of two $500 million payments from the government of Quebec, aimed at shoring up Bombardier's C-Series program, has been delayed while the two parties continue to work out the final details for the government investment.

Delta Air Lines is reportedly nearing a decision on upgrading its fleet of single aisle aircraft, after receiving proposals from Airbus, Boeing, Bombardier and Embraer.  Delta has a fleet of 116 MD-88s that will need to be replaced during the next decade.

Southwest Airlines expects to retire 118 Boeing 737-300 aircraft and 11 737-500s by the end of 2018, as it makes room for newer 737 models - including the 737 MAX family aircraft.

Analysts have warned that Boeing's stock values will continue to tumble until the airline comes forward with a plan for recapturing the single aisle market in which the Airbus A320 NEO has been dominating sales for the past few years.

India's GoAir plans to take delivery of its first A320 NEO in May.  The airline has 72 A320 NEO airplanes on order, which will be powered by Pratt & Whitney PW1100G engines.

Russia's S7 Airlines has reached a deal for the lease of at least three A321 NEOs and two A320 NEOs beginning in 2017.  The aircraft would be supplied by the U.S.-based Air Lease Corporation (ALC).

Embraer has started the engines for its first E190-E2 prototype on-wing for the first time.  The E190-E2 is powered by Pratt & Whitney PW1900G Geared TurboFan (TM) engines, derived from the PW1500G engine which powers the Bombardier C-Series.

Japan's Mitsubishi Regional Jet (MRJ) is expected to continue facing an uphill climb to certification, and market acceptance in a regional jet market already dominated by Embraer - whose E175-E2 regional jet is expected to use a derivative of the same PW1200G engines that power the MRJ.

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