Tuesday, May 24, 2016

Wide Body Report - May 24, 2016

May 24, 2016

China's Ruili Airlines has placed an order for six Boeing 787-9s.  First launched in 2014, Ruili currently operates a fleet of nine aircraft.

According to the aircraft valuation firm Collateral Verifications, the market value of a new airline is typically around half of its official list price.  The firm places the market value of a Boeing 787-9, for example, at $142.8 million, a discount of 46% from the airplane's list price of $264.6 million.  Airlines are typically provided with discounts by the manufacturers, depending on the size of the order that they are placing.

Boeing has officially opened its new composite wing facility for the 777X in Everett, WA.  The 1.2-million-square-foot facility is expected to produce the largest composite wings in the world.

Air China has received the first out of 15 Boeing 787s on order.  The Air China aircraft will be powered by Rolls-Royce Trent 1000 engines.

General Electric reports that 336 GEnX-1B Performance Improvement Package-2 (PIP2) engines, which power 168 Boeing 787-8 and 787-9 Dreamliners, will have to undergo mandatory repairs to prevent hard rubs between their fan blades and the fan case in the event of ice shedding.  The repairs were mandated by an FAA Airworthiness Directive (AD) which gives the airlines until October 1st to comply, and requires the airlines to grind out the inner fan case liner to increase tip clearances.

Oman Air has signed an agreement for the lease of two Boeing 787-9 aircraft from Air Lease.

Arctic Aviation Assets, a subsidiary of Norwegian Air, has signed a letter of intent with CIT Aerospace for the lease of two Boeing 787-9 Dreamliners.

Crystal AirCruises has designated Fly Comlux to operate its single VIP Boeing 777-200LR aircraft.  Crystal Cruises specializes in luxury travel worldwide.

Malaysia Airlines has exercised its options to lease two additional Airbus A350-900s from Air Lease Corporation.

Cathay Pacific has confirmed that there will be no first class seating in its upcoming A350-1000 aircraft, choosing instead to extend its premium economy seating cabin.  The aircraft will feature a three-class seating arrangement, with business, premium economy, and economy seating.

Airbus has confirmed that an existing contract for the delivery of 22 A350s to Russia's Aeroflot remains officially in place, but that delivery has been deferred by the airline due to financial difficulties.

Footage has surfaced of a British Airways A380 that recently had to abort its first landing attempt just feet away from the runway.  The airplane landed successfully on its second go-around.  Although an aborted landing is not altogether unusual, it does take on broader dimensions when it occurs aboard the world's largest commercial airline.

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