Monday, June 13, 2016

Single Aisle News - June 13, 2016

June 13, 2016

Embraer's CEO made a surprise exit this past week, in a move that was billed by Embraer as "planned," but which came as news to investors.

The new, incoming CEO of Embraer, Paulo Cesar de Souza e Silva lost no time in branding Bombardier's sales strategy as "distorting" the market through the use of steep discounts, which have given their rival an unfair advantage in early sales.  The Embraer E190-E2 and E195-E2 aircraft feature a version of the same Pratt & Whitney Geared Turbofan which powers the Bombardier C-Series - although the E2 family of aircraft are still undergoing flight test.

Canada's national government has signaled that it is willing to "find a solution" that would approve federal bail-out funding to help Bombardier transition the C-Series into production, but that changes in the company's two-tier shares structure would nonetheless need to be made.

SWISS flew its first passenger flight with the Bombardier C-Series this past week, flying a CS100 from Ireland to Switzerland with some 100 passengers, including CEOs invited from a variety of commercial airlines.

Russia rolled-out its first prototype MC-21 single aisle aircraft this past week: an airplane intended to challenge the Boeing 737 and Airbus A320 duopoly, and featuring a version of the Pratt & Whitney Geared Turbofan that also powers the Airbus A320 NEO.

India's GoAir completed its first, regularly scheduled commercial flight with the Airbust A320 NEO this past week.

Pratt & Whitney has delivered its first improved PW1100G Geared Turbofan to Airbus, for installation in the A320 NEO.  The upgraded engines feature software updates that are expected to eliminate "nuisance faults" that had been reported on earlier versions of the engine.  A hardware upgrade to resolve the long start time of early engine versions is expected to be available this summer.

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