Tuesday, June 28, 2016

Wide Body Report - June 28, 2016

June 28, 2016

Boeing has closed on a deal with Iran for the supply of 80 aircraft, including four 747-8 jumbo jets, forty 737 MAX single-aisle jets, six current-generation 737s, fifteen 777-300ERs, and fifteen 777-9X aircraft.  Deliveries would stretch through 2025.

Sri Lanka is negotiating a deal to re-sell three of the Airbus A350-900 aircraft that it currently has on order to Iran.  The previous Sri Lankan government signed a contract in 2013 for the purchase of eight A350-900s, which the current government has concluded exceeds the requirements of its small national airline.

Analysts at Wells Fargo Securities and J.P. Morgan are warning that the demand for new wide-body airlines has continued to soften, casting new challenges on proposed production ramp-ups for the Boeing 787 and Airbus A350.  The dry-up in demand is driven by a number of elements, including a temporary glut in used aircraft, and Middle East airlines which have cut back from earlier spending sprees for new jets.

Airbus expects to begin assembly of the first A330 NEO in October.  The re-engined A330 NEO model is aimed at the lower-size market for the Boeing 787, complementing the larger A350-900 which competes with larger 787 models.

Airbus is preparing a demonstration tour across China to market its A350-900.  The demonstrator aircraft is expected to fly to Beijing, Shanghai, Guangzhou, Haikou and Chengdu.  Two Chinese airlines have ordered a total of thirty A350-900s between them, to date.

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