Tuesday, July 26, 2016

Wide Body Report - July 26, 2016

July 26, 2016

Air India expects to take delivery of another two 787s this year, and four more next year, to complete the airline's order for 27 aircraft.

Boeing suppliers Rockwell Collins and GKN have declared Boeing to be delinquent in payments for components delivered for the 787 Dreamliner and 737 MAX aircraft.  The two suppliers are currently in talks with Boeing regarding changes that Boeing has made to how it pays suppliers, that have resulted in over $30 million in late payments made to Rockwell and over $50 million in payments to GKN that are still owed from the last quarter.

Boeing has announced that it will take a $2.78 billion pre-tax charge on the 787, 747-8 and KC-46 programs, writing off development cost overruns on each.  The majority of the charges were recorded against the 787 program, which was four years late to first flight and customer delivery.  The charges include two flight test aircraft which the manufacturer has declared cannot be resold to a customer.

Virgin Atlantic Airways has selected the largest member of the A350 family, the A350-1000 that is still under development, as its future flagship, with eight aircraft on order and leasing agreements for another four.

The first A350-900 intended for Thai Airways has entered flight test, in preparation for delivery in the third quarter.

American Airlines has announced that it will defer the delivery of 22 Airbus A350 aircraft by an average of 26 months per aircraft.

Russia's UAC and China's Comac report that they are in budget negotiations for the financing of a proposed, joint wide-body aircraft.  The joint program would cost an estimated $13 to $20 billion to develop, producing an airplane in the 280 seat size range.

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