Monday, August 8, 2016

Single Aisle News - August 8, 2016

August 8, 2016

Bombardier reported a $490 million second quarter net loss, also reporting that Ilyushin Finance Co. had reduced a previous order for 32 CS300 aircraft to 20 aircraft.  The majority of the quarterly loss, however, was attributed to a one-time, non-cash "onerous contract provision" related to three particular C-Series orders - with an adjusted quarterly loss of $83 million.

Iran is reportedly negotiating terms for the purchase of 20 Mitsubishi Regional Jet aircraft.

India's budget carrier IndiGo may have to delay taking delivery of additional A320 NEO aircraft currently on order, due to engine issues with the aircraft's Pratt & Whitney powerplant.

Embraer has awarded contracts to New York-based CPI Aerostructures for the supply of engine pylon components for the E2 series of regional jets, currently under flight test.

CFM International partner, Safran reports that they expect to deliver around 100 Leap engines this year, before ramping up to around 500 engine deliveries in 2017.  The Leap-1A is one of two engine alternatives offered on the Airbus A320 NEO, while the Leap-1B is the exclusive engine on the Boeing 737 MAX, which is still in flight test.

Japan's Mitsubishi Heavy Industries has announced that it is reorganizing its defense aero-engine business, combining it with its existing commercial jet engine business - which has engaged in a number of collaborative programs with both Rolls-Royce and Pratt & Whitney.

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