Monday, September 26, 2016

Single Aisle News - September 26, 2016

September 26, 2016

S&P has downgraded Bombardier's debt rating, due to delivery delays that will see no more than seven C-Series airplanes delivered to customers before the end of this year, rather than the fifteen previously forecast.  Bombardier reports that they expect engine deliveries to catch up with demand next year.

Engine manufacturer Pratt & Whitney expects to be behind in its previous delivery forecast by up to 100 engines over the next two years, as it struggles to grow its supply chain to keep up with demand for its Geared TurboFan (GTF) engines.  The CEO for United Technologies Corp. (UTC), Greg Hayes - the parent company for Pratt & Whitney - pointed to the GTF fan blades in particular as being a leading source for delays in production ramp-up.

IndiGo, the largest customer for the Airbus A320 NEO, has switched 20 of the aircraft in its backlog to the larger A321 NEO model.  IndiGo had a total of 430 A320 NEOs on order, powered by Pratt & Whitney PW1100G Geared TurboFan engines.

The World Trade Organization ruled against the European Union this past week, concluding that the EU had failed to rein in government subsidies to Airbus, giving the European airplane manufacturer an unfair advantage.

Southwest Airlines, the launch customer for Boeing's 737 MAX, has revealed that it expects to take delivery of the first airplane in late August or early September of next year - roughly a month ahead of schedule.

Russia's Irkut has submitted paperwork to begin the certification process for its MC-21 airliner ahead of the first prototype flight.  The move comes as the Russian aviation authority has also approved the certification for the first two Geared TurboFan (GTF) engines to be delivered, a derivative of the same engines featured on the A320 NEO.

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