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.
http://www.theglobeandmail.com/report-on-business/bombardier-reports-bigger-than-expected-loss/article31286775/
http://toronto.ctvnews.ca/bombardier-reports-us-490-million-net-loss-cseries-order-reduced-1.3016488
Iran is reportedly negotiating terms for the purchase of 20 Mitsubishi Regional Jet aircraft.
http://www.reuters.com/article/us-iran-aircraft-mitsubishi-idUSKCN10I0TA?il=0
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.
http://in.reuters.com/article/interglobe-results-idINKCN10C28Z
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.
http://www.aerospace-technology.com/news/newsembraer-awards-supply-contract-to-cpi-aerostructures-for-e-jets-e2-jets-4972598
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.
https://www.flightglobal.com/news/articles/safran-monitoring-leap-ramp-up-428118/
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.
http://www.janes.com/article/62792/mitsubishi-restructures-aero-engine-businesses
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