Major Av Business Deals at Farnborough
As Britainís Farnborough Airshow gets underway, aircraft and engine manufacturers as well as suppliers are announcing significant new business. According to Reuters, the highlights include: Airbus launched its new A330neo with U.S. lessor Air Lease Corp as launch customer with a memorandum of understanding for 25 A330-900neo aircraft. Airbus also signed a firm order for 60 A321neo aircraft with Air Lease Corp. Boeing confirmed an order with Monarch Airlines for 30 737 MAX 8 jets that will see the British airline ditch current supplier Airbus. Boeing also received an order from China's Okay Airlines for six 737 MAX 8 planes and four 737-800 aircraft and said lessor, Avolon, committed to buying six 787-9 aircraft and five additional 737 MAX 9 planes. Canada's Bombardier Inc. signed an agreement with Chinese carrier Zhejiang Loong Airlines Co. Ltd. for 20 of its CSeries jets. Bombardier also received an order for two CSeries jets from Abu Dhabi-based Falcon Aviation Services LLC. Alcoa Inc. signed a 10-year supply agreement with Pratt & Whitney, under which it will supply parts for Pratt engines.
In addition, Raytheon will extend work of Britain's Sentinel R1 spy plane by three years to 2018 as part of 1.1 billion pound investment announced by Prime Minister David Cameron that will also see UK Typhoon fighters get next-generation E-Scan radar. Regional aircraft maker ATR received an order from Denmark's Nordic Aviation Capital for up to 75 ATR 42-600 planes. Engine maker GE Aviation landed its largest ever maintenance deal with a 12-year pact with Emirates to maintain, repair and overhaul new GE9X engines destined for the Boeing 777X. Russia's Sukhoi Civil Aircraft Company announced a deal for seven Superjet 100 aircraft with Kazakh airline Bek Air. Engine maker CFM International SA received an order from airline easyJet Plc for 270 engines for its Airbus A320 and A320neo planes. Finally, Brazil's Embraer signed a letter of intent with Azul Brazilian Airlines for 30 of its E195-E2 jets as well as a further 20 purchase rights.