Subscribe free to our newsletters via your
. Military Space News .




AEROSPACE
Billions in contracts reported at air show
by Staff Writers
Paris (UPI) Jun 19, 2013


Visitors walk under the rain at Le Bourget airport, near Paris, on June 19, 2013 during the 50th International Paris Air show. Image courtesy AFP.

Aerospace industry contracts for commercial aircraft, related systems and services worth billions of dollars are being reported from the Paris Air Show.

The sales and leasing agreements underline a recent study by PriceWaterhouseCoopers, which showed the commercial aviation market is surging and offsetting a soft defense sector.

On just the first day of the air show and exhibition, Airbus of France said U.S.-headquartered Doric Lease Corp. signed a Memorandum of Understanding for the purchase of 20 A380 wide-body passenger jets.

Doric has an aircraft fleet worth $6 billion, including 18 A380s acquired through sale-leaseback arrangements.

Airbus said Germany's Lufthansa Group also firmed up a previous Supervisory Board decision and signed for 100 A320 family of aircraft at the show.

Lufthansa Group has been operating the A320 family of aircraft since 1989 and the new order confirms Lufthansa's leading position as the largest Airbus airline customer and operator in Europe, increasing its order for the A320 type of aircraft to 299.

More than 150 of these aircraft have already been delivered, Airbus said.

A third deal announced by Airbus on the first day of the show was for the purchase of 50 A320neo aircraft by International Lease Finance Corp., a subsidiary of American International Group Inc.

ILFC was the first lessor to commit to A320neo aircraft with a 2001 order for 100 planes.

ILFC also signed a letter of intent, subject to final agreement, with Embraer of Brazil for the purchase of 50 E-Jets E2 aircraft. The deal includes options to procure 50 additional aircraft.

"The addition of the E-Jets E2 to our fleet is an exciting prospect, and we look forward to developing our relationship with Embraer," said ILFC Chief Executive Officer Henri Courpron. "These new aircraft would bring value and operational efficiencies to our customers and further position ILFC as the most responsive and resourceful aircraft lessor today."

Deliveries of the new aircraft will begin in 2018 and will be completed in 2023.

Embraer's order book from the show also features SkyWest Inc. of the United States, which signed a firm order for 100 E175-E2 aircraft, with an option for 100 more.

If all the orders are exercised, the contract has an list-price value of $9.36 billion.

In other deals, Boeing announced GE Capital Aviation Services intends to order 10 787-10X Dreamliners equipped with state-of-the-art GEnx engines.

Boeing also said Qatar Airways has ordered nine 777-300ERs.

PriceWaterhouseCoopers recently reported the commercial aerospace companies continue to be optimistic about the future -- air traffic is robust and steady, driving the aftermarket business, while the industry increased large commercial aircraft output by 18 percent and captured more than 2,000 large aircraft orders last year for the second consecutive year and the third time in history.

"As a result, there's a record backlog -- more than seven years at current production rates," PriceWaterhouseCoopers said. "And the industry is anticipating another record output in 2013."

.


Related Links
Aerospace News at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








AEROSPACE
EADS And Siemens Sign MoU With Diamond Aircraft On Electric Propulsion System
Paris (SPX) Jun 19, 2013
EADS and Siemens are entering into a long-term research partnership to introduce new electric propulsion systems that could help airlines lower their fuel bills and drive environmental performance. Together with their partner, Austria-based Diamond Aircraft, the companies are showcasing a second generation serial hybrid electric airplane at Le Bourget. EADS Chief Executive Officer (CEO) To ... read more


AEROSPACE
Israel fast-tracks Arrow 3 over Iran nuclear fears

US Missile Shield Threatens Balance in Asia-Pacific Region

US to send Patriot missiles, F-16s to Jordan for drill

Russia developing counter-measures for European anti-missile shield

AEROSPACE
South Korea to buy European cruise missiles

Raytheon, US Navy deliver 5,000th AIM-9X Sidewinder missile

PAC-3 MSE Missile Flight Tested At White Sands

Putin holds back on Syria missile delivery

AEROSPACE
Golden Eagle UAV spreads its wings and flies

NASA Tests Radio for Unmanned Aircraft Operations

Defence giants call for European drone program

U.S. mulls countermeasures against threat of enemy UAVs

AEROSPACE
Electronics Unit Delivery Marks Milestone for Fourth Advanced EHF Protected Satellite Communications Payload by Northrop Grumman

Upgrade for French AWACs

Northrop Grumman Delivers Second Hosted Payload for Enhanced Polar System

Lockheed Martin Supports Realtime Battlespace View For USAF Aerial War Games

AEROSPACE
US scraps tons of gear as it leaves Afghanistan - report

Thousands evacuated after blasts at Russian arms depot

Raytheon to improve US Army air defenses, better identify targets

Thales delivers 1,000th Bushmaster to Australia

AEROSPACE
After 2 years, BAE 'close to sealing Typhoons deal'

Israel, Pakistan deny reported arms deals, but ....

Merkel ally resists fresh pressure to resign

Pressures grow on global defense spending: report

AEROSPACE
China, Vietnam set up dispute hotline amid summit: report

UN's Ban meets China's Xi for talks

China's Xi in 'thorough clean-up' of party: media

Outside View: America strikes out

AEROSPACE
Nanoparticle Opens the Door to Clean-Energy Alternatives

Spot-welding graphene nanoribbons atom by atom

Nano-thermometer enables first atomic-scale heat transfer measurements

Polymer structures serve as 'nanoreactors' for nanocrystals with uniform sizes, shapes




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement