ACU_Auugust Fourth Draft

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FEATURE Paris International Airshow 2019 Boeing, Brexit and sluggish business dominate Paris Airshow Business was obviously a bit sluggish at the airshow. In 2017, the show had stronger than expected orders, underlining the robust health of the airline industry. It did business worth over USD150 billion in 2017 and this edition it was down to USD140 billion. Some attribute it to the general state of world economies and some point to the fact that Boeing Commercial is yet to recover from its debacle.
FEATURE The world's numero uno airshow, Paris International Airshow at Le Bourget, has its ups and downs and this edition, 53rd, was marred by reduced business— nearly US$10 billion less than the previous event. Mainly because one of the key players in commercial aircraft business – Boeing – going through a rough patch following the back-toback accidents involving the Boeing 737 MAX where some 346 people were killed in Indonesia and Ethiopia. The accidents prompted airlines across the globe to ground their B- 737 MAX planes indefinitely and Boeing to re-examine extensively the model and rectify the problems on its software program. The incidents also forced the aviation sector to put more emphasis on safely policies. Besides the Boeing-factor, Brexit has also been looming large on the aerospace and defence sector in Europe. It remains to be seen how the European Union and the United Kingdom will wade through the rough currents. Airbus dominates Back to commercial airlines, Airbus ruled the roost, having easily edged out its archrival Boeing. The US aerospace giant opened its account with freighter bookings. GE Capital Aviation Services (GECAS) entered into an agreement with Boeing for purchase rights of 10 737-800 Boeing Converted Freighters (BCF). GECAS also signed for 15 extra purchase rights for the same aircraft. The Senior Vice President of GECAS Cargo, Richard Greener said “Our leasing customers are very pleased with the versatility and reliability of these freighters.” ASL and China Airlines also endorse BCF Besides huge orders from Qatar Airways, Boeing had freighter wins from ASL Aviation Holdings DAC which signed for 20 737-800 BCF (with 10 firm orders and 10 purchase rights). Since its launch, the 737-800 BCF h a s b a g g e d 1 2 0 o r d e r s a n d commitments from eight customers worldwide. China Airlines also placed orders for six 777 freighters in their bid to expand the freighter business and also modernize their fleet. Sluggish business Business was obviously a bit sluggish at the airshow. In 2017, the show had stronger than expected orders, underlining the robust health of the airline industry. It did business worth over USD150 billion in 2017 and this edition it was down to USD140 billion. Some attribute it to the general state of world economies and some point to the fact that Boeing Commercial is yet to recover from its debacle. What really propped Boeing was the huge order of the International Aviation Group for 200 airplanes (mix of 737 Max 8 and Max 10) and it is said that IAG had a 'sweet deal', valued at over USD24 billion. Boeing Commercial Airplanes CEO Kevin McAllister said, “We are truly honored and humbled by the leadership at International Airlines Group for placing their trust and confidence in the 737 Max and ultimately, in the people of Boeing and our deep commitment to quality and safety above all else.” Regional aircraft players pitch in The regional aircraft segment also did fairly good business with both ATR and Embraer having quite a few signing moments. At Paris, ATR, partially owned by Airbus, announced the launch of ATR 42-600S which has feature of shorter take-off and landing, using 800 meter runways.
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