Tim's Feed
Feb 7, 2014

Planemakers look to ink Asia deals despite emerging market worries

SINGAPORE, Feb 7 (Reuters) – Aerospace firms will finalise
billions of dollars of deals at next week’s Singapore Airshow,
hoping to ride out a storm in emerging markets whose prosperity
is vital to their plans to keep producing record numbers of
jets.

Asia’s largest aerospace gathering is usually a “show and
tell” event where executives come to mingle with some of the
world’s biggest long-haul carriers and Asia’s ambitious new
travel tycoons, as well as the region’s busy military buyers.

Feb 6, 2014

Airbus considers A380 revamp to lift sales -sources

SINGAPORE, Feb 7 (Reuters) – Airbus is exploring
fresh ways to improve sales of the world’s largest passenger jet
after receiving a potentially crucial signal of support from at
least one of its engine makers, industry sources said.

Faced with patchy demand for the A380 superjumbo, Britain’s
Rolls-Royce has indicated it may be willing to upgrade
its Trent 900 engines to help Airbus dig its way out of a recent
sales trough, the sources said, asking not to be named.

Jan 28, 2014

VietJetAir to finalise $9 bln Airbus order next month

SINGAPORE/PARIS, Jan 28 (Reuters) – Vietnamese carrier
VietJetAir said it would finalise a $9 billion order for up to
92 Airbus aircraft next month as it seeks to tap into
Southeast Asia’s fast growing low-cost market dominated by
AirAsia Bhd and Lion Air.

In September, privately owned VietJetAir and Airbus agreed a
provisional order for mostly A320 planes, but the deal did not
show up on the order book of Airbus in its 2013 data.

Jan 24, 2014

Aircraft finance on cloud nine as new money pours in

DUBLIN (Reuters) – Crisis, what crisis? The good times are rolling in the aircraft finance industry as yield-hungry investors gamble on growing demand for air travel, banishing recent jitters over funding.

Despite new concerns over emerging markets that mounted on Friday, an annual gathering in Dublin this week attracted record numbers of lawyers, bankers and lessors who keep the $100 billion a year jetliner industry aloft with funding.

Jan 22, 2014

New air finance kingpin promises more cautious style

DUBLIN, Jan 22 (Reuters) – When he takes a top seat in the
$200 billion aviation finance world later this year, Irish
accountant Aengus Kelly will bring a new caution to an industry
long known for risk taking and marketing swagger.

After steering his underdog firm AerCap through the
financial crisis unscathed, he engineered the most audacious
deal in the sector for two decades with the takeover of
struggling industry pioneer ILFC, quadrupling its fleet.

Jan 20, 2014

GECAS orders 40 Boeing 737s worth $4 bln

DUBLIN, Jan 20 (Reuters) – GECAS, the world’s largest
aircraft leasing company, announced an order for 40 Boeing
medium-haul passenger jets on Monday, in a fresh boost
for the U.S. planemaker’s best-selling model.

Confirming an earlier Reuters report, GECAS said the order
would be split between the current-generation Boeing 737-800 and
the future 737 MAX, a revamped jet designed to save fuel with
the introduction of new engines, starting in 2017.

Jan 19, 2014

Insight: Revenge of the Irish as mega-merger restores air finance crown

SHANNON (Reuters) – Twenty years after the spectacular collapse of Irish tycoon Tony Ryan’s plane leasing empire, the Emerald Isle has restored its grip on the world’s aircraft fleet with a mega-merger that could pave the way for a wave of multi-billion-dollar IPOs.

The $5 billion takeover of U.S. leasing giant ILFC by AerCap, a firm that emerged from the ruins of Ryan’s pioneering Guinness Peat Aviation (GPA), is set to send ownership of its fleet of 1,000 jets to Shannon, a small town in the west of Ireland where GPA pioneered the plane leasing industry in the 1980s.

Jan 19, 2014

Revenge of the Irish as mega-merger restores air finance crown

SHANNON, Ireland, Jan 19 (Reuters) – Twenty years after the
spectacular collapse of Irish tycoon Tony Ryan’s plane leasing
empire, the Emerald Isle has restored its grip on the world’s
aircraft fleet with a mega-merger that could pave the way for a
wave of multi-billion-dollar IPOs.

The $5 billion takeover of U.S. leasing giant ILFC by AerCap
, a firm that emerged from the ruins of Ryan’s pioneering
Guinness Peat Aviation (GPA), is set to send ownership of its
fleet of 1,000 jets to Shannon, a small town in the west of
Ireland where GPA pioneered the plane leasing industry in the
1980s.

Jan 13, 2014

Airbus posts record orders, ponders higher production

TOULOUSE, France, Jan 13 (Reuters) – Airbus posted
an industry record of 1,619 new airplane orders in 2013, pushing
its backlog to almost nine years of production, and said it was
examining the potential for a two-stage increase in production
of its most popular jets.

The European planemaker reclaimed top spot in commercial
orders from Boeing after repeatedly revising up its
targets last year, but lost the delivery contest to its rival
despite an internal record of 626 deliveries.

Jan 10, 2014

Airbus studies engine revamp of A330 -sources

PARIS, Jan 10 (Reuters) – After increasing sales of its A320
jet by revamping it with newer and more efficient engines,
Airbus is studying whether to repeat the process with a
larger jet, the A330, industry sources and analysts said.

Sales of the 20-year-old A330 have enjoyed an unexpected
boom in recent years after Boeing’s radically new 787
Dreamliner encountered three years of production delays and many
airlines turned to the cheaper and proven Airbus model.