February 18, 2019 - by Leeham News
Airbus' decision to end the A380 program clears the path, if chosen, for a plane that was studied three or four years ago: the stretch of the A350-1000 to the size of the 777-9.
A 400+ passenger "A350-2000" would have encroached too closely on the A380's 500+ passengers. Officials feared the A350-2000 would hurt the sales prospects of the A380.
With the A380's last delivery now planned for 20xx, this becomes a moot point.
The prospect of a new, Rolls-Royce Ultra Fan engine for the A350 around 2025 will give the -2000 significantly superior economics to the 777-9 and a longer range, a preliminary analysis by LNA shows.
- An A350-2000 with RR Ultra Fan engines is superior to the 777-9.
- However, Boeing has a big head start with orders for 340 777Xs, most of which are for the -9.
- The market demand for a 400-450 seat airplane is increasingly iffy.
- But the A350-900/1000neo helps business case.
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February 15, 2019 - Bombardier Video
Who is visiting Fliegerfaust now... plus all visitors since December 25, 2018 14:56 - 19:56 UTC
Vous êtes-vous déjà demandé comment le vol des avions Global se compare à la concurrence? Nous avons fait le test et demandé à l'auteur du manuel sur la conception des avions, le Dr. Daniel P. Raymer! Regardez la vidéo pour découvrir où l'expérience de vol de l'avion Global se situe par rapport à la compétition.
February 15, 2019 - by Reuters
TOULOUSE, France (Reuters) - Airbus lifted the lid on one of the aircraft industry's worst-kept secrets on Thursday, revealing the scale of average discounts in the cut-throat global jet market.
For years, planemakers such as Airbus and U.S. rival Boeing have grabbed headlines by announcing orders at catalogue prices that are far above the real market value of jets.
But on Thursday, Airbus issued new figures suggesting that the average aircraft discount is close to 50 percent..
VIDEO: Time for a Wing Friday! We’re so proud of our BelugaXL as it takes on its first A350 wing set loading test, one of many challenges that will see it increase Airbus production output
February 15, 2019 - Airbus
#BelugaXL Flight Test Campaign | First #A350 XWB Wings Transportation www.youtube.com
Bombardier EBIT before special items(1) up 42% year-over-year to more than $1.0B on revenues of $16.2B for the year; EBIT increased 235% year-over-year to $1.0B
Bombardier Reports Fourth Quarter and Full Year 2018 Results
2019 guidance affirmed, clear path to achieve 2020 objectives
February 14, 2019 - Montréal - Bombardier Inc., Press Release
- EBIT before special items(1) up 42% year-over-year to more than $1.0B on revenues of $16.2B for the year; EBIT increased 235% year-over-year to $1.0B
- 2018 EBIT margin before special items(1) up 180 bps year-over-year to 6.3%; EBIT margin of 6.2%
- Full year free cash flow(1) of $182M, comprising proceeds from certain transactions, including $1.0B of cash generation in the fourth quarter; full year cash flows from operating activities of $597M
- Strong backlog growth at Business Aircraft and Transportation, with full year book-to-bill ratios(2) of 1.1 at both segments, and a consolidated backlog of $53.1B
- 2019 guidance affirmed, clear path to achieve 2020 objectives
Bombardier (TSX: BBD.B) today reported its fourth quarter and full year 2018 results, highlighting solid margin growth, improved cash flows and continued progress executing its turnaround plan. The successful entry-into-service of the Global 7500 business jet in the fourth quarter also marked the completion of Bombardier's heavy investment cycle, a key milestone in the company's turnaround plan.
"2018 was a year of solid progress," said Alain Bellemare, President and Chief Executive Officer, Bombardier Inc. "We continued to strengthen our business and set a strong foundation for growth. A foundation that includes a refreshed portfolio of best-in-class products, industry-leading backlogs and a more streamlined cost structure, all of which gives us a clear path to achieve our 2020 objectives."
"As we begin the fourth year of our turnaround journey, Bombardier is a much stronger company," continued Bellemare. "Our major program risks are retired, our heavy investment cycle is behind us and our franchises are well positioned for growth. For 2019, we are focused on flawless execution of our rail projects, the ramp-up of the Global 7500 and entry-into-service of the Global 5500 and Global 6500. We will also continue to drive financial performance through disciplined capital allocation and improved productivity and efficiency across the organization."
Bombardier's 2018 consolidated revenues reached $16.2 billion, reflecting 3% average year-over-year growth across Transportation, Business Aircraft and Aerostructures, excluding currency impact. Book-to-bill ratios(2) at Transportation and Business Aircraft both equaled 1.1 for the year, demonstrating strong demand for Bombardier's products and services. Bombardier's consolidated backlog reached $53.1 billion at the end of 2018, supporting future growth targets.
EBIT before special items continued to improve in 2018, increasing 42% year-over-year from $725 million to more than $1.0 billion, the top-end of the company's guidance. The 6.3% EBIT margin before special items in 2018 represents a strong 330 bps increase since the start of the turnaround plan in 2015, well above the 5-6% range originally targeted. On a reported basis, EBIT increased 235% year-over-year to $1.0 billion, representing a margin of 6.2%.
Bombardier generated $1.0 billion of free cash flow in the fourth quarter of 2018. Full year free cash flow generation equaled $182 million, at the high end of the company's revised guidance. This amount includes aggregate net proceeds of approximately $750 million from the sale of the Downsview property and the monetization of royalties associated with the previously announced CAE transaction. Cash flows from operating activities amounted to $597 million for the full year, and to $1.3 billion in the fourth quarter. Bombardier ended the year in a solid cash position, with $3.2 billion in cash and cash equivalents.
Bombardier: "Congratulations to our customer in Western Australia on achieving the CANSTAR BLUE Passenger Satisfaction Award for the 6th year running! We’re proud to be partners in Perth!"
February 14, 2019 - by Leeham News
Airbus announced today (Seattle time, Feb. 14 in Toulouse) that it is terminating the A380 program.
The last airplane will roll off the assembly line in 2021, for Emirates Airlines.
Emirates cancelled an order for 39 A380s. In its place, the carrier ordered 30 A350s and 40 A330neos.