Market Intelligence: -Airline Aircraft Orders

Leading Aircraft Manufacturer Forecasts a Need of 2,450 New Turboprops Over the Next 20 Years

ATR, the world’s leading regional aircraft manufacturer predicts demand for at least 2,450 turboprop aircraft over the next 20 years meeting the increasing demand for regional connections and lower emission air transport. This is according to the company’s first global market forecast since 2018, presented today at the Farnborough Airshow.

The report, which covers the 2022 to 2041 period, predicts a strong return to business after a challenging two years for the aviation industry.

Fabrice Vautier, SVP Commercial at ATR says: “The forecast demonstrates that essential connectivity is needed both for emerging and mature markets now and in the future. The biggest driver of demand is airlines modernising their fleets to meet the highest environmental standards while making air transport accessible to all. Replacements will account for seven out of ten new aircraft, the remainder will be deployed to enhance regional mobility and connectivity through new routes.”

Today turboprops make up around 40 per cent of the regional passenger fleet. The forecast predicts that the global fleet of turboprop passenger aircraft with at least 30 seats will rise from 1950 in 2022 to 2660 in 2041 – an increase of around 36 per cent. The biggest rise being in Asia Pacific, China and Latin America.

The report also identifies the growing role of air cargo. Freighters have come to play an essential role in supporting regional communities, partly due to the acceleration of the digital economy and ecommerce.

The forecast highlights that with turboprops making up to 94 per cent of the regional freighter fleet, this presents an important area of opportunity for the industry. The global fleet of turboprop freighters is predicted to rise from 380 in 2021 to 550 in 2041 – an increase of 45 per cent.

South East Asia, China and Latin America have been identified as areas of increased regional demand, as customer expectations for faster delivery expands beyond key primary gateways in each region.

An additional factor driving future demand in turboprops: their ability to address the changing regulatory environment created by climate challenge. Increasing fuel prices, growing carbon taxation, as well as greater passenger demand for lower emission travel all mean that the aviation industry is naturally favouring low-carbon emitting aircraft such as turboprops. Even today, if all regional jets in Europe were replaced by turboprops, the reduction of CO2 emissions would be equivalent to the amount of CO2 removed by a forest of around 5000 km2, more or less the size of the Balearic Islands!

The report concludes that new disruptive technologies, likely to be adopted from 2030 onwards, will further bring turboprops to the forefront of the aviation industry, helping play a vital role in connecting people and businesses and driving economic growth around the globe.

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Source: ATR Aircraft Press Release

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Cargo Airline Selects 777-8 Freighter as Preferred Replacement for 747-400 Fleet

Boeing and Cargolux announced that Europe’s largest all-cargo airline has selected the 777-8 Freighter as the preferred solution to replace its 747-400 fleet. The selection was announced at the Farnborough International Airshow.

“With the 777-8 Freighter being the preferred solution to replace our 747-400s, Cargolux is looking forward to continuing its ongoing relationship with Boeing,” said Richard Forson, president and CEO of Cargolux.

The 777-8 Freighter is ideally suited for operators like Cargolux, creating a more sustainable and profitable future. With nearly identical payload and range capabilities as the 747-400 Freighter, the 777-8 Freighter will provide 30% better fuel efficiency and emissions and 25% better operating costs per tonne as the airplane to replace aging large freighters later this decade.

“With the selection of our newest freighter as their preferred solution, Cargolux continues its long and enduring history with Boeing, integrating the 777-8F seamlessly into the airline’s all-747 cargo operations,” said Stan Deal, president and CEO of Boeing Commercial Airplanes. “With its investment in the 777-8 Freighter, Cargolux will operate the most advanced, fuel-efficient, twin-engine freighter in the industry. The 777-8 Freighter significantly reduces CO2 emissions compared to previous models with a reduced noise footprint, helping to advance Cargolux’s commitment to sustainable operations.”

Boeing launched the 777-8 Freighter in January and has booked more than 50 orders for the model. With advanced technology from the new 777X family and proven performance of the market-leading 777 Freighter, the 777-8 Freighter offers the highest payload and the lowest fuel use, emissions and operating cost per tonne of any large freighter.

Cargolux is the largest operator of Boeing widebody freighters in Europe with a combined total fleet of 30 747-400 and 747-8 Freighters. Boeing and Cargolux’s partnership has spanned almost 50 years from 1973 when it received its first Douglas DC-8 Freighter before entering the jet age in 1977 with the delivery of its first 747, a 747-200 Freighter called ‘City of Luxembourg‘.

The 2022 Boeing Commercial Market Outlook projects a 80% increase in the global freighter fleet through 2041, including approximately 940 new widebody freighters such as the new 777-8 Freighter. First delivery of the 777-8 Freighter is anticipated in 2027.

Cargolux, based in Luxembourg, is Europe’s leading all-cargo airline operating a fleet of 30 Boeing 747-8 freighters and Boeing 747-400 freighters. The Cargolux worldwide network covers over 75 destinations on scheduled all-cargo flights and offers full and part-charter services. The company has more than 85 offices in over 50 countries and operates an extensive global trucking network to more than 250 destinations. With 50 years of experience in the air cargo industry and an extensive product portfolio, Cargolux provides tailored transport solutions for all types of shipments. As a responsible cargo carrier, Cargolux has developed a solid CSR program encompassing Environmental, Social, and Governance principles. The Cargolux Group employs close to 2,500 staff members worldwide.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company’s core values of safety, quality and integrity.

Source: Boeing Press Release

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Global Aircraft Manufacturer Secures New Orders and Predicts Strong Future at Farnborough International Airshow

On the occasion of the Farnborough International Airshow, world’s number one regional aircraft manufacturer ATR, has reaffirmed its leadership on the regional aviation market with the signature of new deals and Global Maintenance Agreements, and in the future, with its updated 20-year market forecast.

ATR has secured new orders from Japan’s ORC and Gabon’s Afrijet, respectively selecting the ATR 42-600 and the ATR 72-600 as the lowest CO2 emission and most economical regional aircraft on the market. ATR continues to enlarge its footprint in Japan as Feel Air is looking to operate a fleet of up to 36 ATR aircraft, and the manufacturer is also getting unswerving support from the leasing community, as newly formed lessor Abelo is to acquire 20 aircraft, including 10 ATR 42-600S – the Short Take-Off and Landing version.

ATR’s new 20-year global market forecast, disclosed at the show, demonstrates that essential connectivity benefits not only emerging markets but also mature economies. Communities across the globe will always need a quick and affordable access to healthcare, education and fresh produce, which ATR turboprops are already providing today.

Fabrice Vautier, ATR Senior Vice-President Commercial, commented: “In mature markets, the acute awareness of the environmental challenge is the main driver for change across the entire aviation ecosystem. While in Asia Pacific, Latin America, or Africa, for instance, the challenge is to provide a low-fare alternative to time-consuming mobility options. Everywhere, profitability for the operators and comfort for the passengers are paramount, and the ATR -600 family is making a difference, offering sustainability, comfort, reliability and unrivalled economics. This is why our forecast predicts a total market of close to 2,500 aircraft over the next 20 years.”

ATR is responding by developing the most responsible and affordable turboprop ever, soon to be operated by 100% Sustainable Aviation Fuel. The turboprop manufacturer has just performed the first flight ever with 100% SAF in both engines on a commercial aircraft. Certification is also on track for its latest generation PW127XT engine, with deliveries starting this year.

Source: ATR Aircraft Press Release

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The Airbus A220 Confirms its Breakthrough on the Small Single-Aisle Market

The 220th A220 – an A220-300 – was recently delivered to JetBlue, the largest A220 customer with 100 A220s on order and already 10 in service. Beyond a symbol, the 220th A220 marks an important milestone for Airbus and its successful single-aisle Family six years after the first aircraft – an A220-100 – was handed over to the Programme’s launch operator SWISS International Air Lines.

A game-changing aircraft for operator

Six years later, the A220 continuously attracts operators and passengers, offering both high flexibility – from 30 minutes to seven hours flights – and efficiency – with 25% less fuel burn & CO2 emissions and 50% less noise footprint compared to previous generation aircraft. And many airlines across the world including Air Canada, Air France and JetBlue have selected the A220 to reach their environmental targets, as part of a collective effort to lead the aerospace industry’s decarbonisation journey. To date, the A220 Family proudly flies in the liveries of more than 15 airlines on over 700 routes and 300 destinations worldwide.

Opening new horizons for passengers

In the last six years, the A220 has been able to unlock numerous routes for passengers from North America to Asia Pacific, Africa and Europe, connecting around 60 millions passengers who enjoyed a bright cabin with large panoramic windows, wider seats, offering them superior comfort and personal space. On the North American continent, where the A220 is headquartered and built, airlines such as JetBlue, Breeze Airways, Air Canada and Delta Air Lines, have always been focused on the passenger experience, and the A220 fits perfectly with that philosophy by offering true widebody comfort in a single-aisle aircraft. This is also the case in Europe with Latvia-based airBaltic which has been flying an exclusive A220-300 fleet since 2020 and has made the A220 its operation backbone offering passengers a unique flying experience. In the U.S., the A220 is also highly appreciated for providing non-stop service between underserved routes at affordable fares, offering point-to-point flights from smaller secondary airports, and bypassing hubs for shorter travel times.

Meeting the growing demand

With an A220 order book that has more than doubled since 2018, Airbus is expanding its industrial footprint to support the increasing demand for the A220. In addition to the headquartered final assembly line (FAL) in Mirabel, Canada, Airbus extended its A220 assembly capacity to the U.S.-based A320 FAL located in Mobile, Alabama in January 2019. More recently, Mirabel welcomed an additional pre-assembly line, becoming the first Airbus pre-FAL located outside of Europe. This expansion will allow Airbus to more than double the current A220 production rates to 14 aircraft per month by the middle of this decade and meet a market need estimated to represent at least 7,000 aircraft over the next 20 years, namely due to the current acceleration in aging aircraft fleet replacement needs. The A220 has taken off and is on a path to great success, flying towards an exciting future, one that Airbus Teams around the world are committed to!

Source: Airbus Press Release

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As Air Travel Rebounds, Boeing Forecasts Demand for More than 41,000 New Airplanes by 2041

With demand rebounding for international air travel following ongoing recovery in many domestic markets, Boeing projected demand for more than 41,000 new airplanes through 2041, underscoring aviation industry resilience two years after the pandemic began. Boeing released its 2022 Commercial Market Outlook (CMO), the company’s annual long-term forecast, in advance of the Farnborough International Airshow.

The CMO forecasts a market value of $7.2 trillion for new airplane deliveries, with the global fleet increasing by 80% through 2041 compared to 2019 pre-pandemic levels. Approximately half of passenger jet deliveries will replace today’s models, improving the global fleet’s fuel efficiency and sustainability. In addition, Boeing Global Services forecasts $3.6 trillion in demand in its market segments over the same time period, including strong demand for maintenance and modifications such as converted freighters; digital solutions that increase efficiency and reduce cost; and effective training to enable the supply of pilots and technicians.

“Despite the unprecedented disruption over the past two years, the aviation industry has shown incredible resilience adapting to the challenge,” said Ihssane Mounir, Boeing’s senior vice president of Commercial Sales and Marketing. “The 2022 CMO draws upon our expertise forecasting market trends to demonstrate the strong demand for new airplanes and related services in the coming decades, providing a waypoint as the industry continues to navigate its recovery.”

The 2022 CMO includes these regional projections in the next 20 years:

  • Continuing their strong growth story, Asian markets account for roughly 40% of long-term global demand for new airplanes. Europe and North America each account for just over 20% of demand, with 15% of deliveries going to other regions.
  • South Asia’s fleet continues to lead global growth, at 6.2% annually. Led by India, the region’s fleet will nearly quadruple from 700 airplanes in 2019 to more than 2,600 airplanes through 2041. Southeast Asia is projected to see the second-fastest growth with a near-tripling of its commercial fleet to 4,500 airplanes.
  • This year’s CMO does not include a forecast for airplane deliveries to Russia due to sanctions against aircraft exports. This change reduces global 20-year demand by about 1,500 airplanes compared to last year’s CMO.

Single-aisle airplanes will account for 75% of all new deliveries, unchanged from last year’s CMO, and totaling nearly 31,000 airplanes. Through 2041, new widebody airplanes will account for about 18% of deliveries with more than 7,200 airplanes, enabling airlines to serve new and existing markets, passenger and cargo, more efficiently than in the past.

The CMO also predicts continued robust demand for dedicated freighters to support global supply chains and growing express networks. Carriers will need 2,800 additional freighters overall, including 940 new widebody models in addition to converted narrow-body and widebody freighters over the forecast period.

Boeing has provided the CMO annually for more than 60 years. As the longest-running jet forecast, the CMO is regarded as the most comprehensive analysis of the commercial aviation industry. In addition, Boeing will release its Pilot and Technician Outlook on July 25.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company’s core values of safety, quality and integrity.

Source: Boeing Press Release

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