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Aviation News for the Week of September 4, 2016

This week in aviation news: Bombardier revises 2016 C-Series delivery schedule, Vietjet places order for 20 Airbus A320s

 

On Tuesday, Canadian aircraft manufacturer Bombardier announced that has cut CSeries delivery projections for 2016 by nearly half, due to ongoing issues with the aircraft’s Pratt & Whitney engines. Bombardier had originally planned for 15 deliveries of the CS100 this year, but now expects to deliver only seven. The engine issues have been attributed to delays in parts manufacturing of the aircraft’s Pratt & Whitney 1500G geared turbofan engines. The first CS100 aircraft was delivered to Air Swiss in June while the larger member of the C-Series family, the CS300, is scheduled for its first delivery by the end of this year as planned. “We are working very closely with Pratt & Whitney to quickly address this supplier ramp-up issue and to ensure we have a strong supplier base to support our long-term growth objectives,” Fred Cromer, president of Bombardier Commercial Aircraft, said. “We are very confident in our production ramp-up plan, including our ability to meet our production goal of 90 to 120 aircraft per year by 2020.” Bombardier Commercial Airplanes lowered its projected net profit for this year but still expects to fall into its lower guidance range, estimating approximately $17.5-16.5 billion in profit. Related issues with Pratt & Whitney’s engine production has caused extensive delays on deliveries of Airbus’ new A320neo aircraft.

 

Vietjet has placed an order for 20 A320 family aircraft, consisting of 10 A320neos and 10 A320ceos. A Vietnam-based low-cost carrier, Vietjet began operations five years ago and its fleet includes 40 A320 family aircraft. The deal was finalized in conjunction with French President François Hollande’s official state trip to Vietnam last week. Hollande witnessed the signing of the agreement, along with President of the Socialist Republic of Vietnam Tran Dai Quang. “We are pleased to sign our latest purchase agreement with Vietjet,” said Fabrice Brégier, Airbus President & CEO. “Vietjet is benefitting from the very significant economies that come from operating a single aircraft family. For busier routes the A321 combines higher capacity with the lowest operating costs in its class, offering unbeatable efficiency. Airbus and Vietjet also finalized an agreement to provide training and maintenance for the aircraft at Vietjet’s new facility in Ho Chi Minh City. Including this order, Vietjet has placed orders for a total of 119 A320 family aircraft.

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