September 2008, Issue 12

Noteworthy Developments


Boeing Order and Program Update:

787:

  • Boeing achieves 787 power on
  • 787 Dreamliner fatigue airframe departs factory
  • Boeing 787 Dreamliner structure test a success

    777:

  • Boeing 777 Freighter makes first flight

    767:

  • World’s first 767-300 Boeing Converted Freighter goes to ANA

    737/BBJ:

  • Boeing Next-Generation 737 carbon brakes earn FAA certification
  • Boeing completes first BBJ 3

    Other:

  • Boeing and Japan Airlines flight demonstration of second-generation biofuels planned
  • Boeing tailored arrivals ATM concept cuts fuel, emissions in initial deployment


  • Airplane Orders:

  • Recent order announcement June through August 2008, include:
    • 777s:
      777-300ERs – Air France (3), Korean Air (1), GECAS (2), British Airways (2), Egyptair (2); 777-200LR: Delta (1)
    • 767:
      767-300ER: Azerbaijan (2)
    • 737s:
      737-700s – Unidentified (2), WestJet (4), Aviation Capital Group (15); 737-800s: American (2), Arik Air (7); Biman Bangladesh (2); COPA (2); Malaysian (35); Ryanair (3); American (27); FlyDubai (50); Saga (2), SAS (1); 737-900ER: Azerbaijan (2); BBJs: 737-700 (1), 737-800 (1)

    Deliveries:

  • Recent order announcement June through August 2008, include:
    • 777s:
      777-300ERs – Air Canada (1), Air India (2), JAL (1), Singapore (1), All Nippon (1), Emirates (2), EVA (1), JAL (2), Qatar (1), TAM (1); 777-200ER – Korean Air (1); 777-200LRs – Emirates (2)
    • 767:
      767-300ERs – JAL (1), LAN (2), All Nippon (1)
    • 747:
      747-400F – UPS (1), Cargolux (1); 747-400ERF – Cathay Pacific (1)
    • 737s:
      737-700s – AirTran (2), Southwest (8), TUI (1), Delta (2), Turkmenistan (1), WestJet (1), China Eastern, KLM (2); 737-800s – Air Berlin (2), Air China (3), Air Europa (1), Air India (2), Alaska (3), All Nippon (1), Continental (3), COPA (1), GECAS (8), Hainan (4), ILFC (4), JAL (2), Qantas (3), Ryanair (3), Shangdong (3), Shanghai (2), Shenzhen (3), Turkish (3), Virgin Blue (2), Aviation Capital Group (3), GOL (3), Pegasus (1), SpiceJet (2), TUI (1) Egyptair (1), U.S. Navy (1); 737-900ERs – Continental (4), SpiceJet (1), Lion Air (1); BBJ – 737-700 (2)


    Hawaiian Expands Interisland Service with BCC’s Help

    Hawaiian Airlines will expand its interisland fleet with the addition of four 717-200s to be leased from Boeing Capital Corporation. The expansion is part of the airline’s response to the closing of its competitor, Aloha Airlines.

    Hawaiian’s current interisland fleet comprises 11 717s, which are used for 150 daily flights. The airline will add two airplanes in September and one each in November and December, for a total of 15, all on long-term lease from BCC.

    Boeing converted freighters to support Aeroflot Cargo growth plan

    Boeing is helping Aeroflot-Cargo improve its operational efficiency and adapt to growing market demands by providing three leased MD-11 Boeing Converted Freighters (BCFs).

    Boeing Capital Corporation structured the leasing deal and Boeing Commercial Aviation Services conducted the modification work. Aeroflot Cargo, which already operates four DC-10 freighters, is leasing the three MD-11s under a multi-year operating agreement. “This solution allows us to optimize our choices for airplanes that we needed to redeploy, maximizing the airplane’s value since freighter conversion is a great residual play for the MD-11s,” said Tony Simpson, Boeing Capital managing director for Europe, Russia and Central Asia.

     


    Nineteenth Planning Seminar for Next-Generation Financiers


    Boeing Capital attracted about 30 attendees representing a wide geographic diversity for its week-long Airline Planning Seminar for financiers held in Renton, Wash in July. It was the 19th annual session of the educational outreach program which provides a detailed overview of the underlying

    dynamics and key business decision drivers of the airline industry, drawing on the talents of both Boeing Commercial Airplanes and BCC presenters. “We had a great geographic mix with attendees from Europe, China and South Africa and, for the first time, bankers from Russia,” said Mike Laucius, a BCC Europe director and one of the coordinators. Participant feedback was overwhelmingly positive and there is already a waiting list for next year’s session.

     

    Walter E. Skowronski