Bombardier Aerospace announced (24-Jun-2011) it signed up to USD4.7 billion in firm orders, options and purchase rights at the Paris Air Show with for its CSeries aircraft and large cabin Global 7000 and Global 8000 business aircraft. Over Jun-2011, five new customers joined the CSeries program. Braathens Aviation and three unidentified customers placed firm orders for 33 CSeries aircraft and Korean Air signed a LoI for up to 30 additional CSeries aircraft. In addition to the firm orders placed in June, commitments for 49 additional aircraft (options and LOI) were also placed. The CSeries is now sold out for 2014, with a few remaining slots in 2015. [more]
Bombardier reports USD4.7bn in orders and commitments
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The primary objective has to be securing more fifth freedom rights for one-stop service. Singapore is encouraging the ASEAN bloc to secure open skies with Japan, Korea and the EU since open skies will entail unlimited fifth freedom rights. Korea is unlikely to agree, with Japan hesitant. Fifth freedom liberalisation is a contentious item in the otherwise benign EU-ASEAN negotiations. Countries worry that granting unlimited fifths opens Pandora's box to growth – not just from SIA, but any number of airlines that are quiescent today but could aspire to be powerhouses in the future.
Oslo Gardermoen Airport seeks Asian flights to leverage tourism to Norway; perhaps the new Iceland
Oslo Gardermoen Airport has sat out the recent boom in Asian growth. This is not just in comparison to neighbouring Helsinki's rapid Asian growth in tandem with Finnair, but even more broadly. Norway is the largest Western European country without a flight to China, and is the smallest of Western European countries with flights to Asia. Its only destination is Bangkok.
This is a juxtaposition to Norway's strong credentials: maritime and gas businesses, a wealthy population (much more so than Finland's) for outbound travel, and untapped year-round tourism opportunity – not just for Oslo but for all of Norway, from fjords in the summer to northern lights in the winter.
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