Pratt & Whitney announced (18-Jun-2013) its 'PurePower' engine family has reached more than 3500 orders, including announced and unannounced firm orders, plus options. The engine has been selected for the Airbus A320neo, Bombardier CSeries, Mitsubishi Regional Jet, Embraer E-Jets E2 and Irkut MC-21. The first flight of the PW1100G-JM engine powering the A320neo was conducted in May-2013, with certification planned for 3Q2014 and entry into service planned for 4Q2015. The PW1500G engine for the CSeries achieved Transport Canada type certification in Feb-2013. Pratt & Whitney is currently building PW1500G production engines at its facility in Mirabel, Canada, and has delivered six propulsion systems to Bombardier for its initial three CS100 flight test airplanes. The CSeries first flight is expected this month, with entry into service planned for 2014. Embraer selected the PW1700G and PW1900G engines as the exclusive power for its new second generation of the E-Jet aircraft family. Pratt & Whitney anticipates the PW1900G and 1700G engines will be certified in 2015 and 2016, respectively. Embraer expects entry into service in 1H2018. The PW1200G engine for the Mitsubishi Regional Jet is on track to begin the certification programme in the third quarter of this year, with entry into service planned for 2015. The PW1400G engine for the Irkut's MC-21 airplane family continues to progress on schedule, with entry into service planned for 2017. [more - original PR]
Pratt & Whitney 'PurePower' engines reach 3500 orders and options, service entry nearing
You may also be interested in the following articles...
Bombardier C Series: record orders in 2016 as both variants finally enter service
The first commercial flight of the Bombardier CS300 on 14-Dec-2016, operated by airBaltic from Riga to Amsterdam, will be a major milestone for the Canadian manufacturer's new C Series aircraft programme. Three CS100 aircraft are already in service with SWISS, so the airBaltic flight will mean that both variants of the C Series are finally in commercial operation.
The programme is Bombardier's first wholly new aircraft development, aimed at the 100 to 150-seat market segment and offering advantages of fuel efficiency, cabin space, noise and emissions. Bombardier once targeted 2013 for entry into service, but has been dogged by problems and delays. In 2015, Bombardier seemed to have overstretched itself. The C Series received no new orders during the year and Bombardier was forced to seek investment from the Province of Québec to rescue the programme.
In 2016 the company has recovered to win a net 117 new orders, its highest annual total, bringing the programme total to 360. However, competition is cut-throat, with Airbus, Boeing and Embraer all having new developments of existing products in the same space as the C Series. Bombardier's breakthrough orders from Air Canada and Delta in 2016 required heavy price discounts.
United Airlines Part 2: Sustaining balance sheet strength while declaring ambitious margin targets
One area where United Airlines has made important strides during the last few years is in overhauling its balance sheet. Its efforts have gained some recognition from credit agencies for its progress in paring down debt and improving leverage ratios; but similarly to its rival American Airlines – attaining an investment-grade credit rating is not a huge priority for United. The airline believes it can achieve some benefits that investment-grade companies enjoy with the current state of its balance sheet.
In order to sustain the progress it has made in balance sheet repair United plans to amend its aircraft order book to slash capex commitments during the next couple of years, including the deferral of 61 Boeing narrowbodies. United is hinting that other fleet changes could be under consideration, including deals similar to the agreement it forged during 2015 to lease used Airbus A319s.
This is Part 2 in a two-part series reviewing United’s financial and revenue-generating opportunities.