Norwegian Air Shuttle ASA extended (20-Oct-2011) its current aircraft order with Boeing for an additional 15 B737-800s to be delivered between 2015 and 2018. The total order for purchased aircraft now stands at a total of 78 where 22 have been delivered. Norwegian has 12 remaining purchase rights for aircraft of the type. All future B737 aircraft will be fitted with CFM Evolution engines, Boeing SKY interiors and in-flight Wi-Fi. Norwegian Air Shuttle ASA has also entered into a Letter of Intent to lease one new B787-8 from ILFC. The aircraft is the third leased B787 from ILFC, and the sixth B787 on order for Norwegian. Norwegian will take delivery of the aircraft in early 2014, with a lease term of 12 years. The LoI is entered into as part of Norwegian’s set up for long-haul operations. [more - original PR]
Norwegian extends order with Boeing for 15 B787-800s; LoI to lease one new B787-8 from ILFC
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Norwegian Air continued its trend of improving profitability in 2Q2016, when it marked its sixth successive quarter of year-on-year increases in its operating margin. It achieved a further gain in load factor, in spite of double-digit capacity growth. The biggest sources of its growth were its US widebody routes and its operations in Spain, where it has recently opened a seventh base at Palma de Mallorca.
To a large extent its recent positive trend of growing profits has been the result of lower fuel prices. Ex fuel unit costs have been rising for several quarters, outpacing increases in unit revenue. Norwegian has only managed to achieve margin gains because of lower fuel CASK.
Norwegian's operations should become more efficient if it received US foreign airline permits for its Irish and UK subsidiaries, although there is currently little sign that this is about to happen. A new order for 30 A321LRs (part of the A320neo family) should also help Norwegian's unit cost performance and give it more choice over aircraft deployment on shorter long haul routes.
Global commercial aircraft deliveries fell in 2016 as Boeing again outsold Airbus; 2017 to be a peak
The global commercial aircraft fleet grew by 4% in 2016 and the year ended with an order backlog of more than nine years of production. Among the regions, North America still has the biggest and oldest fleet, but the lowest ratio of orders to aircraft in service. By contrast, Middle East has the fewest in service, but the highest ratio of orders to current fleet numbers.
This report gives an overview of the number of commercial aircraft deliveries in 2016 and the outlook into 2017 and beyond. It also looks at numbers in service and on order by region. It is based on preliminary numbers from the CAPA Fleet Database and guidance on 2016 deliveries from Airbus and Boeing, who have yet to announce final numbers.
The data indicate that total worldwide deliveries fell in 2016, the first such decline for six years, as a result of delays to new aircraft programmes. Boeing delivered more aircraft than Airbus for the fifth straight year, but its deliveries fell short of its 2015 level, while Airbus increased its numbers year-on-year. Total deliveries will likely rise again in 2017, but this may prove to be a peak year.