Pegasus Airlines announced (18-Dec-2012) it placed an order for up to 100 narrowbody Airbus aircraft including 58 A320neo and 17 A321neo aircraft, of which 75 are firm orders. The aircraft will be the airline's first Airbus aircraft, as its fleet currently consists of Boeing aircraft. Pegasus chairman Ali Sabanci said, "It is with great pride that we are placing the biggest order in the history of Turkish civil aviation with Airbus for up to 100 A320neo Family aircraft. At Pegasus, we believe that everyone has the right to fly, and the A320neo with its 15 percent fuel burn reduction combined with superior cabin comfort made it without a doubt the best choice for achieving our ambitious future development plans." Airbus COO John Leahy said Airbus is "delighted to welcome Pegasus as a new Airbus customer". Pegasus will take delivery of the A320neo aircraft in a single class layout of 180 seats while its A321neo will be configured with 220 seats in a single-class layout. The aircraft will be equipped with Sharklet wing tip devices. [more - original PR - Pegasus] [more - original PR - Pegasus II]
Pegasus Airlines places biggest Turkish airline order for up to 100 narrowbody Airbus aircraft
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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.
Pegasus Airlines: still galloping (just), but no longer flying high, as Turkey events slow demand
Pegasus fell into loss in 2016, extending an unbroken trend of falling operating margins from the peak in the year of its stock market flotation in 2013. A series of geopolitical and terrorist events in Turkey weighed on market demand, leading to a drop in traffic in 2016.
Against this difficult backdrop, Pegasus slowed its expansion to single digits after years of double digit growth, but this remained ambitious in a falling market. In addition, its fleet grew faster than its traffic, piling on cost that did not generate sufficient revenue. It is now wet leasing aircraft to other airlines and deferring some new deliveries.
Pegasus' capacity growth is set to slow further in 2017, but it still looks fairly aggressive in a market that is again falling (according to OAG data). An increased focus on cost management may bring down ex fuel unit cost, but against this are rising fuel prices. Pegasus is likely to find a return to break even in 2017 to be a real challenge. In 2013 its margin was similar to those of its fellow ultra LCCs Ryanair and Wizz Air, but it has followed a worryingly divergent path since then.