Jetrader - September/October 2010 - 18
Boeing's Joe Ozimek, managing director aircraft programs & valuations. The interior of the 787 was a mix of test equipment and temporary seats. While not yet a full Dreamliner interior, a few of the innovative features were obvious. While the big bins and spacious layout were obvious, the most popular feature for the ISTAT members proved to be the electro-chromatic "dimmable windows." Even one of Wall Street's most respected analysts could not get enough of this feature. While already present at last year's Paris Airshow, Sukhoi showed its Superjet 100, which is almost ready for its first commercial deliveries. From Russia was the first mock-up interior for the UAC MS-21. While not easy to get past the Russian security guards ("hospitality unit?"), the interior, designed and built by Weber Aircraft/Zodiac Aerospace, was absolutely impressive. Equipped with western electronics and Pratt & Whitney GTF engines, it demonstrated that this will not be your old "Tupolev" anymore. While the CSeries was the star of the last Farnborough show in 2008, the Canadian manufacturer is now working hard to set up the production for the new plane and consequently kept a slightly lower profile this year as the prototype obviously is not yet completed. Archrival Embraer from Brazil—although enjoying several orders—also didn't bring any remarkable planes to Farnborough. Maybe the same can be said for Mitsubishi Aircraft Corporation, but—while not very visible—their cabin mock-up showed the progress of the MRJ project.
So much for the "metal." What really matters is, of course, "money." There were few analysts who could have predicted the glut of orders announced this year, especially some of the lessors who made headlines by placing remarkable orders. After signing for 51 Airbus planes, John Leahy's company officially announced in a full-page ad that, "Steve Hazy's taken off again." Generous as always, Boeing, ATR and Embraer could also enjoy orders and MoU's from Hazy's Air Lease Corporation. CRECOM, a new leasing company from Malaysia, ordered 50 MS-21s and to the surprise of many, the ex-BCI management team, now working under the name Pearl Aircraft, signed an order for 30 Superjet 100 planes. Other major orders came from Emirates, GECAS, Aeroflot, LAN, Republic and many more. While Boeing and Airbus discussed—but not launched— re-engining projects for their narrow-body families, the "good old" A320/321 and Boeing 737-800 were selling like hot cakes at Farnborough. Most of the smart buyers of these aircraft are likely to have clauses in their contracts that will allow them to switch to any successor version, but still the "oldies" had a much better airshow compared to most of the advanced "next generation" types. Overall, Farnborough 2010 was a great success for visitors, manufacturers, lessors and airlines. Let's hope the recovery is sustainable, so next year in Par is nobody will ask the question, "What were we thinking?"
18 The official publication of the International Society of Transport Aircraft Trading
Table of Contents for the Digital Edition of Jetrader - September/October 2010
Jetrader - September/October 2010
Calendar/New
Q&A: Dr. Alan Epstein
Commercial Outlook is Up as Economies Rebound
Funding Fundamentals
Is That a Lawsuit in Your Luggage?
AFRA Sets Ambitious Challenge for Aircraft Recycling Sector
Remembering Hafthor Hafsteinsson
License to Fly
Aircraft Appraisals
From the ISTAT Foundation
Advertiser.com/Advertiser Index
Jetrader - September/October 2010 - Jetrader - September/October 2010
Jetrader - September/October 2010 - Cover2
Jetrader - September/October 2010 - A Message from the President
Jetrader - September/October 2010 - 4
Jetrader - September/October 2010 - Contents
Jetrader - September/October 2010 - Calendar/New
Jetrader - September/October 2010 - Q&A: Dr. Alan Epstein
Jetrader - September/October 2010 - Commercial Outlook is Up as Economies Rebound
Jetrader - September/October 2010 - Crisis, What Crisis?
Jetrader - September/October 2010 - The Big Question
Jetrader - September/October 2010 - Funding Fundamentals
Jetrader - September/October 2010 - Is That a Lawsuit in Your Luggage?
Jetrader - September/October 2010 - AFRA Sets Ambitious Challenge for Aircraft Recycling Sector
Jetrader - September/October 2010 - Road to Recovery
Jetrader - September/October 2010 - Remembering Hafthor Hafsteinsson
Jetrader - September/October 2010 - License to Fly
Jetrader - September/October 2010 - Aircraft Appraisals
Jetrader - September/October 2010 - From the ISTAT Foundation
Jetrader - September/October 2010 - Aviation History
Jetrader - September/October 2010 - Advertiser.com/Advertiser Index
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