The air cargo sector is undergoing a demand slowdown due to global macroeconomic conditions. Post-Covid normalisation as well as global geopolitical crises, most notably in the form of military conflicts, have been the root cause.
Looking ahead, there is little confidence that this situation will improve drastically in the near term. This is partly due to rising interest rates and the termination of key government support programmes.
With customer demands getting more nuanced, a high level of flexibility seems to be the need of the hour. Air freight operators need to be nimble and provide solutions that lower operating costs and save time.
Here’s a quick fly-by of air cargo trends in 2024…
Hyderabad, India, January 18, 2024 – Boeing (NYSE: BA) and Akasa Air announced today the Indian carrier has placed a follow-on 737 MAX order, confirming 150 more fuel-efficient jets in its order book. The purchase of 737-10 airplanes and additional 737-8-200 jets by India’s all-737 operator was revealed at the Wings India 2024 airshow.
Akasa Air will leverage the 737 MAX family to expand its domestic and international network in the coming years. Since launching operations in 2022, the airline has captured approximately 4% of India’s domestic market, serving 18 destinations with a fleet of 22 737 MAX jets. Both 737 MAX variants will provide Akasa Air with added capacity and range on new and existing routes, while reducing fuel use and carbon emissions by 20% compared to older-generation airplanes.
As Akasa Air looks to expand its network in India and South Asia, Boeing’s 2023 Commercial Market outlook forecasts delivery of 2,705 new commercial airplanes over the next 20 years for the region, of which nearly 90% will be single-aisle jets. This order finalized in December 2023 and was unidentified on the Boeing Orders & Deliveries website.
Forward-Looking Statements
This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.
60 Rafale (*) were ordered (42 France, 18 Indonesia), compared with 92 Export Rafale in 2022.
(*) The order for an additional 18 Rafale for Indonesia entered into force on January 8, 2024 and is therefore not part of the 60-Rafale order intake for 2023.
23 Falcon were ordered, compared with 64 in 2022.
AIRCRAFT DELIVERED IN 2023
13 Rafale (11 France, 2 Export) were delivered, while 15 had been guided.
14 Rafale (13 Export, 1 France) were delivered in 2022.
26 Falcon were delivered, while 35 (*) had been guided.
32 Falcon were delivered in 2022.
(*) Certified on August 22, 2023, Falcon 6X, integrating post certification upgrades approved by EASA, has entered into service at the end of 2023.
AIRCRAFT IN BACKLOG
As of December 31, 2023, the backlog includes:
211 Rafale (*) (141 Export, 70 France) compared with 164 Rafale as of December 31, 2022,
84 Falcon compared with 87 Falcon as of December 31, 2022.
(*) The order for an additional 18 Rafale for Indonesia entered into force on January 8, 2024 and is therefore not part of the 211-Rafale backlog of December 31, 2023.
UPCOMING FINANCIAL RELEASE
Dassault Aviation Group will release on March 6, 2024 its full year results.
The above figures relate only to the number of new aircraft. The Group points out that amounts in euros will be published on March 6, 2024.
Rafale B de l’Armée de l’Air Française en opérations extérieures (Opération Serval) – Vue en vol au dessus du Mali. Equipé de la nacelle Damoclès et de GBU-12.
Cincinnati, Ohio, January 10, 2024 – OnFlight, Inc. (OnFlight) of Cincinnati, Ohio, announced today the milestone approval and authorization as an Embraer Authorized Service Center by Embraer Executive Jets. In this capacity, OnFlight further expands Embraer’s strategic network of MRO services focused on Embraer aircraft.
OnFlight, a Part 135 Charter Operator since 2000, has operated Embraer aircraft since 2011, with exclusive Embraer focus since 2016. With this announcement, OnFlight’s strategy further expands to include Part 145 Repair Station Operations dedicated entirely to Embraer aircraft. Operations are expected to commence early in Q1 2024 at the Cincinnati Lunken Airport.
Dubai Air Show, November 13, 2023– airBaltic will become the largest Airbus Group SE (Paris: AIR) A220 customer in Europe after confirming an incremental order for an additional 30 A220-300s. This new order will take the airline’s total firm orderbook to 80 aircraft.
Already operating a 44 strong fleet of A220-300s, airBaltic is currently the largest A220-300 operator in the world.
The airline’s history with the Airbus A220-300 dates back to 2016 where it was the launch customer, and in 2020, it refreshed its fleet to solely operate this aircraft type.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.
Toulouse, France, November 3, 2023 – Air Niugini, the national flag carrier of Papua New Guinea, has signed a firm order with Airbus Group SE (Paris: AIR) for six latest generation single aisle A220-100’s under its fleet modernisation program. In addition, the carrier will acquire three A220-300s and another two A220-100’s from third party lessors.
The order was announced at a special event in Port Moresby by Gary Seddon, Acting Chief Executive Officer Air Niugini and Anand Stanley, President Airbus Asia-Pacific, in the presence of the Honorable James Marape, Prime Minister of Papua New Guinea and Honorable William Duma, Minister for State Enterprises.
Air Niugini also announced that it has selected a flight planning support system from Airbus subsidiary NAVBLUE for its fleet. Called N-Flight Planning (N-FP), the solution will help the airline optimise on fuel, time and cost to meet operational needs, while ensuring overall safety and compliance.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.
Luxembourg, Historical city center in the morning, Aerial View
Sao Jose dos Campos, Brazil, October 26, 2023 – Embraer (NYSE: ERJ) has agreed to the sale of 19 new E175 jets to SkyWest, Inc. (NASDAQ: SKYW) for operation in the United Airlines (NASDAQ: UAL) network, adding to the 90 E175 jets SkyWest already operates for United. The E175 aircraft will fly exclusively with United under a Capacity Purchase Agreement (CPA). The value of the contract, which has been included in Embraer’s Q3 backlog, is US$1.1billion, based on list price.
The 70-seat aircraft will be delivered in a three-class configuration. Deliveries will begin Q4 2024.
About Embraer
A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense & Security and Agricultural Aviation. The company designs, develops, manufactures and markets aircraft and systems, providing Services & Support to customers after-sales.
Sao Jose dos Campos – Brazil, October 19, 2023– American Airlines Group (Nasdaq: AAL) has signed a firm order with Embraer SA (ADR-NYSE: ERJ) for four new E175 aircraft. The jets will be operated by American’s wholly owned subsidiary, Envoy Air. With all deliveries in Q4 of 2024, Envoy’s all E-Jet fleet will grow to over 150 aircraft by the end of 2024. The contract value is US$230.6 million at list price, and will be included in Embraer’s 2023 Q3 backlog.
The E175 entered service in North America in 2005, and has since come to dominate the sector, due to its comfort, high performance, and efficiency. Customers like Embraer’s trademark two-by-two seating, meaning no one must endure a middle seat. To date, the worldwide E170/E175 fleet has accumulated over 19.5 million flight hours with Envoy having flown 1.3 million of these hours.
Amsterdam, Netherlands, October 17, 2023 – Embraer SA (NYSE: ERJ) has signed a multi-year contract with Royal Jordanian Airlines to support a total fleet of eight E190-E2 and E-195-E2 jets with the Pool Program. The agreement will provide support for a wide range of repairable components for the jets that will be added to Royal Jordanian’s fleet. Currently, Embraer’s Pool Program supports more than 60 airlines worldwide.
Embraer provides support to airlines worldwide, with its technical expertise and its vast component services network. The results are significant savings in repair and inventory carrying costs and a reduction in warehousing space and resources required for repair management, while ultimately providing guaranteed performance levels. Embraer Services & Support’s portfolio offers a wide range of competitive solutions designed for each customer to support the growing fleet of Embraer aircraft worldwide and deliver the best after-sales experience in the global aerospace industry.
Las Vegas, Nevada, October 16, 2023, PRNewswire – Boeing Company (NYSE: BA) Business Jets (BBJ) customers have a new way to customize cabin interiors for the BBJ 737-7, reducing costs and accelerating delivery of new VIP jets, the company announced today. With BBJ Select, Boeing is offering a wide range of pre-designed cabin layouts and configurations to expedite installation, while lowering the total purchase price of the airplane. The company shared its new BBJ Select premium interiors at the National Business Aviation Association & Business Aviation Convention & Exhibition (NBAA-BACE) in Las Vegas.
From guest rooms and private offices to family rooms and VIP passenger seating configurations, customers select modules for each section of the airplane. In all, BBJ Select offers 144 unique modular cabin combinations in three different color palettes, covering the spectrum of personal, business and head-of-state airplane requirements.
Designed in collaboration with award-winning business jet completion centers Aloft AeroArchitects and Greenpoint Technologies, BBJ Select layouts eliminate costs for one-time engineering and related work for the installation of a clean sheet cabin design. To simplify the purchase experience, customers sign one contract with Boeing and the company oversees the design, build and delivery of the fully outfitted VIP aircraft.
BBJ Select cabins are exclusively available for the BBJ 737-7, the newest member of the BBJ 737 MAX family. With an unmatched combination of globe-spanning range, superior cabin space and best-in-class operating economics, the BBJ 737-7 can fly passengers over 15 hours non-stop while reducing fuel use and emissions compared to previous generation business jets. Built for daily flights, BBJs provide far higher reliability and retain more residual value compared to competitors.
