The Blue Swan Daily brings you a roundup of the most thought-provoking and interesting comments from those industry leaders in the know.
airBaltic CEO Martin Gauss introduced an A220-300 (YL-CSK) in special livery dedicated to Lithuania:
“Today, we offer more than 80 direct routes from the Baltics. We are committed to the Baltic states and will continue our sustainable growth path helping the future development of Latvia, Estonia and Lithuania”.
Boeing chairman, president and CEO Dennis Muilenburg said the company is “still driving towards first delivery” of the Boeing 777X by the end of 2020:
“There is pressure on that schedule because of the delay in the engine and first flight”. Mr Muilenburg said Boeing and GE are “addressing engine issues” and “making some component changes”. The first flight of the 777X is expected to take place in early 2020.
General Aviation Manufacturers Association (GAMA) CEO Pete Bunce:
“While the year-to-date aircraft shipments are mixed, this should not obscure the outlook for a bright future for general aviation”. Mr Bunce additionally noted its “members remain focused” on bringing safety enhancing technology to its general aviation fleet, upgrading aircraft to meet mandates for automatic Dependent Surveillance-Broadcast (ADS-B) and datalink communications.
Chorus Aviation Inc president and CEO Joe Randall reported he is “immensely pleased” with the company’s performance in 2Q2019:
Since its launch in 2017, the company has increased its portfolio to 56 aircraft, 13 of which are expected to be delivered in 3Q2019 and a further two in 4Q2019, with the remaining aircraft expected by the end of 2020. The value of the company’s fleet of leased aircraft is now more than USD2 billion when combined with aircraft lease commitments under the CPA, with another USD2 billion in future contracted lease revenue. The regional aircraft leasing segment is also growing by approximately 20 aircraft p/a, with capacity expected to continue along a similar rate of growth in the near term. Additionally, Mr Randall noted Chorus’ plan to commit its leasing growth capital by early 2020 was accomplished “almost a year in advance”, which is a “strong indicator” of existing opportunities. Mr Randall noted the company is “well positioned” for the future.
Collins Aerospace CEO Kelly Ortberg stated the company expects electronic aircraft advancements to produce major long term growth opportunities.
Mr Ortberg said the company plans to use its new advanced electric power systems lab, known as ‘The Grid’ as a “big opportunity” to drive development. Mr Ortberg additionally noted both the civil and military aerospace hold continued growth opportunities, with the company experiencing continuing commercial aviation strength, with a lead on to OEM and aftermarket growth.