Francois Chazelle, Airbus Corporate Jets The big stuff ...Francois Chazelle, Airbus Corporate Jets....
Transcript of Francois Chazelle, Airbus Corporate Jets The big stuff ...Francois Chazelle, Airbus Corporate Jets....
February 2014
The big stuff: the investment value of bizliners
Francois Chazelle, Airbus Corporate Jets
ACJs are only in the top end of the market
Size
Value
ACJs are derived from the most modern airliner family
... and benefiting from the experience of over 7,000 Airbus delivered
A330/A340/A350 FamilyA320 Family A380 Family
A320 ACJ320
A319 ACJ319
A318 ACJ318A330 ACJ330
A350 ACJ350
A340 ACJ340
A380 ACJ380
A321 ACJ321
A unique market positioning
Bizliners offers a unique upgrade and/or alternative solution
Based on public prices and volumes. Including cabin
7X
Glob. 5000
Glob. 6000
Glob. 7000
Glob. 8000
G450
G500
G550
G650
Lineage
BBJ1
BBJ2
ACJ318
ACJ319
ACJ320
20
30
40
50
60
70
80
90
100
0 50 100 150 200 250
Pri
ce (
M$)
Cabin Volume (m3)
ACJ customers
A well balanced customer base
ACJ Charter operators
NB: excludes all ACJs operated by governments, airlines or private owners without the support of a management company
24 VIP charter aircraft with 15 operators
November 2013
Emirates Executive Airbus ACJ319 is…
…1st bizjet with mini-suites
ACJ Management companies
NB: excludes all ACJs operated by governments, airlines or private owners without the support of a management company
15 management companies operating private ACJs
0
10
20
30
40
50
60
70
80
90
100
Dec
-04
Feb-0
5
Apr
-05
Jun-
05
Aug
-05
Oct-0
5
Dec
-05
Feb-0
6
Apr
-06
Jun-
06
Aug
-06
Oct-0
6
Dec
-06
Feb-0
7
Apr
-07
Jun-
07
Aug
-07
Oct-0
7
Dec
-07
Feb-0
8
Apr
-08
Jun-
08
Aug
-08
Oct-0
8
Dec
-08
Feb-0
9
Apr
-09
Jun-
09
Aug
-09
Ind
ex
ed
av
g.
Sh
are
pri
ce
%
AVG Airlines AVG CJ Customers
ACJ customers are less volatile
Airlines vs. Corporate Jet customers
Grouped average
stock values
Selection of large
FTSE 100
companies owning
Large business jets
Selection of top
airline customers
with Airbus aircraft
Bloomberg data
Corporate Jet customers are less sensitive to changes in the economy
Bizliner customers are a class above
Operators and owners of Bizliners have a higher net worth and are less sensitive to
fluctuating economic conditions and shareholder pressure
Ultra High Net Worth Individuals and governments therefore make independent decisions
This means Bizliner customers present a better credit risk
ACJ320
19-50 passengers
4,300 nm
ACJ318
14-19 passengers
4,200 nm
ACJ319
19-30 passengers
6,000 nm
Overview of the Airbus Corporate Jet Family
8 pax and NBAA rules, Range shown without sharklets
Same wide cabin, three different lengths
Travel in the widest, tallest cabin in the market
Air
bu
s A
CJ
Fa
mil
y
Bo
ein
g B
BJ
Em
bra
er L
inea
ge
Gu
lfst
rea
m G
65
0
Bo
mb
ard
ier G
lob
al
60
00
Gu
lfst
rea
m G
45
0/G
550
ACJ318
ACJ319
ACJ320
31.44 m/103 ft 2 in
33.84 m/111 ft 0 in
37.57 m/123 ft 3 in
2.40 m/7 ft 10 in
Longer than ACJ318
3.73 m/12 ft 3 in
Longer than ACJ319
ACJ Family market split
Thanks to their versatility the ACJ318 and ACJ319 are the most popular models
Net orders as of December 2013
ACJ31978
ACJ31822
Rio De Janeiro
LondonMoscow
Honolulu
New York
Dubai
Luanda
Tokyo
Los Angeles
ACJ Family range around London
8 pax
85% max headwinds
200nm diversion
NBAA IFR reserves
ACJ318
ACJ320
ACJ319
(*) Exclusive to ACJ319 and not retrofitable
Structural provisions for SATCOM Aero I/H+
Emergency Locator Transmitter supply and installation
Dual HF system supply and installation
Design weights increased
(e.g. MTOW from 64t up to 76.5t)
Installation of forward heated floor panels
ETOPS 180 min
Airstairs (*)
Highest thrust engines
41,000 ft altitude
ceiling (*)
Installation of 4 additional
centre tanks (ACTs) (*)
(capability up to 6)
Installation of a specific Cargo
Loading System (CLS) for ACTs
Installation of a specific
Fuel System (*)
Airframe structural reinforcements
(*)
Rich & exclusive specifications
ACJ318 optimized layout
Standardized layout with pre-engineered selectable options
Layout shown may include potions
Galley Entourage areaCrew rest Option
Lounge area
Dining areaGuest lavatory (option)
Private officeDouble bed option
Washroom
Elite+ layout19 passengers
Aircraft and outfitting sold as a turnkey package by Airbus
Includes Lufthansa Technik installation of Elite+ cabin outfitting under Airbus supervision, for
which Airbus has an exclusive
Transfer Of Title of green aircraft prior outfitting, allowing creation of a mortgage (or other
liens) on the aircraft for financing purposes
* Bizjet is a Lufthansa Technik subsidiary
ACJ318 is offered as a turnkey package
Unmatchable pricing point for a unique entry level product
ACJ319 Exclusive cabin concept has widespread appeal
Comfortable and practical layout
Saves customer time and effort
On display in Airbus mockup centre in Toulouse
Certificated for public transport
Exclusive cabin concept is widespread
ACJs (<20 pax layout) delivered since lauch of the Airbus cabin concept Dec. 2004
Multitude of choice for fixtures & fittings
Same cabin layout & structure
Easy to refurbish at less than
10% of the cost for a new cabin
Exclusive cabin concept is highly flexible
A worldwide range of Airbus approved cabin outfitters
San AntonioDallas
Woensdrecht Hamburg
BasleToulouse
Xiamen
Indianapolis
ACJs continue to improve as a member of the A320 family
300 million Euros are invested every year to maintain Airbus leadership
HUD: Head Up Display RNP: Required Navigation Performance ROPS: Runway Overrun Protection System OANS: On-board Airport Navigation system
201220112010200920082007
GPS Landing
system
OANSEFB
ROPS
Carbon fiber
brakes as std
Maintenance
programme
HUD
Extended Service
GoalSharklets
78t A320
Engine improvements
Aerodynamic
improvements
RNP 0.1
ROW/ROPS being offered as safety enhancement
Runway overrun warning (ROW)
Enables timely go-around
Runway overrun prevention (ROP)
Maximises stopping ability
Sharklets design
Provisions standard from Q1 2013
Line fit from Q1 2014
• Single piece design
• Innovative materials
• Manufactured by KAL
CFRP panels with full-
depth cores
CFRP panels with
Honeycomb cores
(Upper and lower panels)
CFRP laminated spars
AL diverter
strips
Tip-Cap
Rib-27A
Strobe
light
Navigation
light
1st ACJ319 with Sharklets was delivered in October 2013
Worldwide support
Expert support, whenever you want, wherever you need
Airbus centre
CAE Training centre
99.9% Operational reliability
5 Airbus Training centres(Toulouse, Miami, Hamburg, Beijing and Bangalore)
19 Training centres with CAE
6 Spares Centres(Hamburg, Frankfort, Washington, Beijing,
Singapore and Dubaï)
Dedicated 24/7 Customer Front Desk service: ACJ Exclusive
245 Airbus Field representative located in 167 stations
Main Airbus Field Representative
99.8%
ACJ Excellent operational reliability and availability
With over 100 ACJ318/319/320 in-service, ACJ operators typically fly between
200 (private owner) and 1,100 (VIP charter operators) FH/year.
Airframe Maintenance
No downtime before 20 months
High maintenance intervals
Low maintenance downtime
CHECKS CHECK INTERVAL MANHOURS DOWNTIME
ESTIMATES
Daily 36 h 6 -
Weekly 8 Days 12 -
A 600 FH/4 months 106 -
C (AVG) 20 Mths 1,182 3 days
4C/6Yr 6 Years 5,750 14 days
8C/12Yr 12 Years 10,235 26 days
Modern and efficient engines
ACJ319 engines have a larger fan area and a higher bypass ratio
= Lower fuel burn
= Better Efficiency
EngineFan
diameter
Bypass
Ratio
ACJ319 CFM56-5B 68 in 5.9:1
BBJ CFM56-7B 61 in 5.1:1
G650 BR725 50 in 4.4:1
Global
XRSBR710 48 in 4.2:1
ACJ319–CFM56-5B
68in
Most VIP operators will not have to remove the engine on ACJ318, ACJ319, or ACJ320
While they eventually will on a BBJ, Gulfstream or Global
New aircraft market value
Values: ASCEND V1 Oct 2011 (Except Global Express, G650: 2010 values; Lineage: Airbus estimate) Range: 8 pax NBAA profile
ACJ represents best value for money
Range x Volume / Market value
ACJ Family 2nd hand inventory never exceeds a handful of aircraft
ensuring strong markets values
Low ACJ inventory further helps maintain strong residuals
Source Aircraft produced : From Airbus and Boeing websites as of December 2013
Source Inventory : From controller.com as of December 2013.
Criteria: delivered aircraft up to 2013 included, excluding aircraft shown as owned by Airbus and Boeing
ACJ318 ACJ319 ACJ320 ACJ321 ACJ TOTAL BBJ BBJ2 BBJ3 BBJ TOTAL
Aircraft produced 19 76 12 1 108 106 19 6 131
Inventory 0 2 0 0 2 15 0 0 15
% on inventory 0% 2.6% 0% 0% 1.9% 14,1% 0% 0% 11.5%
Airbus ACJs show strong residual values
Strong residual values sustained throughout the aircraft life
Source for residual value curves: ASCEND , Oct 2012.
Based on Full Life Base Values Inflated
Source for latest transactions: Airbus Corporate Jets
• Average Annual Depreciation
according to ASCEND:
ACJ318 : 1.9%
ACJ319 : 2.5%
Age
• ACJ transaction prices
observed on the secondary
market confirm that trend
ACJs are low-risk strong assets
ACJs retain their resale values extremely well
ACJs are easier to re-market thanks to:
A Strong worldwide network of VIP charter operators and management companies
A Highly versatile cabin layout allowing cost-effective refurbishment
Ease of ACT reconfiguration (unique to Airbus) to match broader mission requirements
Airbus ACJ330 & ACJ340
Gala concept
Widebodies
VVIP section for elegant comfort & privacy
Large premium & economy seating for guests & staff
"Nonstop to the world" range
ACJ330/ACJ340 Gala concept meets most VVIP needs
Beijing
Johannesburg
Lagos
Moscow
New YorkRiyadh
SantiagoSao Paulo
Singapore
Sydney
Papeete
Executive seats Staff seats
Bathroom Bedroom Office Conference
Airbus A330 & A340
Executive seatsVVIP
Door 1 Door 2 Door 3 Door 4
Gala cabin concept combines VIP & airline-style seating
$
$$
More value for your money