The Coming Single-Aisle, Narrow-body Aircraft Bonanza
This article describes the lucrative market for single-aisle narrow-body (SANB) commercial aircraft for the next 20 years. The SANB market has been the most lucrative for engine manufacturers. Boeing’s 737 and Airbus’s A320 families are powered by twin 30,000 pounds-thrust engines from CFM International or from International Aero Engines number in the many thousands. Of the 19,400 airplanes now in the worldwide air transport fleet, according to Airbus, for aircraft above 100 seats, 87% of all routes flown and 78% of all seats offered are in SANB airplanes. With the single-aisle jet liner market at record levels, not surprisingly, new players want a piece of this Boeing/Airbus duopoly pie. Both Airbus and Boeing have relied extensively over the last few years on customer financing support from export credit agencies such as the U.S. Export–Import Bank. The Russian and Chinese jets are government funded. Bombardier is getting Canadian and provincial government aid to develop the CSeries.