OEM UPDATE

BACKLOG OVERVIEW Current Backlog by Aircraft Type Backlog vs In Service Fleet by Aircraft Class
A320 Family NEO 18,000 (Pax Only)
Ø Airbus in Dominant 737 MAX 16,000
position, 52% of the C919 14,000
current backlog A350 12,000
787
Backlog by OEM 10,000
A220
Ø Narrowbodies account 8,000
ARJ21 6%
for majority of current 777
6,000

backlogs – 64% of A330 Family NEO

4,000

aircraft on order Xian MA700

2,000
0
ATR Narrowbody Widebody Regional Jet Turbop rop
Ø With the impact of MC-21 On Ord er In Service

Covid on demand, MRJ 52%

E170/E175
airline finances and 35%
Current Backlog by Aircraft Class
E190/E195
deliveries – how stable (Pax Only)
SSJ 100
are these order books? A320 Family CEO 1,117 267
767
1,766
A330 Family CEO Airbus Boeing COMAC Embraer
DHC8
ATR Irkut Mitsubishi Sukhoi
747
CRJ
Xi'an Bombardier De Havilland
A380
11,194
737 NextGen

0 1,000 2,000 3,000 4,000 5,000 6,000 Narrowbody Widebody Regional Jet Turboprop
2019 2020

www.iba.aero > Source: IBA.iQ 1

OEM UPDATE
BACKLOG EVOLUTION
Backlog Evolution and Cancellation History
Narrowbody and Widebody Passenger Aircraft
Ø Cancellations have increased
80% 500
through 2019 and 2020
450
Ø Cancellations driven by 70%

airline failure and program 400

Backlog as % of In Service Fleet

delays

NUmber of Aircraft Orders Cancelled

60%
350
Ø Widebody used market has
50%
suffered continued 300
oversupply as new aircraft
have delivered. Backlog is 40% 250
declining
200
30%
Ø Narrowbody backlog remains
at 65% of the in-service fleet 150
20%

Ø Prospects for future orders is 100

very limited 10%

50

Ø Delivery deferrals and

0% 0
cancellations will ensue 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
YTD
NB Cancellations WB Cancellations NB Backlog as % of In Service WB Backlog as % of In Service

www.iba.aero > Source: IBA.iQ 2

OEM UPDATE
LESSOR BACKLOGS Lessor Backlog Concentrations - Narrowbody Lessor Backlog Concentrations - Regional Jets

100% 100%
Ø Following recent cancellations, the 90% 90%
Boeing 737 MAX and neo are very 80% 80%
70% 70%
closely aligned in terms of the 60% 60%
proportion of future deliveries to 50% 50%
lessors 40%
30%
40%
30%
20% 20%
Ø COMAC C919 is a lessor-heavy order 10% 10%
0% 0%
book which can have negative 737 MAX A320 Family C919 MC-21 A220 ARJ21 E190/E195 SSJ 100 MRJ E170/E175
connotations for liquidity and pricing NEO

performance
Lessor Share Airli ne Share
Lessor Share Airli ne Share
Ø Widebody lessor order book is
proportionally lower, some exposure Lessor Backlog Concentrations - Turboprops Lessor Backlog Concentrations - Widebody
to Boeing 787 and Airbus A330neo
models 100% 100%
90% 90%
80% 80%
70% 70%
60% 60%
50% 50%
40% 40%
30% 30%
20% 20%
10% 10%
0% 0%
ATR DHC8 Xian MA700 A350 787 777 A330 Family
NEO

www.iba.aero > Source: IBA.iQ Lessor Share Airli ne Share 3

Lessor Share Airli ne Share