ILFC boss forecasts airframe production cuts International Lease Finance Corp (ILFC) chairman and CEO Steven Udvar-Hazy has projected that both Airbus and Boeing will cut production over the next two years by as much as 30-35 per cent. Airbus currently plans to produce close to 500 aircraft this year, while Boeing's target is 480-485 units, but just last week Airbus revealed that it had 12 order cancellations in January - three A318s, two A319s, three A320s and four A321s - while booking just … [Read more...] about ILFC boss forecasts airframe production cuts
Boeing
Boeing to go ahead with B747-8F
Boeing last week insisted it was going ahead with production of its planned B747-8 aircraft, despite reports questioning the airframe manufacturers commitment. The next-generation 'Jumbo' has been met with luke-warm interest on the passenger side, with slightly better interest coming from the cargo market, but reports suggested a decision on whether production would go ahead remained in the balance, due to a low level of orders for the Intercontinental passenger version. The redesigned and … [Read more...] about Boeing to go ahead with B747-8F
Dubai lessor cuts 787 order
Dubai-based lessor, LCAL, established in 2004 to buy and lease 787s, cut its Dreamliner order from 21 aircraft to five. The 16 cancellations are another blow to the ongoing troubles surrounding the Dreamliner and are valued at US$2.8 billion. This is the second big 787 order cut revealed in the last two weeks after Russia's S7 confirmed last week that it had cancelled its order for 15 Dreamliners. … [Read more...] about Dubai lessor cuts 787 order
S7 cancels Dreamliners
Russian airline S7 has cancelled a contract to buy 15 Boeing 787 Dreamliners for delivery in 2014 and will seek to lease the planes instead. "S7 retains interest in using the Dreamliner and wants to take the planes under a leasing scheme at an earlier date, for which it is in negotiations with several leasing companies," the airline said. … [Read more...] about S7 cancels Dreamliners
Airbus tops Boeing deliveries in ’08 but predicts soft ’09
European aircraft maker Airbus once again took top spot in global airliner production for the sixth year running in 2008, with a 7 per cent rise in deliveries, to a record 483 planes. Deliveries comprised 386 A320 family aircraft, 85 A330s/A340s and 12 A380s. Its US rival, Boeing, delivered 375 planes in 2008 after a machinists' strike halted commercial aircraft production for 58 days. Airbus booked 777 net aircraft orders in 2008, down from 900 after 123 cancellations, topping Boeing's 662 net … [Read more...] about Airbus tops Boeing deliveries in ’08 but predicts soft ’09
Airbus tops Boeing deliveries in '08 but predicts soft '09
European aircraft maker Airbus once again took top spot in global airliner production for the sixth year running in 2008, with a 7 per cent rise in deliveries, to a record 483 planes. Deliveries comprised 386 A320 family aircraft, 85 A330s/A340s and 12 A380s. Its US rival, Boeing, delivered 375 planes in 2008 after a machinists' strike halted commercial aircraft production for 58 days. Airbus booked 777 net aircraft orders in 2008, down from 900 after 123 cancellations, topping Boeing's 662 net … [Read more...] about Airbus tops Boeing deliveries in '08 but predicts soft '09
