Jet leasing shake-up looms as AerCap and GE unit discuss tie-up metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.
Dial back optimism
The decision marks a retreat from the optimism shown in October, when Airbus told suppliers to prepare for a sharp increase in narrow-body rates in the second-half of 2021. Since then, fast-spreading variants of the virus have sent case counts soaring, despite the start of vaccine rollouts. Tightened borders have forced airlines to pull back on schedules, raising concerns that a hoped-for summer rebound in air travel will be delayed.
Sandy Morris, an analyst at Jefferies, said the impact on 2021 deliveries from the adjustment should be modest, while Rob Stallard at Vertical Research Partners said any increase in production was an encouraging sign in the circumstances.
Airbus slows production ramp-up, citing virus hit to demand bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
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Boeing didn’t deliver any of its popular 787 wide-body jets in December. One analyst blames it on a quality problem the company is working through on its revolutionary composite skinned jet.
Melius Research analyst Carter Copeland commented on the delivery goose egg in a Thursday research report after pointing out his institutional-investing clients asked him what it meant for the stock. “The primary issue is associated with ongoing structural inspections looking to find and fix small gaps in fuselage joins of aircraft within.
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Boeing didn’t deliver any of its popular 787 wide-body jets in December.
An all-new plane would, frankly, be a bit of a surprise coming out of the pandemic. Boeing has talked about plans for what it has called a new medium-size aircraft, or NMA, since 2017, but no decision about development has been announced. Even the size of that plane isn’t set in stone. Originally, industry executives expected it to be a twin-aisle jet, but others have said more recently that it might be a single-aisle plane.
Boeing, Airbus, and GE didn’t immediately respond to requests for comment.
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