Last month AerCap CEO Gus Kelly revealed that the ME3 carriers have entered discussions with Airbus and Boeing about aircraft deferrals.
AerCap chief Gus Kelly says the Gulf carriers are talking to Airbus and Boeing about deferrals. Could be hit to 777X, other programmes.
What could this mean for future production rates at Airbus and Boeing? With Emirates A350/787 decision off the table, it's starting to look like the ME3 have too many aircraft on order.
It was about time, the bubble had to burst. The ME3 placed orders like the sky had no limit.
Already airlines are converting to smaller (widebody) aircraft, CX and UA from A35K to A359, BA from 787-9 to 787-8, and/or deferring deliveries.
I suspect EK tried to combine the A350/787 order with conversions from bigger aircraft already on order. When Airbus/Boeing didn't give, EK shelved the order. A380s have already been deferred, 77W's can't really be deferred as the 777X is nearing EIS. I wouldn't be surprised to see EK/QR negotiating new delivery schedules for their 777X order.
EY has overordered massively. Heard rumors about leasing part of their 787 fleet out to TK. I think EY felt they could place a large part of their A350/787 orders with airlines they bought a stake in like AB, 9W, Alitalia. I think they really don't know what to do now.
Reducing production rates is something Airbus nor Boeing wants, both have development cost to recoup from their recent new products. But I think they have to. 12 a month for the 787 cannot be sustained. The A350 and 777X production ramp ups will need to be reconsidered.
146,318/19/20/21, AB6,332,343,345,388, 722,732/3/4/5/G/8,9, 742,74E,744,752,762,763, 772,77E,773,77W, AT4/7,ATP,CRK,E90,F50/7