Airbus Slashes Production
- Delta, a much bigger Airbus customer than either American or United, wants to defer at least 40 deliveries scheduled for this year, Bloomberg reports. Discussions are in progress. The airline is indeed a prolific Airbus buyer, ordering A350s, A330 NEOs, A321 NEOs, and A220s. The report said Delta was separately looking to finance some near-term deliveries through sale-leaseback deals.
- According to Air Lease Corp., Airbus plans to cut its production by 234 planes this year. Boeing plans to produce 39 fewer B777s and B787s than originally planned. To these numbers, add the 1,540 B737 MAXs currently parked or supposed to be built but never were. Airlines around the world will retire an estimated 3,056 planes this year. And they’ll convert another 319 to freighters. That’s more than 5k planes that Air Lease Corp. expects will leave the market this year, accounting for more than 1m seats.