AerCap CEO says aircraft makers' output delays to last years [Reuters]
Air Lease Corporation Class A (AL)
Last air lease corporation class a earnings: 2/14 04:05 pm
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Source: Reuters
Airbus (AIR.PA) were likely to last years and that manufacturers were giving airlines too little notice about delays. Over-promising and under-delivery is likely to be an issue with manufacturers "for years to come," AerCap chief executive Aengus Kelly told the annual Airline Economics conference in Dublin. "The challenge with the OEMs (original equipment manufacturers) today is the short dated nature of how they're notifying airlines of the delays," Kelly said. "If you're an airline looking towards the summer of 2023, you've sold the seats, you've hired the crews, you've booked the slots and if the airplane doesn't show up, you're in real trouble." Some airlines are opting to buy 20-year-old aircraft rather than take a risk on new models, he said. "I think candidly that we have seen Airbus sell too much on massive optimism about what they could deliver," said Kelly, one of Airbus' largest customers. "We've seen several revisions of what Airbus thought they would deliver i
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Sec Filings
- 5/9/24 - Form 8-K
- 5/7/24 - Form 4
- 5/7/24 - Form 4
- AL's page on the SEC website