Boeing, Airbus hit back over criticism of delivery delays [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
Aircraft leasing firms have used a major industry conference to hammer manufacturers over delays. Air Lease (AL.N) executive chairman Steven Udvar-Hazy said they had "grossly misjudged" output, while one of Airbus' largest customers, AerCap (AER.N) , called the European firm's production targets "very ambitious" Mark Pearman-Wright, head of leasing and investor marketing at Airbus (AIR.PA) , said ramping up production had been more difficult than expected but that a range of unpredictable issues had not changed its route to producing 65 narrow-body jets a month in 2024 and 75 aircraft in 2025. "We've just come out of an unprecedented recession and it's followed by an unprecedented recovery, followed by a war, in addition to a lockdown of China, which has also had an impact on the supply chain," Pearman-Wright told the Airline Economics conference in Dublin. "To keep it simple, c'est compliqué (it's complicated)." To help remove the bottlenecks, Airbus has placed over 100 proc
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AL
Earnings
- 2/15/24 - Beat
AL
Sec Filings
- 4/10/24 - Form SC
- 4/5/24 - Form SC
- 4/4/24 - Form DEFA14A
- AL's page on the SEC website