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Udvar-Hazy: Don't Destroy Airbus Over A380 Mistake  
User currently offlineLeelaw From , joined Dec 1969, posts, RR:
Posted (7 years 9 months 4 weeks 7 hours ago) and read 12535 times:

WSJ 26 June 2006:

...Steven Udvar-Hazy, chairman and chief executive officer of International Lease Finance Corp., said scheduling has slipped to the point that ILFC would be within its rights to cancel five of the 10 A380s it ordered.

However, Mr. Udvar-Hazy said ILFC and other major customers for the A380 are likely to stick with Airbus.

"I don't think we want to start a run on the bank and destroy a good company that has made some adolescent mistakes," he said in an interview. "In the long term, it's in the best interest of the entire industry to have two strong players out there making jets..."


http://online.wsj.com/article/SB115126900084590071.html

This seems to be a significantly milder tone than the remarks Mr. Udvar-Hazy made to Bloomberg concerning the A380 imbroglio last week:

... He said the contract lets his company scrap the deal without penalties after a six-month delay.

``We could cancel and are considering canceling all or some of our A380 order,'' he said in a telephone interview yesterday. ``We are not happy and on safe ground to cancel the order.''


http://quote.bloomberg.com/apps/news...000006&sid=aoWD6Z3zksqk&refer=home

52 replies: All unread, showing first 25:
 
User currently offlineNAV20 From Australia, joined Nov 2003, 9909 posts, RR: 36
Reply 1, posted (7 years 9 months 4 weeks 6 hours ago) and read 12466 times:

Sounds as if Airbus have made him a pretty generous compensation offer.

What with launch prices, the devalued $US, three delays, possible performance shortfalls etc., the A380 customers must be getting pretty close to receiving free aeroplanes by now.  Smile



"Once you have flown, you will walk the earth with your eyes turned skywards.." - Leonardo da Vinci
User currently offlineJacobin777 From United States of America, joined Sep 2004, 14968 posts, RR: 60
Reply 2, posted (7 years 9 months 4 weeks 6 hours ago) and read 12433 times:

What a bunch of rubbish, he's only looking after his own investments....

He speaks from both sides of his mouth....

I've lost respect for him.



"Up the Irons!"
User currently offlineManni From South Korea, joined Nov 2001, 4221 posts, RR: 23
Reply 3, posted (7 years 9 months 4 weeks 6 hours ago) and read 12388 times:

Quoting Leelaw (Thread starter):

However, Mr. Udvar-Hazy said ILFC and other major customers for the A380 are likely to stick with Airbus.

Who's Udvar to speak in the name of these 'other major customers'? Udvar should stick to ILFC, and I doubt SQ, EK or any other A380 customer appriciates Udvar acting like their spokesman. Unless these 'other major customers' are potential customers for ILFC's A380's, who've asked for an explanation from ILFC, after Udvar's comments last week.

Quoting NAV20 (Reply 1):
the A380 customers must be getting pretty close to receiving free aeroplanes by now.

That's right, they even come with filled up tanks.  Yeah sure



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User currently offlineMariner From New Zealand, joined Nov 2001, 24635 posts, RR: 86
Reply 4, posted (7 years 9 months 4 weeks 6 hours ago) and read 12388 times:
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Quoting NAV20 (Reply 1):
Sounds as if Airbus have made him a pretty generous compensation offer.

Or maybe a few people have told him to pull his head in.

As I remember, he needs customers, too.

mariner



aeternum nauta
User currently offlineAstuteman From United Kingdom, joined Jan 2005, 9836 posts, RR: 96
Reply 5, posted (7 years 9 months 4 weeks 5 hours ago) and read 12239 times:
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Quoting Jacobin777 (Reply 2):
He speaks from both sides of his mouth....

I've lost respect for him.

Agreed

Quoting Leelaw (Thread starter):
However, Mr. Udvar-Hazy said ILFC and other major customers for the A380 are likely to stick with Airbus.

Does this then mean that yet another A380 customer has reaffirmed their commitment to their order? (in this case one that was slated to be almost certain to cancel?)

Regards


User currently offline707lvr From United States of America, joined Jun 2004, 570 posts, RR: 2
Reply 6, posted (7 years 9 months 4 weeks 5 hours ago) and read 12199 times:

Considering the number of people on the planet who do what he does for a living ... what, 5? ... I'd be interested in what he has to say, like it or not.

User currently offlineEbbUK From , joined Dec 1969, posts, RR:
Reply 7, posted (7 years 9 months 4 weeks 5 hours ago) and read 12125 times:

Quoting Leelaw (Thread starter):

"I don't think we want to start a run on the bank and destroy a good company that has made some adolescent mistakes," he said in an interview.

I love that quote from Udvar. If Airbus mistakes are "some adolescent mistakes" then his reactions have been childish.

So the next time he doesn't get exactly what he wants, perhaps, he could refrain from throwing a tantrum in public purely for attention and behave in a more adult manner.

Quoting NAV20 (Reply 1):

What with launch prices, the devalued $US, three delays, possible performance shortfalls etc., the A380 customers must be getting pretty close to receiving free aeroplanes by now. Smile

Well from Udvar's tone in previous weeks, I had the feeling that Airbus couldn't even give him the planes.


Yippee Airbus is back. Udvar likes it again, the world will follow.


User currently offlineMymiles2go From United States of America, joined Nov 2003, 207 posts, RR: 0
Reply 8, posted (7 years 9 months 4 weeks 4 hours ago) and read 12051 times:

Quoting Jacobin777 (Reply 2):
What a bunch of rubbish, he's only looking after his own investments....

He speaks from both sides of his mouth....

I've lost respect for him.

Exactly who's investments should be looking after then? Seriously...this is a business world, not a 'look at the pretty jet fly' kinda world.

You've lost respect for him because he played Airbus apparently well enough in the past week to at least publically sound as if they kissed and made up?

The fact that ILFC may have (or likely did) screw up in the first place is pretty much irrelevant. ILFC won the PR war, and apparently the behind the scenes war. There really isn't much left if you win both of those.


User currently offlineBeaucaire From Syria, joined Sep 2003, 5252 posts, RR: 25
Reply 9, posted (7 years 9 months 4 weeks 4 hours ago) and read 12051 times:

Quoting EbbUK (Reply 7):
Yippee Airbus is back. Udvar likes it again, the world will follow

At least the EADS shares have gained more than 12 % in six days - I bought the day they lost 27 % and it was one of my better investments ....



Please respect animals - don't eat them...
User currently offlineMariner From New Zealand, joined Nov 2001, 24635 posts, RR: 86
Reply 10, posted (7 years 9 months 4 weeks 4 hours ago) and read 12011 times:
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Quoting Mymiles2go (Reply 8):
ILFC won the PR war, and apparently the behind the scenes war.

What evidence is there that he has won either of those?

Most of his public war has been about the A350. Nothing seems to have changed there yet.

One of the few things he has said about the A380 is that he might cancel his order.

But he hasn't. Or it seems that he isn't.

So - what is it that he has won?

mariner



aeternum nauta
User currently offlineEbbUK From , joined Dec 1969, posts, RR:
Reply 11, posted (7 years 9 months 4 weeks 4 hours ago) and read 12011 times:

Quoting Beaucaire (Reply 9):
At least the EADS shares have gained more than 12 % in six days - I bought the day they lost 27 % and it was one of my better investments ....

Same here, a bit later for me, not that either of us would ever call it making a profit from other's misfortune.

May the rise continue


User currently offlineSeJoWa From United States of America, joined May 2006, 328 posts, RR: 0
Reply 12, posted (7 years 9 months 4 weeks 1 hour ago) and read 11659 times:

Quoting Beaucaire (Reply 9):

At least the EADS shares have gained more than 12 % in six days - I bought the day they lost 27 % and it was one of my better investments ....

The prudent time to judge your investment is after you've sold it again (not to say you weren't a savvy buyer).


User currently offlineLeelaw From , joined Dec 1969, posts, RR:
Reply 13, posted (7 years 9 months 4 weeks ago) and read 11646 times:

Quoting EbbUK (Reply 7):
ippee Airbus is back. Udvar likes it again, the world will follow.

He now prefers to be referred to as: The Lessor, formerly known as Udvar-Hazy. Big grin


User currently offlineZvezda From Lithuania, joined Aug 2004, 10511 posts, RR: 64
Reply 14, posted (7 years 9 months 4 weeks ago) and read 11605 times:

Quoting SeJoWa (Reply 12):
The prudent time to judge your investment is after you've sold it again (not to say you weren't a savvy buyer).

Indeed. Selling at the right time is far more difficult than buying at the right time.


User currently offlineLeelaw From , joined Dec 1969, posts, RR:
Reply 15, posted (7 years 9 months 4 weeks ago) and read 11512 times:

Quoting Zvezda (Reply 14):
Quoting SeJoWa (Reply 12):
The prudent time to judge your investment is after you've sold it again (not to say you weren't a savvy buyer).

Indeed. Selling at the right time is far more difficult than buying at the right time.

He ain't half as happy as I am, I've been short EADS since February and have covered 75% of the position since June 13th.  bouncy 


User currently offlineNYC777 From United States of America, joined Jun 2004, 5669 posts, RR: 48
Reply 16, posted (7 years 9 months 4 weeks ago) and read 11416 times:

Quoting Leelaw (Reply 15):
He ain't half as happy as I am, I've been short EADS since February and have covered 75% of the position since June 13th.

Nice bet!  bigthumbsup 



That which does not kill me makes me stronger.
User currently offlineKeesje From , joined Dec 1969, posts, RR:
Reply 17, posted (7 years 9 months 3 weeks 6 days 23 hours ago) and read 11130 times:

Quoting Jacobin777 (Reply 2):
What a bunch of rubbish, he's only looking after his own investments....

He speaks from both sides of his mouth....

I've lost respect for him.

Yes, he should just keep critizing Airbus on all fronts.

He is losing all credit (he build up at a.net lately).

Just now everthing seem settled, he dares to complicate things like this  Sad


http://www.airbus.com/store/photolibrary/EVENTS/SIGNATURE/att00001549/media_object_image_lowres_709X473_customersILFC7D7A8.jpg

http://www.ilfc.com/airbus.htm


User currently offlineLeelaw From , joined Dec 1969, posts, RR:
Reply 18, posted (7 years 9 months 3 weeks 6 days 23 hours ago) and read 11130 times:

Quoting NYC777 (Reply 16):
Nice bet!

Thanx, I just couldn't resist after all the long-faces on the dais at January 17th order-fest and once Mr. Leahy proposed offering cash-back on A340s.  Smile


User currently offlineTockeyhockey From United States of America, joined Feb 2005, 947 posts, RR: 0
Reply 19, posted (7 years 9 months 3 weeks 6 days 23 hours ago) and read 11050 times:

Quoting Jacobin777 (Reply 2):
What a bunch of rubbish, he's only looking after his own investments....

He speaks from both sides of his mouth....

I've lost respect for him.

haven't quite lost total respect for him -- the man is a genius. he's just backtracking a bit on his earlier statements, which he now realizes were too harsh.

and you're right, he's just looking out for his investments. since when is that a bad thing?

if airbus goes under, boeing sets monopoly pricing on all jets bigger than the emb-195. that is not a good thing for anyone in the airline industry, and it wouldn't be a good thing for the consumer or the global economy either.


User currently offlineZvezda From Lithuania, joined Aug 2004, 10511 posts, RR: 64
Reply 20, posted (7 years 9 months 3 weeks 6 days 23 hours ago) and read 10964 times:

Quoting Tockeyhockey (Reply 19):
he's just backtracking a bit on his earlier statements, which he now realizes were too harsh.

... or he's reached a different stage of the negotiations.


User currently offlineLeelaw From , joined Dec 1969, posts, RR:
Reply 21, posted (7 years 9 months 3 weeks 6 days 23 hours ago) and read 10747 times:

Quoting Keesje (Reply 17):

Keesje, was that shot taken at the Former Used-Car Salesmen Reunion or was it the latest brunch meeting of Co-Dependents Anonymous?

[Edited 2006-06-26 15:05:03]

User currently offlineDAYflyer From United States of America, joined Sep 2004, 3807 posts, RR: 3
Reply 22, posted (7 years 9 months 3 weeks 6 days 23 hours ago) and read 10619 times:

He is entitled to his opinion like everyone else. He is right that it's not worth destroying Airbus over, but that wouldn't happen anyway.


One Nation Under God
User currently offlineSpartanmjf From United States of America, joined Nov 2005, 485 posts, RR: 0
Reply 23, posted (7 years 9 months 3 weeks 6 days 22 hours ago) and read 10362 times:

Quoting Leelaw (Reply 15):
He ain't half as happy as I am, I've been short EADS since February and have covered 75% of the position since June 13th.

Bravo and congratulations!



"Nuts to the man in 21D!"
User currently offlineJohnny From Sweden, joined Jan 2008, 0 posts, RR: 0
Reply 24, posted (7 years 9 months 3 weeks 6 days 22 hours ago) and read 10315 times:

I think the meaning of that guy is not worth to listen very carefully.It is changing every week.

He is forgetting one thing:

NOT ILFC is a huge and important customer for Airbus and Boeing, all the airlines which will get their aeroplanes from ILFC together are the big customer.

ILFC is nothing more than SIXT,Eurocar, Avis or Hertz.

It sometimes sound like he wants to operate the airplanes on specific routes by himself...

I think ILFC got some pressure from some of their biggest customers to be a little bit more gentle in the media...  Wink


25 TL925 : It's said the only way to become a millionaire in the aviation industry is to start off as a billionaire. Steven Udvar-Hazy is the only person I can t
26 Par13del : Regarding the quote about destorying Airbus, is he implying that person's would set out to destroy an airline manufacturer? Is this another case of bl
27 Post contains images Leelaw : Thanx, I'm mildly regretful I didn't follow my hunch to really start selling EADS aggressively after Mr. Champions strange mutterings on the BBC's "H
28 Post contains images DL021 : Wow...it's really interesting when the Airbus fanatics come out with such harsh criticism for one of the leading aviation entrepreneurs and businessme
29 Zvezda : I'm guessing Johnny meant "Note" rather than "NOT".
30 Par13del : You have it right, I think irony is the main theme of this thread. He bashed Airbus when they "faltered" and now that they are responding he is backin
31 Post contains links Keesje : During the week Steven Udvar-Hazy dismissed the A350 he also said publicly: - "Boeing is going to have a hard time finding buyers for the passenger v
32 Sphealey : >> ILFC won the PR war, and apparently the >> behind the scenes war. > What evidence is there that he has won > either of those? You might want to go
33 Par13del : KeesJe I have one question which has been banded about for a while. If the width difference of the A320 over the B737 is such a hugh issue, should I a
34 DL021 : To be vary fair his English is probably 1000 times better than my German, so I was just looking to clarify his meaning in that sentence. I'm willing
35 Jaysit : And his investments run into the billions. Of course, he must look after his own investments. He's a businessman after all, and one of Airbus' larges
36 NADC10Fan : I see important stuff getting lost in all the extraneous sound and fury. Very important points, here, regardless the messenger. Cancelling A380 orders
37 Stitch : The last thing ILFC wants is for their A380s and A380Fs to sit on the tarmac as "white tails", costing them money. So if Udvar-Hazy was harsh with Air
38 Post contains links and images Keesje : Damn sure! Do you see him often? http://www.starwars-tw.com/story/character/jedi/yoda_ep1.jpg Perhaps Steven was surprized a bit about the media lift
39 Schipholjfk : Slight difference... people can afford to buy cars. Most people rent cars when they are out of town when they are unable to take their own car with t
40 Mariner : Yes, indeed. Perhaps that is what Mr. Udvar-Hazy is doing now. What does that have to do with what I wrote? What does that have to do with Mr. Udvar-
41 Jacobin777 : just find his comments to be a bit "off-the-hook"......on one end he raves about his purchases, then a few months later he disses then....seen this o
42 Rob878 : He still said he is going to stick with airbus... which is pretty generous from his side. There is a reason people sign contracts, other wise people
43 MD-90 : I seem to remember United initially ordering the DC-10 because it was not in UAL's best interests to have Douglas go under...and that was publically s
44 Post contains images Jacobin777 : that's my opinion.....I'm sure your opinions on A.net don't matter all too either..or should I say....they are probably "amusing".....
45 Post contains images N600RR : (emphasis added) I notice he said "likely to", not "definitely going to", which doesn't completely close the door....
46 Mariner : So - a.netters aren't supposed to think for themselves, to have their own view of things? In my (humble) opinion, Steven Spielberg made a couple of g
47 L1049A : A couple of business fundamentals: 1) Don't promise something you can't deliver and 2) if you promise and don't deliver you likely will face cancellat
48 Keesje : I'm surprized by the extreme judgements & far reaching conclusions / forecasts some people make at a result of slipping a date. The 787 will probably
49 Post contains links Leelaw : In the past, major "slips" in the delivery of aircraft from a "new program" have almost always been directly attributable to problems with the powerp
50 Keesje : Boeing had some real issues with the 777 cabin systems just like with the A380. Boeing created BAS Aircraft Services as a result of it. GEC Marconi w
51 Leelaw : The situations don't seem at all comparable it terms of scope, severity, or impact. Certainly, it never shaved a minimum of $500M-$1B from Boeing's b
52 Post contains links Keesje : Leelaw lets freeze this Boeing trade value: BOEING CO (NYSE:BA) Delayed quote data Last Trade: 83.89 Trade Time: Jun 26 Did the same a few weeks ago
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