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JetBlue To Defer 21 Airbus Aircraft  
User currently offlineKarlB737 From United States of America, joined Mar 2004, 3133 posts, RR: 10
Posted (6 years 6 months 3 days 12 hours ago) and read 9493 times:

This is not a shocker. I think you will see more deep cuts from all airlines in the days ahead. They have no choice to cut anything and everything they can to stay in the air.

Press Release Source: JetBlue Airways Corporation

JetBlue Airways Announces Deferral of 21 Airbus A320 Aircraft
Tuesday May 27, 4:26 pm ET

NEW YORK, May 27, 2008 (PRIME NEWSWIRE) -- JetBlue Airways Corporation (NasdaqGS:JBLU - News) announced today that it plans to defer 21 Airbus A320 aircraft originally scheduled for delivery between 2009 through 2011 to 2014 through 2015.

''In the face of escalating fuel costs, we believe it is essential to take a more financially conservative approach to managing our business,'' said Dave Barger, JetBlue's CEO. ''The aircraft deferrals we announced today will help us further moderate our growth rate in 2009 and beyond, which will enhance liquidity and defer future debt obligations.

''We would like to thank our partners at Airbus and International Aero Engines for their continued support and commitment to the long-term success of JetBlue,'' said Barger.

27 replies: All unread, showing first 25:
 
User currently offlineMoo From Falkland Islands, joined May 2007, 4057 posts, RR: 4
Reply 1, posted (6 years 6 months 3 days 12 hours ago) and read 9434 times:



Quoting KarlB737 (Thread starter):
''We would like to thank our partners at Airbus and International Aero Engines for their continued support and commitment to the long-term success of JetBlue,'' said Barger.

Meanwhile Airbus Salesmen John Leahy rubs his hands together and ponders who to call to offer 21 relatively close A320 family slots to.


User currently offlineAirPortugal310 From Tokelau, joined Apr 2004, 3681 posts, RR: 2
Reply 2, posted (6 years 6 months 3 days 12 hours ago) and read 9367 times:



Quoting Moo (Reply 1):
Meanwhile Airbus Salesmen John Leahy rubs his hands together and ponders who to call to offer 21 relatively close A320 family slots to.

And so may start the birth of the A.Net LLC dream....



I sell airplanes and airplane accessories
User currently offlineTVNWZ From United States of America, joined Feb 2006, 2405 posts, RR: 2
Reply 3, posted (6 years 6 months 3 days 12 hours ago) and read 9351 times:



Quoting Moo (Reply 1):
Meanwhile Airbus Salesmen John Leahy rubs his hands together and ponders who to call to offer 21 relatively close A320 family slots to.

Who also have no money for planes right now.


User currently offlineMoo From Falkland Islands, joined May 2007, 4057 posts, RR: 4
Reply 4, posted (6 years 6 months 3 days 12 hours ago) and read 9227 times:

Quoting TVNWZ (Reply 3):
Who also have no money for planes right now.

When was Emirates LCC supposed to start up?

To answer my own question - summer 2009. I think I know where the first phone call will be to...

[Edited 2008-05-27 14:02:46]

User currently offlineLarshjort From Denmark, joined Dec 2007, 1508 posts, RR: 0
Reply 5, posted (6 years 6 months 3 days 12 hours ago) and read 9180 times:



Quoting Moo (Reply 1):
Meanwhile Airbus Salesmen John Leahy rubs his hands together and ponders who to call to offer 21 relatively close A320 family slots to.

I think BA would like at least 2

/Lars



139, 306, 319, 320, 321, 332, 34A, AN2, AT4, AT5, AT7, 733, 735, 73G, 738, 739, 146, AR1, BH2, CN1, CR2, DH1, DH3, DH4,
User currently offlineRbgso From United States of America, joined Jun 2006, 599 posts, RR: 0
Reply 6, posted (6 years 6 months 3 days 12 hours ago) and read 9128 times:

The Skybus fiasco also freed up some near-term delivery slots as well, didn't it?

User currently offlineMoo From Falkland Islands, joined May 2007, 4057 posts, RR: 4
Reply 7, posted (6 years 6 months 3 days 11 hours ago) and read 9103 times:



Quoting Rbgso (Reply 6):
The Skybus fiasco also freed up some near-term delivery slots as well, didn't it?

No, because they have yet to be cancelled. Do not expect those slots to become available this year - cancellations can take a while, even when the airline in question is not in bankruptcy protection.


User currently offlineIkramerica From United States of America, joined May 2005, 21562 posts, RR: 59
Reply 8, posted (6 years 6 months 3 days 11 hours ago) and read 9062 times:



Quoting Moo (Reply 1):
Meanwhile Airbus Salesmen John Leahy rubs his hands together and ponders who to call to offer 21 relatively close A320 family slots to.

Yes and no. We have these, we have Skybus, there will be others, and no salesman is eagerly anticipating deferrals and cancelations just because it opens up slots.

As for EK, there are hundreds upon hundreds of A320s and 737s booked by leasing companies around the world, and one expects that EK already has some of these locked up. But maybe those leasing companies want to trade spots with B6?



Of all the things to worry about... the Wookie has no pants.
User currently offlineVirgin747LGW From United Kingdom, joined Mar 2007, 225 posts, RR: 0
Reply 9, posted (6 years 6 months 3 days 11 hours ago) and read 9060 times:



Quoting TVNWZ (Reply 3):
Who also have no money for planes right now.

yea...unless theyre not american


User currently offlineMoo From Falkland Islands, joined May 2007, 4057 posts, RR: 4
Reply 10, posted (6 years 6 months 3 days 11 hours ago) and read 8961 times:



Quoting Ikramerica (Reply 8):
Yes and no. We have these, we have Skybus, there will be others, and no salesman is eagerly anticipating deferrals and cancelations just because it opens up slots.

No salesmen is eagerly anticipating deferrals, but you cannot deny however that 21 close slots are likely to go like hotcakes, probably all to one or two clients - these slots are likely to be the easiest sale a salesman has made in a while.

Quoting Ikramerica (Reply 8):

As for EK, there are hundreds upon hundreds of A320s and 737s booked by leasing companies around the world, and one expects that EK already has some of these locked up. But maybe those leasing companies want to trade spots with B6?

That doesn't mean EK isn't looking to own.


User currently offlineGr8SlvrFlt From United States of America, joined Jan 2002, 1608 posts, RR: 10
Reply 11, posted (6 years 6 months 3 days 11 hours ago) and read 8922 times:

So does B6 still have any planes scheduled for delivery in '08 or '09?

User currently offlineB6fll From , joined Dec 1969, posts, RR:
Reply 12, posted (6 years 6 months 3 days 9 hours ago) and read 8613 times:

I still believe that Jetblue is still in the best shape moving foward only behind Southwest....Definetly alot better than the legacies. With that being said Im still hoping I get in to Southwest soon. I love Jetblue and have been here six years but Im starting to get nervous. There are no more growth plans, which I know there arent many at any airline right now but at least with Southwest you know you will have a future. I believe Jetblue will pull through!

User currently offline7673mech From United States of America, joined Mar 2004, 736 posts, RR: 0
Reply 13, posted (6 years 6 months 3 days 4 hours ago) and read 7700 times:
Support Airliners.net - become a First Class Member!



Quoting Virgin747LGW (Reply 9):
yea...unless theyre not american

Unfortunately for ALL airlines - it will only take time until the fuel costs hit.
BA has already announced this years numbers will be down and it is parking aircraft.

While US carriers are hurting now -it will eventually affect all - though it doesn't seem like it at times - the economy is global.


User currently offlineTristarCrazy From United States of America, joined Feb 2007, 323 posts, RR: 0
Reply 14, posted (6 years 6 months 3 days 4 hours ago) and read 7625 times:



Quoting 7673mech (Reply 13):

While US carriers are hurting now -it will eventually affect all - though it doesn't seem like it at times - the economy is global.

Maybe when their $50, $60, $70, etc. a barrel fuel hedging contracts run out?? They can't last forever....

What is EK and the other Arab country airlines paying for fuel? $.50 a barrel??lol



717,722,732,733,737.738,739,742,744.752,763,764,772,L10,L15,DC3,DC6,DC8,DC9,DC10,MD11,MD80,MD90,CV880,A310,A319,A320.A33
User currently offlineJacobin777 From United States of America, joined Sep 2004, 14968 posts, RR: 59
Reply 15, posted (6 years 6 months 3 days 4 hours ago) and read 7479 times:



Quoting Virgin747LGW (Reply 9):

Quoting TVNWZ (Reply 3):
Who also have no money for planes right now.

yea...unless theyre not american

..all carriers are starting to feel the "squeeze" now..

Quoting TristarCrazy (Reply 14):

What is EK and the other Arab country airlines paying for fuel? $.50 a barrel??lol

,,no, $.25 a barrel... sarcastic ...



"Up the Irons!"
User currently offline727forever From United States of America, joined Jan 2006, 793 posts, RR: 5
Reply 16, posted (6 years 6 months 3 days 4 hours ago) and read 7372 times:



Quoting B6fll (Reply 12):
I still believe that Jetblue is still in the best shape moving foward only behind Southwest....Definetly alot better than the legacies. With that being said Im still hoping I get in to Southwest soon. I love Jetblue and have been here six years but Im starting to get nervous. There are no more growth plans, which I know there arent many at any airline right now but at least with Southwest you know you will have a future. I believe Jetblue will pull through!

How many times can one a.netter contradict themselves in one posting? Joking with you but I do agree with you short term while I disagree with you long term. Eventually all hedges run out unless replaced. WN will eventually be on the same playing field with everyone else but their resistance to changing their business model and their labor costs per available revenue will come back to bite them. That is unless all of the other airlines go belly up first. B6 is an airline based upon rapid growth so it will be interesting to see how it copes with no growth.

727forever



727forever
User currently offlineIkramerica From United States of America, joined May 2005, 21562 posts, RR: 59
Reply 17, posted (6 years 6 months 3 days 3 hours ago) and read 7041 times:



Quoting Virgin747LGW (Reply 9):
yea...unless theyre not american

Or European. Or Asian, since the region seems to be slowing down all of a sudden.

Quoting 7673mech (Reply 13):
BA has already announced this years numbers will be down and it is parking aircraft.

QF/JQ just announced reductions of 744 flying, retiring of 743, trimming of 737, 767 and A320 fleet, and deferral of A321 delivery.

So, despite Moo's enthusiasm, I doubt Leahy is jumping for joy that B6 has deferred 21 aircraft. Because while EK might want some, and some other carriers might as well, the majority of carriers around the world will NOT be accelerating the delivery of any aircraft and many will be deferring them as well.

I predict that Airbus and Boeing may have to SLOW production of their narrowbodies because they may have huge backlogs, most of their customers will not be eager to accelerate deliveries in the short term.

We will see hundreds more narrowbody cancelations and deferrals in short order. We've already seen quite a few. The USA is just the first wave…



Of all the things to worry about... the Wookie has no pants.
User currently offlineManfredj From United States of America, joined Mar 2007, 1132 posts, RR: 0
Reply 18, posted (6 years 6 months 2 days 19 hours ago) and read 5165 times:



Quoting KarlB737 (Thread starter):
we believe it is essential to take a more financially conservative approach to managing our business,

Where was this conservatism when fuel prices were at acceptable levels? Whatever happened to saving for a rainy day? It seems to me that airlines have a difficult time grasping the 10 years of feast 10 years of famine this industry is prone to.

Either it's the stockholders putting the pressure on the executives for constant growth, or greed in the market place. I've never understood the need for the constant upgrading and expanding airline CEO's find necessary. Look what happens in the long run....large growth followed by even larger downsizing.



757: The last of the best
User currently offlineChiGB1973 From United States of America, joined Mar 2004, 1619 posts, RR: 1
Reply 19, posted (6 years 6 months 2 days 16 hours ago) and read 4302 times:



Quoting B6fll (Reply 12):
I still believe that Jetblue is still in the best shape moving foward only behind Southwest

http://biz.yahoo.com/ap/080528/jetblue_airways_out_of_the_gate.html

I don't know that I would put it right behind WN. Maybe, the industry is crappy.

M


User currently offline7gm7 From United States of America, joined May 2008, 71 posts, RR: 0
Reply 20, posted (6 years 6 months 2 days 14 hours ago) and read 3573 times:



Quoting Virgin747LGW (Reply 9):
yea...unless theyre not american

If grounding is a pre-cursor to deferring orders, than non U.S. carriers are certainly soon to follow.....

http://www.travelbite.co.uk/news/tra...lanes-save-fuel-costs-$1224754.htm


User currently offlineCRJ900 From Norway, joined Jun 2004, 2219 posts, RR: 1
Reply 21, posted (6 years 6 months 1 day 23 hours ago) and read 2756 times:
Support Airliners.net - become a First Class Member!

Will they defer E190 deliveries too? Might Neeleman's new Brazilian airline take any B6-deferred E190s?


Come, fly the prevailing winds with me
User currently offlineAstuteman From United Kingdom, joined Jan 2005, 10174 posts, RR: 97
Reply 22, posted (6 years 6 months 1 day 23 hours ago) and read 2735 times:
Support Airliners.net - become a First Class Member!



Quoting Ikramerica (Reply 17):
So, despite Moo's enthusiasm, I doubt Leahy is jumping for joy that B6 has deferred 21 aircraft

http://www.airliners.net/aviation-fo...eneral_aviation/read.main/4003168/

"New Airbus Client: KD-Avia For 25 X A319"

Wonder if there's any connection..  scratchchin   Wink

Rgds


User currently offlineB6fll From , joined Dec 1969, posts, RR:
Reply 23, posted (6 years 6 months 1 day 18 hours ago) and read 2563 times:

No official announcement yet but Im pretty sure the will start selling and deferring the E-190's.

User currently offlineTN757Flyer From , joined Dec 1969, posts, RR:
Reply 24, posted (6 years 6 months 1 day 14 hours ago) and read 2429 times:



Quoting Manfredj (Reply 18):
Where was this conservatism when fuel prices were at acceptable levels? Whatever happened to saving for a rainy day? It seems to me that airlines have a difficult time grasping the 10 years of feast 10 years of famine this industry is prone to.

I agree, but lets be honest, previous "down" cycles have never had oil prices at this level. This one is unprecedented. I've no doubt airline management knows how cyclical the industry is, but I would be shocked if any knew the price of fuel would be what it is today and what it could go to. It's highly unlikely anyone planned for this slump to be as devastating as it is starting to become.


25 Richierich : I heard the possibility of deferring E190s is likely, but not selling.
26 Moo : You've completely twisted my words, I never said Leahy was jumping for joy over a deferral, I simply said he was probably looking forward to easily s
27 Confuscius : Probably to Skybus.
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