Flying-Tiger From Germany, joined Aug 1999, 4167 posts, RR: 35 Posted (6 years 5 months 3 weeks 1 day ago) and read 1600 times:
From Aircastle´s earnings call:
Quote: Another example is we entered into a binding long-term lease commitment with a Chinese airline for three of our Airbus A330 freighters, which are delivering during the second half of 2010. These are the first placements from our Airbus deal.
Apparently they cancelled three frames, and converted some to A330 pax:
Quote: For the years 2010 and beyond, our Airbus A330 order provides built-in growth. This is a well-priced deal with significant value. In that regard, we amended our order to give us more flexibility recently, reducing the order from 15 to 12 aircraft and converting some of the delivery positions to passenger aircraft to take advantage of strong demand from several high-quality airlines.