Beaucaire From Syria, joined Sep 2003, 5252 posts, RR: 23 Posted (7 years 1 month 16 hours ago) and read 6788 times:
The French financial site "Boursorama"reports that LOT might not exercise ten options paid to Boeing for being short of cash.
The airline will nevertheless maintain deliveries of eight aircraft ordered firmly.
Scouseflyer From United Kingdom, joined Apr 2006, 3440 posts, RR: 9
Reply 2, posted (7 years 1 month 15 hours ago) and read 6708 times:
Quoting Dw9115 (Reply 1): I would think that it would be in LOT's best interest to exercise those options and maybe sell them if anything.
I would guess it would depend if the options are for near term deliveries or not. If they're for planes in 2015/16 I'm not sure that many airlines will be interested in buying them if turned into actual orders.
Dw9115 From United States of America, joined Dec 2005, 449 posts, RR: 2
Reply 5, posted (7 years 1 month 11 hours ago) and read 6199 times:
Quoting Scouseflyer (Reply 2): I would guess it would depend if the options are for near term deliveries or not. If they're for planes in 2015/16 I'm not sure that many airlines will be interested in buying them if turned into actual orders.
Even if they are for the 2015/16 time frame I would imagine that the aircraft would be worth more on the open market then what LOT is paying for them.
In 2005, the original order was for 7 with two options for the 788 and purchase rights for five more.
In 2007, They exercised one and the order increased to 8.
So excuse my previous comment I was looking at Wikipedia. So I don't know where someone using Wikipedia got 8 options for 789 or where this journal got 10 options. There is just a option for one more aircraft.
Airlines often get options for additional aircraft when they order aircraft. Options not only allow airlines to delay final purchase until the market becomes more clear, but they a guarantee a future delivery slot. This would be different than say ordering an aircraft today and getting the latest delivery slot.
KochamLOT From United States of America, joined Sep 2007, 304 posts, RR: 0
Reply 13, posted (7 years 2 weeks 3 days 19 hours ago) and read 3290 times:
When does this plane ever fly?
i remember saying that delays so early in its development were a bad sign and someone on the forum told me otherwise. I knew it though. its taking forever and im excited. when does LOT get their first one to ORD?