Art From Lebanon, joined Feb 2005, 2937 posts, RR: 0 Posted (4 years 3 months 2 weeks 3 days 23 hours ago) and read 1234 times:
"Civil aircraft manufacturing is forecast to break all production records this year in the face of deteriorating trading conditions and financing shortages brought on by the global financial crisis.
The latest forecasts from the mainline airliner builders Airbus and Boeing put their combined output in 2009 as high as 960 aircraft"
Art From Lebanon, joined Feb 2005, 2937 posts, RR: 0 Reply 2, posted (4 years 3 months 2 weeks 3 days 20 hours ago) and read 1104 times:
I'm a little confused. Given all the handwringing over the possibility of deferred orders this year due to lack of credit, I would have expected forecast production to be lower than in 2008. In particular I remember Airbus talking of trimming A320 production.
Stitch From United States of America, joined Jul 2005, 26686 posts, RR: 83 Reply 3, posted (4 years 3 months 2 weeks 3 days 20 hours ago) and read 1094 times:
Quoting Art (Reply 2): I'm a little confused. Given all the hand-wringing over the possibility of deferred orders this year due to lack of credit...
The airlines already had the necessary financing in place when they placed the original order. So the main reason they would not take delivery now is worry they could not afford the payments.
Art From Lebanon, joined Feb 2005, 2937 posts, RR: 0 Reply 4, posted (4 years 3 months 2 weeks 3 days 6 hours ago) and read 988 times:
Quoting Stitch (Reply 3): The airlines already had the necessary financing in place when they placed the original order. So the main reason they would not take delivery now is worry they could not afford the payments.
Thanks for that info about order financing. So orders already placed for delivery in perhaps 2011/2011/2012 already have the finance "guaranteed" and should be unaffected by the credit crunch. Always assuming the financier still has the finance available!
I wonder how far ahead customers need to give notice of deferral and what penalties are payable.
Scouseflyer From United Kingdom, joined Apr 2006, 3254 posts, RR: 10 Reply 5, posted (4 years 3 months 2 weeks 3 days 6 hours ago) and read 962 times:
Quoting Art (Reply 2): In particular I remember Airbus talking of trimming A320 production.
I think they were intially assessing whether planned increases shoudl take place and then in a couple of years time, looking as what would happen if they had to reduce production.
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