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Etihad Airways Cancels 4 B787s From It's Order  
User currently offlineojas From India, joined Mar 2008, 2981 posts, RR: 25
Posted (3 years 8 months 3 weeks 4 days 17 hours ago) and read 11775 times:

http://www.domain-b.com/aero/airlines/20110304_787_dreamliners.html

The article suggests, Etihad Airways cancels 4 B787 orders. They still have 31 on order.


A lion does not concern himself with the opinions of the sheep
15 replies: All unread, jump to last
 
User currently offlineADDICT4QF From Australia, joined Feb 2011, 71 posts, RR: 0
Reply 1, posted (3 years 8 months 3 weeks 4 days 16 hours ago) and read 11269 times:

Hopefully this will speed up QF getting their ordered 787s. =P.

User currently offlineskyone From Mexico, joined Feb 2001, 438 posts, RR: 0
Reply 2, posted (3 years 8 months 3 weeks 4 days 11 hours ago) and read 10234 times:

Wow, a company from the Middle East (UAE) cancelling some 787s? That is weird!!!
I thought they were desperate to keep growing and getting more fuel efficient planes into their fleets. Qatar Airways and Emirates would love to take on those slots, LOL.


User currently offlineQatarA340 From Qatar, joined May 2006, 1880 posts, RR: 10
Reply 3, posted (3 years 8 months 3 weeks 4 days 10 hours ago) and read 10154 times:

I hope this wont create a domino effect to all the other airlines.


لا اله الا الله محمد رسول الله
User currently offlineStitch From United States of America, joined Jul 2005, 31240 posts, RR: 85
Reply 4, posted (3 years 8 months 3 weeks 4 days 10 hours ago) and read 10140 times:
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Quoting skyone (Reply 2):
Wow, a company from the Middle East (UAE) cancelling some 787s? That is weird!!!
I thought they were desperate to keep growing and getting more fuel efficient planes into their fleets.

Which makes me wonder if we will not soon see EY place some 77L / 77W orders, using the deposits from the cancelled 787-9s, because that capacity could arrive sooner.


User currently offlineSpeedbird128 From Pitcairn Islands, joined Oct 2003, 1648 posts, RR: 2
Reply 5, posted (3 years 8 months 3 weeks 4 days 10 hours ago) and read 10140 times:

Quoting skyone (Reply 2):
I thought they were desperate to keep growing and getting more fuel efficient planes into their fleets.

Maybe they know something we don't... I would presume they are the first 4 of their order...??



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User currently offlineStitch From United States of America, joined Jul 2005, 31240 posts, RR: 85
Reply 6, posted (3 years 8 months 3 weeks 4 days 10 hours ago) and read 10076 times:
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Quoting Speedbird128 (Reply 5):
Maybe they know something we don't... I would presume they are the first 4 of their order...??

If they did, I'd think NZ would be making noises since they are the first 787-9 customer.

Boeing is expecting more 777 orders, so I'm thinking that EY needs more lift now and may very well have cancelled their last/later-tranche four 787-9s to free up some cash to get some new 777s in the next few of years, before their 787-9s start arriving.


User currently offlineaeropiggot From United States of America, joined May 2005, 284 posts, RR: 0
Reply 7, posted (3 years 8 months 3 weeks 4 days 10 hours ago) and read 10076 times:

Quoting Stitch (Reply 4):
Which makes me wonder if we will not soon see EY place some 77L / 77W orders, using the deposits from the cancelled 787-9s, because that capacity could arrive sooner.




That Boeing order for 10 777 yesterday, might give us a clue  



A scientist discovers that which exists, an engineer creates that which never was.
User currently offlineStitch From United States of America, joined Jul 2005, 31240 posts, RR: 85
Reply 8, posted (3 years 8 months 3 weeks 4 days 10 hours ago) and read 9951 times:
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It's now confirmed that two of the three 777-300ERs are for EY (the other being for AA). So it was a conversion.

User currently onlinekaitak From Ireland, joined Aug 1999, 12564 posts, RR: 35
Reply 9, posted (3 years 8 months 3 weeks 4 days 10 hours ago) and read 9902 times:

So, with six 77Ws in service and ten on order (before this latest order), that's eighteen ... a fairly sizeable fleet!

User currently offlineAirNZ From , joined Dec 1969, posts, RR:
Reply 10, posted (3 years 8 months 3 weeks 4 days 5 hours ago) and read 7110 times:

Quoting skyone (Reply 2):
I thought they were desperate to keep growing and getting more fuel efficient planes into their fleets

I'm sure they would......except the problem is Boeing's inability so far to get the 787 into ANY fleet.


User currently offlinegoblin211 From United States of America, joined Jun 2010, 1209 posts, RR: 0
Reply 11, posted (3 years 8 months 3 weeks 4 days 3 hours ago) and read 6528 times:

Quoting Stitch (Reply 6):
free up some cash to get some new 777s in the next few of years, before their 787-9s start arriving.

I'm sorry but is it really all that important to play around w/ money for new a/c? yes, they need to replace them but it just seems so rushed to me. the 787s are taking awhile but the planes they have now are still functioning and will be for a # of years. i just don't see the urgency in all this.   



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User currently offlineWestWing From United States of America, joined Feb 2005, 2134 posts, RR: 7
Reply 12, posted (3 years 8 months 3 weeks 22 hours ago) and read 3187 times:

Quoting Stitch (Reply 8):
It's now confirmed that two of the three 777-300ERs are for EY (the other being for AA). So it was a conversion.

Just a minor update on this - some recent news stories imply that EY did order three 77Ws in this conversion. Bloomberg's reporter says that they got the number three from an airline spokesperson. Which would fit together in the 07-Feb-2011 order.



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User currently offlineSpeedbird128 From Pitcairn Islands, joined Oct 2003, 1648 posts, RR: 2
Reply 13, posted (3 years 8 months 3 weeks 20 hours ago) and read 2920 times:

Quoting Stitch (Reply 6):
to free up some cash

Government of Abu Dhabi needs to free up some cash... Thats a novel idea...

Something bigger, in my opinion, is at play.



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User currently offlineStitch From United States of America, joined Jul 2005, 31240 posts, RR: 85
Reply 14, posted (3 years 8 months 3 weeks 20 hours ago) and read 2881 times:
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Quoting Speedbird128 (Reply 13):
Government of Abu Dhabi needs to free up some cash... Thats a novel idea...

Something bigger, in my opinion, is at play.

They converted four 787-9s to three 777-300ERs. So that implies they moved the deposit money from the 787-9s to the 777-300ERs.

And when I said "free up some cash", I was not implying that was hurting for cash and couldn't put down deposits for new 77Ws. Just that if they felt they didn't need as many 787-9s right now, why not "recycle" some of those monies by moving them from the 787-9 pile to the 777-300ER pile?


User currently offlineskyone From Mexico, joined Feb 2001, 438 posts, RR: 0
Reply 15, posted (3 years 8 months 3 weeks 12 hours ago) and read 2468 times:

Quoting Stitch (Reply 14):
They converted four 787-9s to three 777-300ERs. So that implies they moved the deposit money from the 787-9s to the 777-300ERs.

And when I said "free up some cash", I was not implying that was hurting for cash and couldn't put down deposits for new 77Ws. Just that if they felt they didn't need as many 787-9s right now, why not "recycle" some of those monies by moving them from the 787-9 pile to the 777-300ER pile?

Now that we know the full story, that is a smart move from EY. They are not cancelling orders, they are just switching from one type to another, and, as you say, they already have the deposit for them. Financially speaking, this only means adjusting the Business Plan, not that they have money problems.

It is good to see they keep growing and adding more full eficient airplanes to their fleet.


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