https://www.yahoo.com/news/airbus-warns ... 23367.html
Airbus may sue if airlines do not take aircraft ordered. We knew it would get messy, Now claims of a glut of aircraft on the market and Boeing and Airbus led to it.
"Faury told Politico that some airlines, which he did not identify, had refused to take calls at the height of the crisis, but that he hoped for a compromise.
"It will remain, I hope, the exception because we always try to find a different route than going to court," Faury said.
"But if and when airlines - and it's happening - have no other choice than fully defaulting and not proposing something better than nothing, or are not willing to do it, then (lawsuits) will happen."
Industry sources said such public warnings are rare in the tight-knit aviation market and could backfire.
But they said the disruption is so great that Airbus is adopting a more aggressive stance, bracing itself for a repeat of turmoil over the 2001 bankruptcies of Swissair and Sabena.
It has sent out dozens of default notices to airlines in a step that can lead to lawsuits but undermine relations, the sources said. Some airlines have responded angrily in private."
"Several financiers said that manufacturers, while justified in protecting positions ahead of further airline bankruptcies, also partly have themselves to blame for producing too much.
"Many observers already believed before the crisis that too many airplanes were produced for too many airlines that did not have the solid business model and financial strength to deliver the growth embedded in their order books," said Bertrand Grabowski, an aviation banker turned independent adviser."