We’ve been focused on the swap for Max white tails, but does either Boeing or Delta have a large number of 738/9 or A320Ceo frames coming off of lease or retuned directly to them from other airlines? There’s been discussion of the large number of off lease frames in the Production Cuts thread, although it’s unclear to me how many were leased directly from Boeing or Airbus rather than from third parties. Delta may find that a swap of off lease 738 or 320 for 717 or neo deferments May make more sense than a swap for the Max.
There are a lot of planes of all stripes looking for new homes. For DL's 717's some are owned but like 3/4 are on lease from Boeing for a number of more years. Boeing could forgive some or all of these lease payments as a trade in on the new planes. What makes this attractive to DL is better cash flow for now and new planes to offset the retired 717's out a few years.
But we are not privy to any dealing so it is unknown if this will come to pass.
We've been discussing how about 2,000 aircraft will be looking for a new home in 2021 in the production chicken thread:viewtopic.php?f=3&t=1451221&p=22454405
These are aircraft owned by a bunch of entities: ALC, AerCap, Norwegian capital, AirCastle, airlines, Boeing (MAX) and Airbus. This is the most extreame buyers market of my lifetime and that includes the two oil crisis, the 1990s downturn, 9/11, and GFC.
Think of this like buying a used home. You might care a little on who you buy it from, but more you care about the maintenance history (how old the furnace/AC) and having an inspection done (roof, termites, water damage foundation). For aircraft, since any aircraft worth buying now is going to cost over $10 million, you have a team go over the paper and another team the aircraft to value it, not one handyman doing a $400 inspection but rather about $25k of labor to determine if an aircraft is worth buying and how much might be needed.
Often a purchase is conditional on the cost of a C or D check.
DL is one of the most sophisticated buyers of used aircraft (and new). The could buy new MAX (e.g., say the -9 with -10 gear), NEO, A220, or used 738, A320/321.
Delta has 15+ months to decide what to buy.
I cannot wait to get vaccinated to live again! Warning: I simulated that it takes 50%+ vaccinated to protect the vaccinated and 75%+ vaccinated to protect the vac-hesitant.