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Per Boeing intato la seconda cancellazione di un ordine per il modello in 1 settimana ... la cencellazione riguarda 16 Boeing 787.
D'altronde, i ritardi sui tempi di consegna programmati per i 787 potrebbero rendere Boeing incline a non contrastare uno sfoltimeno degli ordini, così da non ritrovarsi a dover pagare penali per la tardività delle consegne.
Gli analisti sottolineano come per il 2009-2010 la capacità di assorbimento di nuovi aeroplani passeggeri sarà limitata.
Boeing non dovrebbe risentire particolarmente della riduzione degli ordini, in quanto il proprio libro ordini per taluni aerrei come il 787 è pieno al punto che, anche postulando tempi di consegna di 10 mesi, ad alcuni acquirenti toccherà attendere anni di prima di vedere evaso il proprio ordine.
Boeing Loses Dubai Leasing Company Order for 16 787s (Update1)
By Andrea Rothman and Arif Sharif
Feb. 5 (Bloomberg) -- Boeing Co., the world’s second-biggest maker of commercial aircraft, lost a $2.4 billion order for 16 Dreamliner 787 planes from Dubai-based leasing company LCAL, the second cancellation for the model in a week.
“Challenging” market conditions led LCAL to scale back its purchase contract to five 787s from an initial 21 planes, Fakhar Daghestani, a Boeing spokesman, said in a telephone interview from his office in Dubai. S7 Group, Russia’s second-largest airline, canceled an order on Jan. 29 for 15 Dreamliners.
The global recession has caused traffic to drop, particularly business-related trips, reducing the need for new aircraft, while banks are less willing to lend money for plane purchases. Chicago-based Boeing has delayed the 210- to 330-seat Dreamliner’s introduction four times. Under the latest timeline, the 787’s maiden flight is scheduled for next quarter.
“This sounds like a bit of realism from LCAL,” said Doug McVitie, managing director of Dinan, France-based Arran Aerospace, a consulting company. “They may be worried about being able to place all those aircraft and, given the delays to the program, they may want to stand back and wait and see.”
Efficiency vs Oil Price
The 787 is being constructed from 50 percent composite materials, offering a 20 percent boost in fuel efficiency over models it will replace. As oil prices have tumbled from a peak of about $147 a barrel in July to $40.68 today, the need for replacing older aircraft becomes less pressing, McVitie said.
LCAL and other plane-leasing operators may have concerns that airlines are offering more seats than required to meet demand, said Zafar Khan, an analyst at Societe Generale in London who has a “sell” recommendation on Boeing stock.
Boeing and larger competitor Airbus SAS delivered a combined 858 planes last year and are likely to hand over a comparable number in 2009, based on production schedules, Khan said.
“Air-traffic figures would suggest you probably won’t require a lot of new aircraft in 2009 and 2010,” he said. “LCAL must have taken the view that the recovery will not be so swift and there won’t be a huge requirement. You need overcapacity to be absorbed first.”
The extent of the 787’s postponements, which stemmed from parts shortages and model redesigns, may make Boeing willing to lose some customers to reduce penalties it must pay for late deliveries, said Sandy Morris, an analyst at ABN Amro in London.
Waiting List
Cancellations by smaller buyers who need more financing also allows Boeing to make more room for those customers very eager to get the planes. Boeing has about 900 orders for the 787. Even at the eventual production rate of about 10 a month, some airlines would still have to wait years for the model, Morris said.
“I expect to see a number of 787 customers disappear, probably with a degree of encouragement to do so,” he said. “Boeing will aim to please as many customers as possible and, to my mind, that means having to lose quite a few.”
D'altronde, i ritardi sui tempi di consegna programmati per i 787 potrebbero rendere Boeing incline a non contrastare uno sfoltimeno degli ordini, così da non ritrovarsi a dover pagare penali per la tardività delle consegne.
Gli analisti sottolineano come per il 2009-2010 la capacità di assorbimento di nuovi aeroplani passeggeri sarà limitata.
Boeing non dovrebbe risentire particolarmente della riduzione degli ordini, in quanto il proprio libro ordini per taluni aerrei come il 787 è pieno al punto che, anche postulando tempi di consegna di 10 mesi, ad alcuni acquirenti toccherà attendere anni di prima di vedere evaso il proprio ordine.
Boeing Loses Dubai Leasing Company Order for 16 787s (Update1)
By Andrea Rothman and Arif Sharif
Feb. 5 (Bloomberg) -- Boeing Co., the world’s second-biggest maker of commercial aircraft, lost a $2.4 billion order for 16 Dreamliner 787 planes from Dubai-based leasing company LCAL, the second cancellation for the model in a week.
“Challenging” market conditions led LCAL to scale back its purchase contract to five 787s from an initial 21 planes, Fakhar Daghestani, a Boeing spokesman, said in a telephone interview from his office in Dubai. S7 Group, Russia’s second-largest airline, canceled an order on Jan. 29 for 15 Dreamliners.
The global recession has caused traffic to drop, particularly business-related trips, reducing the need for new aircraft, while banks are less willing to lend money for plane purchases. Chicago-based Boeing has delayed the 210- to 330-seat Dreamliner’s introduction four times. Under the latest timeline, the 787’s maiden flight is scheduled for next quarter.
“This sounds like a bit of realism from LCAL,” said Doug McVitie, managing director of Dinan, France-based Arran Aerospace, a consulting company. “They may be worried about being able to place all those aircraft and, given the delays to the program, they may want to stand back and wait and see.”
Efficiency vs Oil Price
The 787 is being constructed from 50 percent composite materials, offering a 20 percent boost in fuel efficiency over models it will replace. As oil prices have tumbled from a peak of about $147 a barrel in July to $40.68 today, the need for replacing older aircraft becomes less pressing, McVitie said.
LCAL and other plane-leasing operators may have concerns that airlines are offering more seats than required to meet demand, said Zafar Khan, an analyst at Societe Generale in London who has a “sell” recommendation on Boeing stock.
Boeing and larger competitor Airbus SAS delivered a combined 858 planes last year and are likely to hand over a comparable number in 2009, based on production schedules, Khan said.
“Air-traffic figures would suggest you probably won’t require a lot of new aircraft in 2009 and 2010,” he said. “LCAL must have taken the view that the recovery will not be so swift and there won’t be a huge requirement. You need overcapacity to be absorbed first.”
The extent of the 787’s postponements, which stemmed from parts shortages and model redesigns, may make Boeing willing to lose some customers to reduce penalties it must pay for late deliveries, said Sandy Morris, an analyst at ABN Amro in London.
Waiting List
Cancellations by smaller buyers who need more financing also allows Boeing to make more room for those customers very eager to get the planes. Boeing has about 900 orders for the 787. Even at the eventual production rate of about 10 a month, some airlines would still have to wait years for the model, Morris said.
“I expect to see a number of 787 customers disappear, probably with a degree of encouragement to do so,” he said. “Boeing will aim to please as many customers as possible and, to my mind, that means having to lose quite a few.”
