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Thursday, May 5, 2011

Airbus Cancellations Already Outpace 2010

International Lease Finance Corp.’s cancellation of ten A380 orders and the loss of an additional A330-200 push Airbus year-to-date cancellations beyond last year’s level.
Going into the year, Airbus was projecting cancellations to be roughly at 2010 levels. The current total is 79 cancellations for the first four months; the 2010 total was 70 cancellations.
ILFC’s cancellation of the ten A380s was previously disclosed by the lessor and had long been expected by analysts. It came as the lessor firmed up its order for 100 single-aisles aircraft, 75 A320 New Engine Option aircraft and 25 A321 NEOs. ILFC also swapped six A350-800 delivery positions for six more A350-900s.
Aviation Capital Group also has restructured its single-aisle order book with the aircraft maker, shifting all its narrowbody orders to A320s having previously held also seven A319 and four A321 orders. Also, Aer Lingus shifted three A330 orders to A350-900s and Synergy Aerospace shifted ten -800s to the -900.
Airbus, last month, also booked deals with Cathay Pacific for 15 A330-300s, and 10 A321 and three A330-200Fs with Turkish Airlines, as well as a A319 business the to bring its gross order total for the year to 169 units.
Deliveries through April reached 167 units.

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