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Post by pa380scal on Apr 10, 2019 20:48:17 GMT 1
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Apr 11, 2019 10:16:28 GMT 1
The above piece of news is about an agreement between Norwegian and Airbus to reschedule the -neo Norwegian has on order, as part of a cash preservation policy.
As most of the -neo on order from Norwegian are A320s, the announcement is not enough to determine whether or not the A321 LR are concerned. They might be, of course, as other airlines have recently mentioned delays in A321neo deliveries, but on the other hand the A320neo were ordered for Norwegian's leasing arm and delaying their delivery seems a straightforward way of preserving cash.
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lowpass
Final Assembly Line stage 1
Posts: 243
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Post by lowpass on Apr 11, 2019 10:54:55 GMT 1
Don't know if this has been discussed here before, but one doubt I have for some time , orders are tradable? Can any airline or lessor "sell" orders/slots to others?
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mjoelnir
in service - 2 years
Posts: 4,089
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Post by mjoelnir on Apr 11, 2019 11:32:49 GMT 1
Don't know if this has been discussed here before, but one doubt I have for some time , orders are tradable? Can any airline or lessor "sell" orders/slots to others? That would be part of the definition of a leasing company: selling slots to others. |
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someone
in service - 1 year
Posts: 3,333
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Post by someone on Apr 11, 2019 11:44:54 GMT 1
The above piece of news is about an agreement between Norwegian and Airbus to reschedule the -neo Norwegian has on order, as part of a cash preservation policy. As most of the -neo on order from Norwegian are A320s, the announcement is not enough to determine whether or not the A321 LR are concerned. They might be, of course, as other airlines have recently mentioned delays in A321neo deliveries, but on the other hand the A320neo were ordered for Norwegian's leasing arm and delaying their delivery seems a straightforward way of preserving cash. They are postphoning both A320neo and A321LR deliveres although a breakdown hasn’t been published I expect most or maybe all planned 2019 and 2020 deliveries have been delayed |
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lowpass
Final Assembly Line stage 1
Posts: 243
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Post by lowpass on Apr 11, 2019 12:01:17 GMT 1
That would be part of the definition of a leasing company: selling slots to others. Intrigues me a bit as they have hundreds A32xneo and 737Max orders and have to postpone a few ones because of liquidity. Maybe it's not that simple? |
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s543
in service - 2 years
Posts: 3,959 
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Post by s543 on Apr 11, 2019 12:51:28 GMT 1
Maybe in the current plane shortage, they might get some nice compensation for letting those slots go ?
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Apr 11, 2019 13:08:24 GMT 1
Don't know if this has been discussed here before, but one doubt I have for some time , orders are tradable? Can any airline or lessor "sell" orders/slots to others? I recently provided some explanation on that matter in the 'A350 general discussion' thread. See my discussion with Mjoelnir on March 13th and 14th, in pages 6 and 7 of that thread. a380.boards.net/thread/2493/airbus-a350-general-discussion-2019?page=6&scrollTo=130875The most important points are that all rights based on aircraft purchase contracts, including delivery positions, are non transferable (except for long-term lease-back) and that there are also restrictions to aircraft sale in the next few years after delivery. An airline may however apply for a waiver from the manufacturer. |
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mjoelnir
in service - 2 years
Posts: 4,089
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Post by mjoelnir on Apr 11, 2019 13:36:42 GMT 1
Don't know if this has been discussed here before, but one doubt I have for some time , orders are tradable? Can any airline or lessor "sell" orders/slots to others? I recently provided some explanation on that matter in the 'A350 general discussion' thread. See my discussion with Mjoelnir on March 13th and 14th, in pages 6 and 7 of that thread. a380.boards.net/thread/2493/airbus-a350-general-discussion-2019?page=6&scrollTo=130875The most important points are that all rights based on aircraft purchase contracts, including delivery positions, are non transferable (except for long-term lease-back) and that there are also restrictions to aircraft sale in the next few years after delivery. An airline may however apply for a waiver from the manufacturer. You explain it like it is the law of the land and not contracts that can be different case by case. |
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Apr 11, 2019 14:37:25 GMT 1
You explain it like it is the law of the land and not contracts that can be different case by case. Well, I have read many contracts and written quite a few. You are free not to believe me, but why do you think no buyer is engaging in bulk purchase and retail sales ? What's closest to that is lessor business : bulk purchase and retail leases. |
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