philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Apr 25, 2019 23:41:06 GMT 1
I know that's the case for some MAX but what about the other planes ? Boeing Capital only gets directly involved when no other way is found to finance a purchase. In this case, I suppose most lessors and financial institutions had no taste for that risk. They obviously were right !
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Post by kevin5345179 on Apr 26, 2019 0:01:02 GMT 1
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Post by lhr786 on Apr 26, 2019 9:56:20 GMT 1
All Boeing aircraft's have been cancelled from Jet Airways including the 787s.
Some were also leased arranged from GECAS. However these now have been terminated from lease and will retain to a different airline in due course.
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Post by kevin5345179 on Apr 26, 2019 22:19:28 GMT 1
All Boeing aircraft's have been cancelled from Jet Airways including the 787s. Some were also leased arranged from GECAS. However these now have been terminated from lease and will retain to a different airline in due course. that's where I'm confused because the earning call specifically said those order will be taken out from book according to report from Reuter
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Apr 26, 2019 23:58:58 GMT 1
that's where I'm confused because the earning call specifically said those order will be taken out from book according to report from Reuter While the order has been cancelled, the aircraft will be built for some other customer, which speeds up delivery to that customer, but doesn't per se create any new order.
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Post by kevin5345179 on Apr 27, 2019 3:45:29 GMT 1
that's where I'm confused because the earning call specifically said those order will be taken out from book according to report from Reuter While the order has been cancelled, the aircraft will be built for some other customer, which speeds up delivery to that customer, but doesn't per se create any new order. read carefully the text written by Reuter www.reuters.com/article/boeing-results-jet-int-idUSKCN1S01W6
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Apr 27, 2019 9:32:26 GMT 1
Well, it seems that Boeing had collected 91 orders before cancelling 210 Jet Airways orders, hence a Q1 total of minus 119. This implies that Boeing Capital cancelled its order without trying to redirect its aircraft to some other airline, which would be consistent with its practice of getting involved only when other institutions are reluctant. What I see as less clear is the Boeing Capital customer financing impairment. If this is a consequence of Jet Airways' demise, then does it mean that Boeing Capital is losing some progress payments made on Jet aircraft ? If so, the Boeing Capital loss must be offset at some point in time by a Boeing Airplanes profit as the airplanes will be delivered to some other customer. Unless of course Boeing Capital financed the purchase of now useless buyer furnished equipment on account of Jet Airways.
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Post by kevin5345179 on Apr 28, 2019 2:45:19 GMT 1
Well, it seems that Boeing had collected 91 orders before cancelling 210 Jet Airways orders, hence a Q1 total of minus 119. This implies that Boeing Capital cancelled its order without trying to redirect its aircraft to some other airline, which would be consistent with its practice of getting involved only when other institutions are reluctant. What I see as less clear is the Boeing Capital customer financing impairment. If this is a consequence of Jet Airways' demise, then does it mean that Boeing Capital is losing some progress payments made on Jet aircraft ? If so, the Boeing Capital loss must be offset at some point in time by a Boeing Airplanes profit as the airplanes will be delivered to some other customer. Unless of course Boeing Capital financed the purchase of now useless buyer furnished equipment on account of Jet Airways. boeing capital ones includes sales and lease back -> no way to sale anymore ....
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Apr 28, 2019 9:49:46 GMT 1
boeing capital ones includes sales and lease back -> no way to sale anymore .... Oh, I'm quite sure Boeing and its financial arm could set-up whatever legal framework would be in the group's interest, whether a buy-back by Boeing Airplanes or some other arrangement.
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Post by kevin5345179 on May 14, 2019 17:59:57 GMT 1
4 737 MAX (unidentified customer) for April order
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