Delay of 777 deliveries?
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Delay of 777 deliveries?
Sorry I can't find the link, but I remember reading a day or two back about CX potentially delaying Boeing deliveries at this point - with the exception of 747-8s for cargos, aren't the only remaining Boeings on order 777 ERs?
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There is more information on Cathay Pacific News section. The press release on Nov28th about financial crisis.
http://www.cathaypacific.com/cpa/en_...000ad21c39____
It states that 748 and 773ER will be delayed.
http://www.cathaypacific.com/cpa/en_...000ad21c39____
It states that 748 and 773ER will be delayed.
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I think that's the convenient corporate explanation, but I don't think that's the whole story. The SCMP article said Boeing would use the strike to "negotiate a delay with Boeing", and that to "negotiate a plan" alone would take 60-90 days (I think the strike was 57 days), and insinuating that there likely would be another delay **after** this "negotiate a plan for delays" period. I can't find it, but the Bloomberg article was even more blunt, I think using the word "suspending deliveries".
The Boeing strike is I think more a good excuse for airlines to cover up the need to push back deliveries in a very uncertain future - and currently declining - economic environment. I think there's a good chance we'll see Cathay cutting back 777 deliveries far greater than the magnitude of the 57 day strike, especially taking a look at some of their equipment and capacity changes (the general theme seems to be smaller and less) going forward.
The Boeing strike is I think more a good excuse for airlines to cover up the need to push back deliveries in a very uncertain future - and currently declining - economic environment. I think there's a good chance we'll see Cathay cutting back 777 deliveries far greater than the magnitude of the 57 day strike, especially taking a look at some of their equipment and capacity changes (the general theme seems to be smaller and less) going forward.
Last edited by QRC3288; Nov 30, 2008 at 2:50 am
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https://www.cathaypacific.com/cpa/en...000ad21c39____
http://www.pprune.org/fragrant-harbo...ml#post4534020
Last edited by ChrisLi; Dec 3, 2008 at 8:51 am
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