Air France KLM reportedly contemplating additional deferrals
Thursday October 15, 2009
Air France KLM declined to comment to ATWOnline on a report in La Tribune that it is considering whether it should negotiate further aircraft delivery deferrals with Airbus and Boeing. The deferrals would affect mainly its 777/ 777F and A380 orders. CEO Pierre-Henri Gourgeon previously said the group had adjusted its aircraft delivery plan and fleet investment to weather the economic crisis. This included the rescheduling, over a four-year period, of 17 aircraft under firm order initially planned for delivery during its fiscal years ending March 31, 2010, and March 31, 2011, as well as deferring the exercise of five options. This resulted in a reduction in fleet investment net of disposals from €1.8 billion ($2.7 billion) to €500 million in FY09-10 and from €1.8 billion to €700 million in FY10-11. However, it did not specify which aircraft deliveries were affected except for its A380s. In March, AF stated it would push back the delivery of the sixth and seventh of its 12 ordered A380s although it did not give a timeframe. Its first A380 will arrive at the end of this month and another two soon thereafter.
atwonline
Thursday October 15, 2009
Air France KLM declined to comment to ATWOnline on a report in La Tribune that it is considering whether it should negotiate further aircraft delivery deferrals with Airbus and Boeing. The deferrals would affect mainly its 777/ 777F and A380 orders. CEO Pierre-Henri Gourgeon previously said the group had adjusted its aircraft delivery plan and fleet investment to weather the economic crisis. This included the rescheduling, over a four-year period, of 17 aircraft under firm order initially planned for delivery during its fiscal years ending March 31, 2010, and March 31, 2011, as well as deferring the exercise of five options. This resulted in a reduction in fleet investment net of disposals from €1.8 billion ($2.7 billion) to €500 million in FY09-10 and from €1.8 billion to €700 million in FY10-11. However, it did not specify which aircraft deliveries were affected except for its A380s. In March, AF stated it would push back the delivery of the sixth and seventh of its 12 ordered A380s although it did not give a timeframe. Its first A380 will arrive at the end of this month and another two soon thereafter.
atwonline