Boeing's Carson Says Aircraft Financing Available Into Early 2010 | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 09.14.17

Airborne 09.18.17

Airborne 09.19.17

Airborne 09.20.17

Airborne 09.14.17

Airborne 09.15.17

Airborne-Unmanned 09.19.17

Airborne-YouTube

AMA 09.14.17

Airborne 09.18.17

Airborne 09.19.17

Airborne 09.20.17

Airborne 09.14.17

Airborne 09.15.17

Airborne-Unmanned 09.19.17

NEW!!! 2017 AirVenture Innovation Preview -- YouTube Presentation / Vimeo Presentation

Tue, Mar 10, 2009

Boeing's Carson Says Aircraft Financing Available Into Early 2010

But Upcoming Quarters Hold "Dramatic Challenges"

The coming months will be even more difficult for airlines, and manufacturers of commercial aircraft... as credit markets are expected to shrink even more than they already have, cutting off available financing for deliveries of new planes. That spells potential catastrophe for the record order backlogs claimed over the past three years by Boeing and Airbus.

Despite the storm on the horizon, Boeing Commercial Airplanes CEO Scott Carson expressed some (very) measured optimism Tuesday... telling Dow Jones customers should be able to secure financing on new aircraft purchases this year, and into early 2010. After that, however, all bets are off. 

"We face dramatic challenges for the next several quarters," Carson (right) said in a speech at the JP Morgan Aviation and Transportation Conference. "We're watching each of our customers on a daily and weekly basis."

So far, it appears Boeing won't have to dip too deep into the "backstop" funds the planemaker has set aside to assist with financing of subprime aircraft deals. "The draw on us this year will be relatively minimal," Carson said, adding the company is working with airlines needing to replace older aircraft models with more efficient planes.

Carson also reiterated Boeing's timeframe on first-flight of its troubled 787 Dreamliner, currently slated to occur sometime Q2 2009. And despite the current economic crisis, Boeing still believes there's a market for some 27,000 large aircraft over the next 20 years.

"We're humbled by our mistakes but optimistic about the products we're bringing into the marketplace," Carson said.

FMI: www.boeing.com

Advertisement

More News

RFP: ANN Seeking New Site/Facility For Major Studio Upgrade

It's Official: Aggressive Upgrades For New Airborne Programs WILL Require New Digs It's been in development for years, but we're getting to a point where we think we can pull off s>[...]

Airborne-Unmanned 09.12.17: AUVSI Initiatives, UAS v Hurricanes, Collapsible GDU

Also: Hydrogen-Powered Jupiter-H2 UAS, Red Cross, PrecisionHawk, Drone Privacy, Inview Drone Inspection AUVSI announced at a meeting of its Remote Pilots Council several initiative>[...]

AMA Drone Report 09.14.17: MultiGP NatÂ’l Championship, GDU O2, ICAO Registration

Also: AMA Monitoring Volunteer Drones, Aerix DaVinci, FAA ReAuthorization, TobyRich, ADR Test Pilots The 2017 MultiGP National Drone Racing Championship are being held now through >[...]

Airborne 09.19.17: Avro Arrow, Virgin Orbit, No Pot Delivery By Drone

Also: NFlightMic Debut, Natl Av Hall Of Fame, Aero-Calendar, MD v FAA, Med Drone Transport, Ryanair, 'Black Sheep' Kraken Sonar Systems, working with OEX Recovery Group, has discov>[...]

Airborne-Unmanned 09.19.17: FAA OKs FL Drone Ops, ICAO Registry?, No Pot Drones

Also: FAA Reauthorization, Medical Drone Transport, USMC Quadcopters, Canister Launched UAS, Atlas Dynamics Airborne, primarily based in Jacksonville, FL is starting to recover fro>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC