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 On ANN

ADR 02.20.17

Airborne 02.20.17

Airborne 02.21.17

Airborne 02.22.17

Airborne 02.23.17

Airborne 02.17.17

Airborne-HD On YouTube

ADR 02.20.17

Airborne 02.20.17

Airborne 02.21.17

Airborne 02.22.17

Airborne 02.23.17

Airborne 02.17.17

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

Infamous RV-10 Lawsuit Against Van's Aircraft Dismissed

Years of Wasted Effort, Resources, and Worry Signal Ongoing Defects In US Tort Law When the news first came out, in 2015, that Van's Aircraft was sued for a considerable amount of >[...]

Airborne 02.22.17: CAF Dixie Wing P-63A, AF1 Price Cut, SLS Manned Flt?

Also: Drone Light Show, Remotely Piloted Helos, TFR Busts, Gulfstream, XTI Aircraft, CA Airlines, Icelandair After more than 40 years since it’s last flight, the Commemorativ>[...]

AMA Drone Report 02.20.17: DJI & AMA Team Up, MultiGP, Drone Advisory Committee

Also: Another Dumb FL Drone Law, AMA Expo East!, Spaceport America Drone Summit DJI and AMA have launched a joint program to promote safe and responsible drone operations, train pu>[...]

Airborne 02.21.17: NASA 'Space Poop' Challenge, Drone Advisory, Boeing

Also: Alphabet Balloons, Aero-Calendar, DJI-AMA, Solar Research, Dreamliners, F-35, ALPA NASA Johnson Space Center, in partnership with NASA Tournament Lab and online crowdsourcing>[...]

GA Aircraft Shipments And Billings Down Almost Across The Board

Only Uptick Was In Turboprop Airplanes, Turbine Helicopters Hit Hard The news is pretty much all bad, and some of it is really bad, in the GAMA 2016 year-end report of aircraft shi>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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