Six Month Delay May Only Be The Beginning
One of the world’s largest plane leasing companies said he
expects even more delays for Boeing’s new 787 Dreamliner...
one month after the American planemaker announced a six-month bump
in the road to the plane's first flight and deliveries
schedule.
AerCap’s Klaus Heinemann says Boeing is trying to avoid
delays similar to those experienced by Airbus.
"Before 2008 is over, the delay (on the 787) may be a little
more than what Boeing currently admits to," Heinemann told the
Washington Post last week. "The current assessment of the delay by
Boeing is generally viewed in the market as an optimistic
assessment."
Boeing has orders for 736 of the lightweight, carbon-composite
planes -- worth about $120 billion at list prices -- but is
struggling with out-of-sequence work and a shortage of hardware on
initial aircraft under construction.
As ANN reported, last month
Boeing pushed back the first test flight to next year and postponed
initial deliveries to late November or December 2008 versus an
original target of May 2008.
Heinemann thinks first deliveries will probably be on time, but
Boeing may miss its targets for 2009.
"Where the market has doubts is not so much on Boeing's
assessment on the first delivery, toward the end of next year,"
Heinemann said. "Where the market has some doubts is with respect
to the ramp-up of the production capacity for the aircraft during
2009."
Even adjusting for the six-month delay, Boeing said last month
it was still aiming to deliver 109 787s by the end of 2009. Boeing
said 30 to 35 plane deliveries originally scheduled for next year
are likely to be pushed into 2009, meaning a sharper-than-expected
production ramp-up in 2009.
Wall Street analysts and airline operators have already
expressed concern about Boeing meeting its new schedule. The issue
could prove costly for Boeing if it has to compensate airlines for
late deliveries, as Airbus did for delays of up to two years on its
A380 superjumbo, according to the Post.
AerCap -- a Dutch firm, with a fleet of 325 aircraft -- is not a
787 customer, and has not bought any planes directly from Boeing...
but Heinemann said he is "in favor of a more balanced
portfolio."
The Dutch firm's fleet is predominantly comprised of Airbus
planes, chiefly because AerCap used to be part-owned by Germany's
Daimler, a major shareholder of Airbus' parent EADS).