News Desk

Commercial

Quarter of Aircraft Backlog at Risk

Between 25 to 30 Per Cent of Airbus’s and Boeing’s Order Backlog Could Be at Risk of Deferral or Cancellation as Oil Forces a Number of Airlines to Cut Back or Fail, According to a Report in the ‘wall Street Journal’.

“everything is on the Table When an Airline is Looking for Cash,” Said International Lease Finance Company (Ilfc) Ceo Steven Udvar-hazy. He Explained in the Article That Up to 30 Per Cent of Current Orders Logged Were for Airline Growth Rather Than Fleet Replacement, and Were Therefore Vulnerable as Airlines Scale Back Their Growth Projections and Cut Capacity.