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Late arrivals of the 787

01 May 2008

As customer unrest grows, Geoff Hearn analyses delays to the 787 and how this is impacting other aircraft values.

Read more: 787 imact aircraft values orders

In mid-2007 it seemed that Boeing could do no wrong and that Airbus could do no right. The European manufacturer was mired in difficulties over the A380 programme and had gone through several incarnations of the A350, which had been forced on it by the success of the 787.

At the time the 787 had amassed more than 580 orders from 45 customers. The revamped A350 (the XWB) was still lagging behind with just over 100 sales from 11 customers. Dreamliner sales were breaking records for a new aircraft programme.

But as we cautioned at the time ("Dream come true", Airfinance Journal, June 2007, page 40), Boeing was about to enter the most difficult phase of any aircraft programme as it headed towards the first flight and delivery of the 787. The cyclical nature of the air transport industry is often reflected in the fortunes of the two main manufactures...


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“At the current pricing it will become attractive again to issue Ex-Im-guaranteed bonds. This will help stabilize and drive pricing down from where it is now.”

Kostya Zolotusky, managing director, capital markets, Boeing Capital, says about the price of export credit.

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