Random Thoughts/Update, Good bye Line 2
Update, 9:20 AM: Flightblogger just posted this: Boeing to buy Vought, Line 2 to go there. This is step one in the allusion below to big news coming out of Boeing that affects Puget Sound.
ANA and the 787
All Nippon Airways, launch customer of the much-delayed Boeing 787, upped its orders from 50 to 55. We can’t help but wonder if it’s going to pay anything at all for these five airplanes or whether these will be free for compensation.
Big news out of Boeing coming?
Here in the Puget Sound we are hearing a lot of buzz that there will be big news out of Boeing’s HQ in Chicago as early as Friday that will be of more than passing interest here. We’ve had three sources on this one.
United Airlines and the 150 plane order
This falls into the Are they nuts? category.
We’re told that United’s RFP for 150 airplanes includes demands that it pay no deposits, no pre-delivery payments and the manufacturer finances the airplanes. And Boeing 767s and 757s be purchased by the manufacturer at above market rates and leased back at below market rates.
Our take: there may be few orders this year, but Airbus and Boeing have backlogs of 3,500 airplanes each. United’s credit sucks (17% yield on its recent Rubber Hose offering). We don’t see any reason for Airbus or Boeing to go for this one.
Andrea James, who succeeded James Wallace at The Seattle PI as aerospace reporter (a case of a B-scale wage earner replacing an A-scale earner, we think, when the PI dropped its print edition to only a web paper), has this interesting item about American Airlines’ latest aircraft financing. Boeing’s list price for 737-800s is ~$71m. AA’s 738s are being acquired for around $48m. She tells how.
Air France 447:
Here is an interesting discussion about pitot tubes and the relationship to air accidents.