AerCap plays down fears of price war over big jets
The head of one of the world's biggest aviation fleets played down the risk of a price war over big jets like the Boeing 777 on Tuesday, saying its US manufacturer would rather sacrifice production than risk damaging its own portfolio. Aengus Kelly, CE of AerCap, the world's largest independent aircraft leasing company, said that Boeing would avoid reckless pricing of the current model in order to shield sales of the 777X, now in development. "If Boeing do deliver 777s at deeply discounted prices, they could cannibalize 777X sales. They would be borrowing from the future," Kelly said. "If demand isn't there and they have to drop the price precipitously to sell, then my view is they won't do it and they will instead cut production," he said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-01-21/general/aercap-plays-down-fears-of-price-war-over-big-jets
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AerCap plays down fears of price war over big jets
The head of one of the world's biggest aviation fleets played down the risk of a price war over big jets like the Boeing 777 on Tuesday, saying its US manufacturer would rather sacrifice production than risk damaging its own portfolio. Aengus Kelly, CE of AerCap, the world's largest independent aircraft leasing company, said that Boeing would avoid reckless pricing of the current model in order to shield sales of the 777X, now in development. "If Boeing do deliver 777s at deeply discounted prices, they could cannibalize 777X sales. They would be borrowing from the future," Kelly said. "If demand isn't there and they have to drop the price precipitously to sell, then my view is they won't do it and they will instead cut production," he said. <br/>
