No sign of Asia crisis in airplane orders: Boeing – CNBC

11 months ago Comments Off on No sign of Asia crisis in airplane orders: Boeing – CNBC

Boeing is expecting strong aircraft orders from Asia over the next 20 years, with few order deferrals on the horizon, according to the aircraft manufacturer’s Asian chief.

However, rather than place large orders of a 100 or more planes at a time, most carriers in the region have been requesting 40 or fewer or seeking out leasing deals.

“Airlines are getting smarter” at setting their orders, Dinesh Keskar, senior vice-president of Asia Pacific and India sales at Boeing Commercial Airplanes, told a press conference at the sidelines of the Singapore Airshow Monday.

“People have figured out, at least in our case, if you want order big orders, you’ll have to pay deposits on those orders. Why would you put a deposit on an airplane that is delivering in 2030,” Keskar noted.

Now, carriers in the region are using SLB, or sale and leaseback more often, he noted.

No sign of Asia crisis in airplane orders: Boeing – CNBC}