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(MSN)   Airbus and Boeing keep making jets no one can buy, playing manufacturing 'chicken'   ( divider line
    More: Obvious, Boeing, Chief executive officer, Airliner, Michael Bloomberg, Bloomberg L.P., Airbus SE, Competition between Airbus and Boeing, Boeing Co.  
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526 clicks; posted to Business » on 06 Aug 2020 at 9:25 PM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook

6 Comments     (+0 »)
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2020-08-06 9:48:26 PM  
It's a buyers market for jets.  Can't wait for the next stimulus check.  I hear the 737 MAX is an especially sweet deal although it still isn't certified to not kill you.

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2020-08-06 9:51:27 PM  
Might make good housing for the homeless. Just sayin'.

/ we're gonna need it
2020-08-06 10:03:10 PM  

Nick Nostril: Might make good housing for the homeless. Just sayin'.
/ we're gonna need it

Ooo! Can I get one of the older 747s with the lounge in the top cabin?
2020-08-06 11:29:44 PM  
What a waste of resources.
2020-08-07 6:45:55 AM  
'Even as Boeing scales back its production plans, it wants to get back to producing 31 of its 737 Max jets a month by early 2022.'

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2020-08-07 9:13:17 AM  

AsparagusFTW: What a waste of resources.

Shutting down the production lines would be a bigger waste of resources.  And with the prices for jets cratering, you're going to see fleet replenishment and replacement.

This means companies who were flying ancient gas guzzlers because economically it made sense as they needed the capacity and couldn't afford to pull them into retirement, now don't have the incentive to keep flying them.  Old planes are being pulled from fleets, and put into the boneyards, as with the low passenger numbers, only the very efficient aircraft are pulling a profit or at least, the lowest losses.

From an environmental standpoint, this is a huge win, as average of fleets flying today is 15~25% more fuel efficient than the average fleets at the start of 2020.  Almost entirely because of the forced retirement of 747s, A380s, 767s, etc.  The 320/330 NEOs are selling like crazy, the A220 is a game changer, the 787 is overtaking the 767 rapidly, and when the max is back in service the NGs will replace the classics, and the classics will finally be pulled from service in discount airlines.

The pandemic has forced airlines to update their fleets to the most efficient ones possible to stay afloat, and that's a good thing.
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