uscitizen
Villified User
JetBlue delays order of 21 planes for 4 to 5 years
Tuesday May 27, 6:48 PM EDT
NEW YORK (AP) — JetBlue Airways Corp. plans to significantly slow its fleet growth, saying Tuesday it will put off buying 21 new Airbus jetliners for four to five years as it struggles to cope with soaring fuel costs.
The A320 planes, which were originally scheduled for delivery between 2009 through 2011, will now be delivered in 2014 and 2015. By delaying delivery, JetBlue will be able to hold off paying for the planes and will save on the additional operating expenses they would bring.
"In the face of escalating fuel costs, we believe it is essential to take a more financially conservative approach to managing our business," Chief Executive Dave Barger said in a statement. "The aircraft deferrals we announced today will help us further moderate our growth rate in 2009 and beyond, which will enhance liquidity and defer future debt obligations."
http://finance.myway.com/jsp/nw/nwdt_rt.jsp?section=news&feed=ap&src=601&news_id=ap-d90u90vo3&date=20080527
this kind of stuff is just beginning. The housing bubble will just be one bubble in the froth when all is said and done.
How many Boeing sales will be cancelled or delayed ?
Tuesday May 27, 6:48 PM EDT
NEW YORK (AP) — JetBlue Airways Corp. plans to significantly slow its fleet growth, saying Tuesday it will put off buying 21 new Airbus jetliners for four to five years as it struggles to cope with soaring fuel costs.
The A320 planes, which were originally scheduled for delivery between 2009 through 2011, will now be delivered in 2014 and 2015. By delaying delivery, JetBlue will be able to hold off paying for the planes and will save on the additional operating expenses they would bring.
"In the face of escalating fuel costs, we believe it is essential to take a more financially conservative approach to managing our business," Chief Executive Dave Barger said in a statement. "The aircraft deferrals we announced today will help us further moderate our growth rate in 2009 and beyond, which will enhance liquidity and defer future debt obligations."
http://finance.myway.com/jsp/nw/nwdt_rt.jsp?section=news&feed=ap&src=601&news_id=ap-d90u90vo3&date=20080527
this kind of stuff is just beginning. The housing bubble will just be one bubble in the froth when all is said and done.
How many Boeing sales will be cancelled or delayed ?