Air Lease warns on jet output, urges Boeing to develop new model

Air Lease warns on jet output, urges Boeing to develop new model
CEO of Air Lease Corp. Steven Udvar-Hazy rings the New York Stock Exchange bell alongside CEO of Boeing Commercial Airplanes Ray Conner at the Farnborough Airshow 2012 in southern England

– Leasing pioneer Steven Udvar-Hazy cast doubt on the production ambitions of leading planemakers on Wednesday and called on Boeing to revisit longer-term plans for a new mid-market jet with 200-plus seats to close a gap with Airbus.

The executive chairman of Air Lease said production targets of the two planemakers were “highly optimistic” and told the J.P. Morgan Industrials Conference: “We’re much more realistic and do not anticipate that they’ll be able to reach those targets in the timeframes that they’ve stated.”

(Reporting by Tim Hepher; Editing by David Goodman)

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