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

1 min read
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)