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Will Easyjet cancel its Airbus order?

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Will Easyjet cancel its Airbus order?

Old 30th Mar 2020, 13:10
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Will Easyjet cancel its Airbus order?

https://www.forbes.com/sites/marisagarcia/2020/03/30/as-easyjet-grounds-fleet-founder-threatens-board-demanding-airbus-order-cancellation/

Is this a new beginning?
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Old 30th Mar 2020, 13:30
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Who would take it instead? FR.
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Old 30th Mar 2020, 14:25
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Originally Posted by jafar
https://www.forbes.com/sites/marisagarcia/2020/03/30/as-easyjet-grounds-fleet-founder-threatens-board-demanding-airbus-order-cancellation/

Is this a new beginning?
No, a new beginning would be Stelios resisting the temptation to chuck his weight around.
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Old 30th Mar 2020, 15:16
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If Stelios was so worried about the future of EJ he could have refused his £60m dividend payout!
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Old 30th Mar 2020, 15:37
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EJ should go back to the board for funds. Then Stelios could give back the 60m
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Old 30th Mar 2020, 17:12
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I would suggest a 4. something billion pound/euro airplane order would be the last thing to be considering if you need to increase short to medium term liquidity.
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Old 30th Mar 2020, 17:35
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EJ will probably give itís crews an option on an airbus each in lieu of a redundancy payment
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Old 30th Mar 2020, 17:55
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Might not have
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Old 30th Mar 2020, 17:56
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Might not have to cancel if they cut their fleet by 30%
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Old 30th Mar 2020, 20:28
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Originally Posted by Phantom4
Might not have to cancel if they cut their fleet by 30%
I would have thought in less than 2 months preparations for the 3rd month will be in place for an accelerated return to get business rolling again. The Governments costs must be frightening to them as each day passes, they know this can't continue a measured return for various business of course but transport is a huge driver in this bounce back.
There are some bizarre thinking cuts going on surely, this is only temporary and will require plenty of staff and take up from residual recovery speeds.
The slots will be eaten up by those that want them and those that will be out of the blocks first will capitalize.
Keeping passengers on side is key also.
BA and others will be in waiting to take the slots from others that may fall by the wayside.
Return preparations should be going on now.
Boris didn't want the second runway so if there is less take up, he and others will be happy.
Survival of the fittest in more ways than one.
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Old 30th Mar 2020, 20:32
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Originally Posted by DaveReidUK
No, a new beginning would be Stelios resisting the temptation to chuck his weight around.
This...... ☝🏻
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Old 30th Mar 2020, 20:52
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Acquiring new aircraft right now would be a act of blind faith.
It will be at least a year until the extent and nature of the sector's recovery is known.
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Old 30th Mar 2020, 22:18
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Originally Posted by jafar
https://www.forbes.com/sites/marisagarcia/2020/03/30/as-easyjet-grounds-fleet-founder-threatens-board-demanding-airbus-order-cancellation/

Is this a new beginning?
Why would it need new airplanes?
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Old 30th Mar 2020, 23:57
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Nothing will start regular flying until a vaccine is widely distributed. Minimum of 2 years. If we are lucky.
In this 2 year period Airbus and Boeing currently plan to deliver 2000 + aircraft.
This is not a 9/11 type event. No one will want a new aircraft for several years. No one will be able to afford a new aircraft.
:-)

Last edited by sheepless; 31st Mar 2020 at 00:23.
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Old 31st Mar 2020, 00:08
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What exercises my concern is the thought of travelling through an airport and availing myself of the surrounding transport infrastructure only weeks, or months after a major pandemic.

Our next holiday abroad will be next year - I want proof that this is sorted before I sit next to another pax pr queue through Security.
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Old 31st Mar 2020, 07:34
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Originally Posted by sheepless
Nothing will start regular flying until a vaccine is widely distributed. Minimum of 2 years. If we are lucky.
In this 2 year period Airbus and Boeing currently plan to deliver 2000 + aircraft.
This is not a 9/11 type event. No one will want a new aircraft for several years. No one will be able to afford a new aircraft.
:-)
That is about the most downbeat analysis of our situation yet. And that's saying something.

The reality is, as we starting to see in Italy and Spain, the population cannot be quarantined or isolated for 2 years. Life will have to get back to normal before that or we will see a complete breakdown of society.

I'm betting on a staged release of the restrictions over the next 6-9 months.
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Old 31st Mar 2020, 07:49
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How is China's airline industry doing these days? Are they slowly returning to business as normal as lockdowns seem to be ending?
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Old 31st Mar 2020, 11:36
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Have a look at flight radar and it looks a lot better than Europe. Depends on load factors but freight demand is high.
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Old 31st Mar 2020, 11:59
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Will every airline cancel most of their orders?
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Old 31st Mar 2020, 12:01
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Interesting 'take' on the situation in the Business section of The Times today.

A strange eruption on Mount Stelios
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