ILFC chief recommends Airbus and Boeing slash production by 25%

"Leasing companies today recommended that Airbus and Boeing should slash production by about 25 percent due to the current difficulties faced by operators and lessors in financing aircraft in today's economic environment. ILFC chief Steven Udvar-Hazy believes a 25-to-30 percent cut makes sense, while others on a leasing panel today at ISTAT suggested "similar" reductions, albeit at a slightly lesser range. Whatever the amount, Udvar-Hazy believes it is "inevitable" there is going to be production cuts, "it's just a matter of when and to what degree". Next