Aer Lingus announced today that it had delayed the delivery on A330 and A350 aircraft. The company confirmed that there was no cost penalty involved in pushing out the first of three A330 deliveries to Q3 2013 and the first A350 delivery to 2015. In addition, two leases will be exited early in an effort to cut capacity. One A330 be returned to the lessor in October of this year, 18 months ahead of schedule whilst another will be returned in March of next year, 14 months ahead of schedule.
One A330-300 will be accepted in April of next year which will bring long haul fleet strength to seven frames for it's own operations and one frame for the joint venture with United Airlines which is due to operate between Madrid and Washington.
Aer Lingus shares traded up 1% at €0.47, giving a market valuation of €253.6m.
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