Airbus revealed Friday that it had 12 order cancellations in January while booking just four orders, and ILFC Chairman and CEO Steven Udvar-Hazy projected that both Airbus and Boeing will cut production over the next two years by as much as 30%-35%. Airbus currently plans to produce close to 500 aircraft this year, while Boeing's target is 480-485 units. Turkish Airlines ordered four A321s in January, but Airbus reported cancellations during the month for three A318s, two A319s, three A320s ...

Subscribe to Access this Entire Article

"Airbus sees 12 January cancellations; Udvar-Hazy projects major production cuts" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.