V Australia defers two 777-300 deliveries

[Mal]

Virgin Blue delays plane deliveries | ASX: VBA

Virgin Blue's long-haul carrier, V Australia, has underlined the extent of the downturn in aviation after it delayed the delivery of two Boeing 777-300 aircraft for up to two years.

As foreshadowed in BusinessDay two weeks ago, Virgin today announced that it had reached agreement with Boeing to defer the delivery of its fifth and sixth 777s. It had planned to received the extended-range aircraft next year, but they will now be rescheduled for delivery in 2011 and 2012.

 

[Nigelinoz]

Seems like a fairly sensible move to me,if they don't need them at the moment then I can't see any reason to take delivery of them and have to store them somewhere and have them depreciating and not producing any revenue.

 

[albatross710]

Virgin Blue delays plane deliveries | ASX: VBA

Pity the life of a Boeing Executive. Last year, when customers were screaming for the aircraft, they couldn't deliver due to the employee strike, now they can deliver and customers are pushing back delivery.