IATA AGM 2013: Delta plans to be opportunistic buyer of aircraft

Delta Air Lines CEO Richard Anderson told (03-Jun-2013) the IATA annual general meeting in Cape Town that the carrier does not see a need to order more aircraft although its current order book is only approximately 100 aircraft. "We think the world has changed now ... We think we are big enough to not get in line and will be opportunistic buyers of small lots at a time," Mr Anderson says. He believes about one third of orders end up being cancelled and that the best aircraft deals involve relatively new second hand aircraft. "We see residual value go straight down on relatively new airplanes and we find that quite attractive," Mr Anderson says.