Boeing VP Marketing Commercial Airplanes, Randy Tinseth, stated Boeing has orders for 71 aircraft (including 20 B737s, nine B767s, seven B777s and 35 B787s) worth approximately USD10 billion from JAL, 21 more than previously disclosed by the manufacturer (Bloomberg, 20-Jan-2010). The carrier reportedly plans to retire all 37 B747-400s and 16 MD-90s under the restructure plan, but will reportedly proceed with its 35 B787 orders (plus 20 options). According to Mr Tinseth, the move to ground older models may depress the resale and rental value of B747s and B767s. The carrier has no orders with Airbus.
Boeing: “It’s early in the process and it’s difficult to understand now how this will affect the market. There’s no question that they’ll work hard in reworking their network, and we’ll work with them to ensure that we meet their needs,” Randy Tinseth, VP Marketing Commercial Airplanes. Source: Bloomberg, 20-Jan-2010.