Jet Airways defers Dreamliner order, says order book empty for next 2-3 years


In a sign of further deferment of its $2.6-billion order for 10 Boeing 787-9 Dreamliners, Jet Airways told investors in a post-earnings call on Monday that the full-service airline has nothing on its order book till around 2017-18.
The airline’s current focus is on increasing aircraft utilisation, cost cutting through contract re-negotiations and process improvements, and making existing routes profitable.
“We are right now looking at more or less a flat fleet. We do have some lease expiries coming up, which we are looking to either extend or replace, but broadly, we are not looking at any substantial growth in our fleet. (We have nothing) in the order book for the next two to three years,” Abhijit Dasgupta, vice-president (planning and alliances), said.

The development comes as a surprise because Jet, which placed the Dreamliner order in 2006, was expected to take deliveries from 2016. This itself was a deferment from the first delivery target of 2015 because it had converted initial orders for the B787-8 version to the larger B787-9 version, with longer range and more capacity — 280 passengers in a three-class configuration versus 240 for the B787-8. The B787-9, which at list prices is $257 million, was expected to bolster its international routes, especially for direct flights to North America.

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