Air Lease Corporation (ALC) Chairman Steven Udvar-Hazy is still not convinced that the market really needs the passenger version of the Boeing 777X. The operating costs per seat of the big twin-jet are higher and the 787-10 is doing better. It is one of the reasons that lessors have yet to invest in the aircraft, Udvar-Hazy said on September 6 during the Deutsche Bank Finance & Leasing Conference.
Udvar-Hazy has been a big fan of the original triple seven and noted that during his spell with ILFC and ALC, he has ordered over 110 777-200ERs and -300ERs. “It is still a workhorse and has replaced many Airbus A380s flying.” But the 777X, either in the 777-9 and -8F freighter version, is still absent from ALC’s backlog as Udvar-Hazy thinks it is hard to justify the investment.
Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016.
Richard is contributing to AirInsight since December 2018. He also writes for Airliner World, Aviation News, Piloot & Vliegtuig, and Luchtvaartnieuws Magazine. Twitter: @rschuur_aero.
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