Nine Boeing 787s delayed due to delays- report

Nine aircraft deliveries due in the first half had slipped into later periods because of manufacturer delays related to supply-chain and regulatory issues as well as labour shortages, according to Reuters- Asian aircraft lessor BOC Aviation Ltd.

The lessor said American Airlines Group Inc had received two Boeing Co 787 s this month, the first deliveries in the United States since May 2021, following the U.S. Federal Aviation Administration approval of the resumption of deliveries.

Chief Operating Officer David Walton told analysts on Thursday evening that BOC Aviation, which has a fleet of 390 owned planes, is expected to receive seven more 787 s this year.

AerCap Holdings NV and Air Lease Corp have reported airplane delivery delays.

BOC Aviation swung to a $313 million net loss in the first half, in line with the guidance provided last month, due to the $518 million after-tax impact of writedowns of 17 aircraft that remain stuck in Russia.

More than 400 leased planes, worth almost $10 billion, remain in Russia after the invasion of Ukraine forced lessors to cancel their contracts with Russian airlines, which refused to return most of the planes.

BOC Aviation filed an insurance claim in June.

Walton said he believed that the cash collateral of the lessor was the highest among its peer group, as it held 28% of the value of the planes it was able to draw down when they were not returned.

With emerging markets where we're concerned about the ability to repossess, we'll take more security, said Robert Martin, BOC Aviation Chief Executive.