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Further to item mentioned in NetLetter #1391
Air Canada does not plan to exercise options on Boeing 787s, CFO Michael Rousseau said at a recent industry event. He cited market conditions for the decision. “We have 13 options for our B-787's,” Rousseau said at the Bank of America Merrill Lynch Transportation Conference. “We don’t see exercising those options, given the current state of the world and the current forecast of GDP.”
Air Canada has firm orders for thirty-seven B-787's, including eight -8's and twenty-nine -9's. As of March 31, the airline is operating 33 of them, and planned to take delivery of the last two by the end of 2019. It operates all the -8's ordered and is taking the remainder of its -9's.