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AYR » Topics » A portion of the New A330 Aircraft to be purchased under the Airbus A330 Agreement represent a new cargo variant of a passenger model and there is currently no well developed market for this aircraft model.These excerpts taken from the AYR 10-K filed Mar 2, 2009. A
portion of the New A330 Aircraft to be purchased under the
Airbus A330 Agreement represent a new cargo variant of a
passenger model and there is currently no well developed market
for this aircraft model.
Under the Airbus A330 Agreement, we have committed to acquire 12
New A330 Aircraft with deliveries scheduled for 2010 through
2012, of which seven are scheduled to be delivered in freighter
configuration, subject to our right to elect to change four of
these positions to alternative A330 models. While the Airbus
A330 family is a successful passenger configuration aircraft,
neither Airbus nor any leasing companies holding A330-200F order
positions has placed any significant number of order positions
with cargo operators and there is no assurance that a robust
market will develop for the A330-200F model, which forms part of
our order commitment. If such a market fails to develop, or
fails to develop sufficiently in advance of our delivery
positions, we may not be able to lease any A330-200F model
aircraft at attractive lease rates or on favorable terms and the
long-term residual value of any A330-200F aircraft we purchase
from Airbus may be less than expected, which may adversely
affect our financial condition and results of operation.
Table of Contents
A portion of the New A330 Aircraft to be purchased under the Airbus A330 Agreement represent a new cargo variant of a passenger model and there is currently no well developed market for this aircraft model. Under the Airbus A330 Agreement, we have committed to acquire 12 New A330 Aircraft with deliveries scheduled for 2010 through 2012, of which seven are scheduled to be delivered in freighter configuration, subject to our right to elect to change four of these positions to alternative A330 models. While the Airbus A330 family is a successful passenger configuration aircraft, neither Airbus nor any leasing companies holding A330-200F order positions has placed any significant number of order positions with cargo operators and there is no assurance that a robust market will develop for the A330-200F model, which forms part of our order commitment. If such a market fails to develop, or fails to develop sufficiently in advance of our delivery positions, we may not be able to lease any A330-200F model aircraft at attractive lease rates or on favorable terms and the long-term residual value of any A330-200F aircraft we purchase from Airbus may be less than expected, which may adversely affect our financial condition and results of operation.
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