Airbus’ New Orders And Cancellations

Airbus reported their 2022 orders and deliveries a handful of days ago. With that came news that the manufacturer saw cancellations for aircraft.

Lease Corporation International, or LCI, is an aviation leasing servicing company based out of Dublin, Ireland, that announced it had cancelled 17 Airbus A220-300s orders. This shows that LCI’s backlog with Airbus has diminished to 0.

Meanwhile, Macquarie Financial Holdings also cancelled an A220-300. AirFinance, as they’re known, is a global aviation lessor that provides aircraft and capital to airlines.

While reporting aircraft cancellations, a common occurrence at the end of each calendar year, Airbus also said new orders. 16 total widebody orders came in December 2022 alone for the European plane maker.

Notably, four orders were confirmed from an unidentified customer for the newly launched A350 freighter. The A350 freighter will enter into service midway through this decade and be a modern freighter solution for companies.

CIT Leasing announced they had ordered 10 A330-900s, part of the wider A330neo family. A re-engined option to the classic A330 series. The A330-900 thus far has been overwhelmingly more successful than the smaller A330-800.