Lease rates are falling, aircraft cancellations are mounting, and airlines are considering further capacity cuts. The prospects for Airbus and Boeing to end the year without white tails—aircraft coming off the production line with no customer —look increasingly bleak. In January, Airbus and Boeing saw cancellations outpace orders. International Lease Finance Corp. founder Steven Udvar-Hazy projects Airbus and Boeing may have to trim output 35% to adapt to the market. Udvar-Hazy has ...


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