Air Lease chairman says progress payments to Airbus, Boeing under scanner By Reuters

Air Lease chairman says progress payments to Airbus, Boeing under scanner

Stock Markets Aug 04, 2022 05:45PM ET

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Air Lease chairman says progress payments to Airbus, Boeing under scanner

(Reuters) - Air Lease (NYSE:AL) Corp's chairman said on Thursday the lessor will examine progress payments that the company makes to Boeing (NYSE:BA) Co and Airbus SE (OTC:EADSY), as deliveries of aircraft get delayed due to labor and engine shortages.

"Now that we're experiencing these sustained delays from both Boeing and Airbus, we're going to look at that very carefully," Chairman Steven Udvar-Hazy said during an investor call.

Both Boeing and Airbus did not immediately respond to requests for comment.

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