Chicago - United Airlines expands its acquisition strategy for used aircraft. The US carrier will add at least three second-hand Boeing 767-300ER to its fleet in 2018.
The 767-300ERs come from Hawaiian Airlines and will join the United fleet in the second half of 2018. Hawaiian, which expects nine A321neo and A330neo, plans to withdraw its 767s from the service this year.
While the United's 767s aren't the only aircraft from the second-hand market, the final fleet plan of United leaves the door open for another 24 used aircraft in 2018.
I love used planes, as many of you know, and there will be much more used aircraft that we can talk about over time,said Andrew Levy, Chief Financial Officer of United.
In May 2015, United signed a lease agreement for 25 used Airbus A319 with AerCap, whose deliveries are scheduled between 2016 and 2021. 14 of them have already joined the United's fleet. Another six will join in the last quarter of 2018
In addition to adding capacity via used aircraft, United has improved its balance sheet by buying the aircraft it rents at the time. Last year, the US carrier bought 46 leased aircraft, said Levy, and another 60 leased aircraft will expire in 2018.
We probably will not buy all 60 planes, but it is a very effective way to add capacity to your fleet or maintain your fleet instead of buying new aircraft,said Levy.