We’ve already accelerated the retirement plan for the MD-88 and MD-90 and parked more than 650 jet total.”. Delta Air Lines is accelerating the retirement of its Boeing 777 fleet, as the airline continues to make cost-saving measures amid the coronavirus pandemic. A crowd gathered around the airport to watch the largest aircraft... © Copyright 2020 Airways International, Inc. All rights reserved. The retirement will accelerate the airline’s strategy to simplify and modernize its fleet, while continuing to operate newer, more cost-efficient aircraft. The CEO wrote, “The 777 played an important role with Delta since 1999, allowing us to open new long-haul markets and grow our international network as we transformed into a global airline. On Thursday, Delta Air Lines announced that it would be retiring its Boeing 777s early as a result of the COVID-19 pandemic. Delta’s CEO Ed Bastian states today in an internal memo that the airline continues to take action to protect Delta’s cash, jobs, and future, … Opinions expressed by Forbes Contributors are their own. Here’s Why That’s No Reason to Sell the Stock. The impairment cost is high since Delta owns all 18 777s. A bolder move was Delta's May decision to retire its Boeing 777 fleet by year-end. Indeed, my former airline retired their 777s at roughly the same age. Following the retirement of its 18 777s, Delta’s long-haul routes will be flown exclusively by the company’s A330s and A350-900s. 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I am particularly interested in aeropolitics, cross-border investments, partnerships, transformations, new revenue growth and start-ups. Secondly, the older an aircraft becomes, the more maintenance it requires. According to the memo, parking the Boeing 777 fleet will provide significant cost savings over the next several years, in addition to closing the tap on DL’s cash hemorrhage. The 777 has not been a core part of Deltaâs fleet the way it is at American Airlines and United Airlines, which have over 60 777s each. About half of Deltaâs 777 fleet is still relatively young, likely driving the impairment cost although Delta did not state a breakdown. Delta's refurbished 777 included new seats with doors in business class. 77Es and 773s also face the axe, with pre-2000-build frames have a tough time to find a new operator. A Global Review of Commercial Flight since 1994: the leading Commercial Aviation publication in North America and 35 nations worldwide. MIAMI — Delta Air Lines took delivery of its very last factory-fresh Boeing aircraft—the 130th 737-900(ER) to join its fleet.From now on, what used to be one of Boeing’s largest customers, has only scheduled for delivery brand-new Airbus planes. You may opt-out by. The coronavirus pandemic has claimed another victim in the fleets of U.S. airlines with Delta Air Lines saying that it will retire its Boeing 777s. I have been covering airlines and aerospace in Asia-Pacific for 10 years. Delta Air Lines Inc. plans to retire its 777 jumbo jets made by Boeing Co. and replace them with Airbus SE aircraft in another hit for the beleaguered U.S. plane maker. Delta Air Lines will be retiring its entire fleet of 18 777's by the end of 2020. Enraged And Isolated, Donald Trump Still Has Sole Control Of Americaâs Nukes, After President Stokes Anger, Right-Wing Extremists Occupy U.S. Capitol, Russiaâs Modernized Air Force Is Smaller But More CapableâHereâs What Itâs Procuring Next. 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