Air Lease warns on jet output, urges Boeing to develop new model

CEO of Air Lease Corp. Steven Udvar-Hazy (L) rings the New York Stock Exchange bell alongside CEO of Boeing Commercial Airplanes Ray Conner (R) at the Farnborough Airshow 2012 in southern England July 9, 2012. REUTERS/Luke MacGregor/Files

March 16 (Reuters) - Leasing pioneer Steven Udvar-Hazy cast doubt on the production ambitions of leading planemakers on Wednesday and called on Boeing (BA.N) to revisit longer-term plans for a new mid-market jet with 200-plus seats to close a gap with Airbus (AIR.PA).

The executive chairman of Air Lease (AL.N) said production targets of the two planemakers were "highly optimistic" and told the J.P. Morgan Industrials Conference: "We're much more realistic and do not anticipate that they'll be able to reach those targets in the timeframes that they've stated."

Reporting by Tim Hepher Editing by David Goodman

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