ILFC warns India: Aeroplane repossession row could scare off funds

Kingfisher airlines

The waiting list for some types of aircraft has grown to unprecedented levels of 6-7 years and cannot be pushed out even further because buyers cannot plan that far ahead, he said, adding a more sustainable backlog would be 3-4 years.

Just as airlines overbook seats to protect their income in the event passengers cancel, plane manufacturers use exactly the same strategy on the airlines by selling more aircraft than they can actually make in the expectation that some will cancel.

"I don't know if they are over-selling; I think they are very smart and both Airbus and Boeing have mastered the art of overbooking, like the airlines around the world," Courpron said.

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