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Singapore decides not to renew A380 lease

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  • snafu
    Senior Member
    • Aug 2013
    • 2825

    Singapore decides not to renew A380 lease

    Setback for Airbus.

    Singapore Airlines has decided not to keep the first A380 it leased, delivering a fresh setback for Airbus' super-jumbo plane.
    Singapore Airlines was the launch customer for the two-deck jet in 2007.
    The airline has decided not to renew the A380 plane when the ten-year contract expires next year.
    The news comes after Airbus more than halved its delivery target for the A380, raising fears it could slip back to making a loss from the aircraft.
    A Singapore Airlines spokesperson said: "Our first five A380s are on 10-year leases, with options to extend. The first expires in October 2017, and we have decided not to extend it.
    "For the other four, decisions will be made later."
    But they added the airline had orders for five separate A380s with Airbus, which will start being delivered in the second half of 2017.
    The A380 only began breaking even for Airbus last year.
    In July, Airbus said it would still avoid losing money on the jet in 2017 with as few as 20 deliveries, but gave no further guidance.
    Analysts says that big aircraft like the A380 and Boeing's 747 series have fallen out of favour.
    Smaller jets can be more profitable as they are easier to fill and are cheaper to operate, analysts say.

    http://www.bbc.co.uk/news/business-37362488
  • TomcatViP
    Rank 5 Registered User
    • Nov 2011
    • 5959

    #2
    Conclusion is irrelevant. A failed jumbo facing difficulties to penetrate the market only imparts this market and not its competitor's products. The market segment is narrow so the effect might look devastating but they are not. Sadly Boeing has to hold its breath and wait that the smoke of Airbus failure fades away.
    There is still a market for a plane like the 747.
    Last edited by TomcatViP; 16th September 2016, 05:50.

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    • KGB
      KGB
      Senior Member
      • Mar 2016
      • 1426

      #3
      Originally posted by TomcatViP View Post
      Conclusion is irrelevant. A failed jumbo facing difficulties to penetrate the market only imparts this market and not its competitor's products. The market segment is narrow so the effect might look devastating but they are not. Sadly Boeing has to hold its breath and wait that the smoke of Airbus failure fades away.
      There is still a market for a plane like the 747.
      Looks like Boeing made the right call opting for a smaller high tech jet

      Comment

      • J Boyle
        With malice towards none
        • Oct 2004
        • 9702

        #4
        There is still a market for a large jet, the question is whether it can be built as a financially successful commercial proposition.

        Has the program broken even yet...have the various loans been repaid?
        There are two sides to every story. The truth is usually somewhere between the two.

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        • Bmused55
          Aaahh Emu!
          • Oct 2003
          • 11136

          #5
          Originally posted by KGB View Post
          Looks like Boeing made the right call opting for a smaller high tech jet
          I was once called a blind fan boy for saying exactly that on here.
          Bmused55

          Keep thy airspeed up, less the earth come from below and smite thee.

          My Blog
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          • TonyT
            Rank 5 Registered User
            • Oct 2006
            • 8960

            #6
            I would imagine it has a good future as a freighter.

            Comment

            • Bmused55
              Aaahh Emu!
              • Oct 2003
              • 11136

              #7
              They tried that. Was dropped like a hot rock when Boeing announced the 77F program. Also lots of 747s that are more suited will be available.

              Coke cans are the future for old A380s
              Bmused55

              Keep thy airspeed up, less the earth come from below and smite thee.

              My Blog
              My Designs

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