First Airbus A380 superjumbo to exit service awaits new owner or scrapyard » Manila Bulletin Business

Manila Bulletin Philippines

Breaking News from the Nation's leading newspaper

Tempo

Online Newspaper

Showbiz and Celebrity News

Sports News

World News
News Asia

The Nation's Leading Newspaper

Wednesday, November 22, 2017

First Airbus A380 superjumbo to exit service awaits new owner or scrapyard

Published

By Bloomberg

The first Airbus SE superjumbo to exit service will be stored minus its engines at a French airfield next week as its owner seeks a new operator for a plane that while still relatively young in industry terms has fallen out of favor with airlines.

The A380 will be returned to leasing firm Dr. Peters after 10 years of service with  Singapore Airlines Ltd., the model’s first customer. With Airbus struggling to win orders for the double-decker and no second-hand market established, the aircraft will be parked at Tarbes in the foothills of the French Pyrenees.

A Singapore Airlines Ltd. Airbus SAS A380 aircraft approaches for landing at Changi Airport in Singapore, on Wednesday, Oct. 31, 2012. Singapore Air is scheduled to release first-half earnings on Nov. 2. Photographer: Munshi Ahmed/Bloomberg

Dr. Peters, which owns four A380s, told Bloomberg that talks with potential new users of the plane continue and that it remains “optimistic” about agreeing a deal. At the same time, the jet’s engines will be removed and returned to their manufacturer Rolls-Royce Holdings Plc. for rental to other operators in a move that could buy the aircraft time or prove a prelude to its scrapping.

Three more Singapore Air A380s are set to return to Dr. Peters in January, April and June next year, with a fourth to be sent to Doric, another leasing firm, in March. The aircraft are being retired as the Asian carrier takes delivery of five new superjumbos to bring down the average age of the fleet and offer the latest through-life enhancements.

Storing an A380 with no new operator in sight represents a setback for Airbus as it seeks to save the program through the sale of about 20 new planes to Emirates, the largest operator of the model. That deal could come next week at the Dubai Air Show and would help shore up build rates that have been repeatedly cut as orders dry up.

Airbus struck a blank on selling new A380s last year and has offered to revamp the model with fuel-saving winglets and 80 extra seats on top of the standard 550 to improve its appeal.

Tarbes-Lourdes-Pyreenees airport, located 75 miles from Airbus’s Toulouse headquarters in southwest France, is a popular parking site for jetliners. Tarmac Aerosave, Europe’s biggest aircraft storage company, says it can accommodate 25 planes there and hundreds more at Teruel, Spain.

Tags: , , ,

Related Posts