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Airbus Set To Win Sudan Airways Order  
User currently offlineFlying-Tiger From Germany, joined Aug 1999, 4161 posts, RR: 36
Posted (9 years 7 months 2 weeks 22 hours ago) and read 3638 times:

Source is http://asia.news.yahoo.com/050209/afp/050209180841eco.html

Airbus cancels Sudan Airways' 45 million dollar debt: minister

Photo: AFP
Click to enlarge

KHARTOUM (AFP) - European aviation consortium Airbus Industrie has cancelled the 45-million dollar debt owed to it by Sudan Airways, Sudanese Aviation Minister Ali Tamim Fartak said.

In return, the European firm will win the majority of the ailing carrier's contracts for new aircraft of various types to boost its fleet, Fartak told the official SUNA news agency.

[SNIP]


Flown: A319/320/321,A332/3,A380,AT4,AT7,B732/3/4/5/7/8,B742/4,B762/763,B772,CR2,CR7,ER4,E70,E75,F50/70,M11,L15,S20
10 replies: All unread, jump to last
 
User currently offlineFCKC From France, joined Nov 2004, 2348 posts, RR: 4
Reply 1, posted (9 years 7 months 2 weeks 22 hours ago) and read 3599 times:

Do we have any idea of the types and the numbers SD is planning to acquire?
First SD has to put some order in their house , before placing an order !!!!!!!



User currently offlineMIASkies From United States of America, joined Jun 2004, 1347 posts, RR: 1
Reply 2, posted (9 years 7 months 2 weeks 22 hours ago) and read 3580 times:

Well considering they just canceled their debt I would think they would win the order...Sudan would be obliged to go Airbus and they are in the "watch list" for all U.S. financial institution; meaning = they cannot do business w/ the U.S., meaning = No Boeing.




Nothing better than making love at 35K Feet!
User currently offlineBennett123 From United Kingdom, joined Aug 2004, 7613 posts, RR: 3
Reply 3, posted (9 years 7 months 2 weeks 22 hours ago) and read 3531 times:

So we cancel their existing debt, and then "sell" them more aircraft, and hope that they will not default again.

At the same time Sudan is on the US watch list, so they can not buy from Boeing.

Does Airbus really want this order?.

This sounds like a seriously dumb move.


User currently offlinePhaeton From Germany, joined Jan 2004, 406 posts, RR: 2
Reply 4, posted (9 years 7 months 2 weeks 21 hours ago) and read 3447 times:

Why is Sudan Airways considering first-hand aircraft? Wouldn't it be more wise for them to pick up some 15-year-old A320 or 737 standing around somewhere?


"History will be kind to me for I intend to write it.", Winston Churchill
User currently offlineN79969 From , joined Dec 1969, posts, RR:
Reply 5, posted (9 years 7 months 2 weeks 20 hours ago) and read 3338 times:

Besides the incredibly bad business sense in this decision, why on earth is anyone cutting the Sudanese government any slack whatsoever? The Sudanense government is in the middle of conducting of mass murder. Why does Airbus want to business with these people?

User currently offlineFlying-Tiger From Germany, joined Aug 1999, 4161 posts, RR: 36
Reply 6, posted (9 years 7 months 2 weeks 20 hours ago) and read 3285 times:

Well, as a cynic you could say that the US government is conducting murder in Iraq as well - so why do business with them? But that´s political and doesn´t belong here - for that there is an Off-topic Forum. We should never forget that usually moral comes after business - and that´s the case for companies from both sides of the Atlantic.

Back to the point: Sudan and the southern Sudan provinces just weeks ago signed a peace accord for the first time in decades, and except for the Dafur province it appears to be quite calm in Sudan.

Even though the article says "new aircraft" it doesn´t necessarily mean factory fresh planes. A 5 year old 320 is still a "new" aircraft. I guess we´re talking here about a mix of A320 and 330s, maybe 5 + 1. Airbus must think that cancelling the debt is making sense to them, otherwise they wouldn´t cancelled it. Maybe they don´t think that they will ever get this "old" money due to contractual issues, and they think it is better to have a fresh start than to sit on an old pile of debt they will never get. We will never know it...

[Edited 2005-02-10 16:06:42]


Flown: A319/320/321,A332/3,A380,AT4,AT7,B732/3/4/5/7/8,B742/4,B762/763,B772,CR2,CR7,ER4,E70,E75,F50/70,M11,L15,S20
User currently offlineKL808 From United States of America, joined May 1999, 1584 posts, RR: 2
Reply 7, posted (9 years 7 months 2 weeks 20 hours ago) and read 3271 times:

Well theres been talks in Paris by major bankers (read world bank) to forgive debts to a LOT of countries. this might be one of those or could be a begining of a string to come.

drew



AMS-LAX-MNL
User currently offlineMidnightMike From United States of America, joined Mar 2003, 2892 posts, RR: 14
Reply 8, posted (9 years 7 months 2 weeks 20 hours ago) and read 3235 times:

Forgiving $45 million in debt, sheesh, what makes Airbus think that they are going to pay their bills this time.


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User currently offlineDAYflyer From United States of America, joined Sep 2004, 3807 posts, RR: 3
Reply 9, posted (9 years 7 months 2 weeks 20 hours ago) and read 3183 times:

Talk about politics. Another example of a bought order from the marketing wonders at Airbus and the EU. Then they have the nerve to call Boeing's orders in Japan for the 787 "political orders". What hypocrisy.


One Nation Under God
User currently offlineFlying-Tiger From Germany, joined Aug 1999, 4161 posts, RR: 36
Reply 10, posted (9 years 7 months 2 weeks 16 hours ago) and read 3016 times:

@DAYflyer: please prove the involvement of the EU here... it appears to be a decision by Airbus only, no EU involvement whatsoever as far as I can see.


Flown: A319/320/321,A332/3,A380,AT4,AT7,B732/3/4/5/7/8,B742/4,B762/763,B772,CR2,CR7,ER4,E70,E75,F50/70,M11,L15,S20
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