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Has AC Cancelled Its 340-600 Orders Yet?  
User currently offlineBmacleod From Canada, joined Aug 2001, 2230 posts, RR: 0
Posted (9 years 1 month 3 weeks 5 days 9 hours ago) and read 3811 times:

AC CEO Robert Milton indicated that he would cancel the 340-600s on order now that AC has chosen Boeing to replace its Airbus widebodies. I'm wondering is this has already been done or is there a waiting period before AC can cancel its remaining Airbus orders.


The engine is the heart of an airplane, but the pilot is its soul.
13 replies: All unread, jump to last
 
User currently offlineAlitaliaMD11 From Spain, joined Dec 2003, 4068 posts, RR: 13
Reply 1, posted (9 years 1 month 3 weeks 5 days 9 hours ago) and read 3792 times:

I am pretty sure they have. I know VS took delivery of a A340-600 destined for Air Canada. They are also getting rid of their Airbus long-haul fleet so I doubt the order is still on.


No Vueling No Party
User currently offlineTimRees From United Kingdom, joined Aug 2001, 354 posts, RR: 0
Reply 2, posted (9 years 1 month 3 weeks 5 days 9 hours ago) and read 3760 times:

Pretty sure I read in Flight International that the A340-600's were cancelled when they ordered the 777/787's

User currently offlineNYC777 From United States of America, joined Jun 2004, 5728 posts, RR: 48
Reply 3, posted (9 years 1 month 3 weeks 5 days 9 hours ago) and read 3728 times:

They'll probably cancel it when they ink the Boeing deal within the next month and a half.


That which does not kill me makes me stronger.
User currently offlineSabenapilot From Belgium, joined Feb 2000, 2714 posts, RR: 47
Reply 4, posted (9 years 1 month 3 weeks 5 days 9 hours ago) and read 3647 times:

They'll officially cancel them as soon as they have found the millions of dollars to cover them stepping out of a binding contract.

User currently offlineAtmx2000 From United States of America, joined Oct 2004, 4576 posts, RR: 38
Reply 5, posted (9 years 1 month 3 weeks 5 days 8 hours ago) and read 3581 times:

Quoting Sabenapilot (Reply 4):
They'll officially cancel them as soon as they have found the millions of dollars to cover them stepping out of a binding contract.

You wish. They can cancel their A346 order without penalty.



ConcordeBoy is a twin supremacist!! He supports quadicide!!
User currently onlineHamlet69 From United States of America, joined Mar 2000, 2724 posts, RR: 58
Reply 6, posted (9 years 1 month 3 weeks 5 days 8 hours ago) and read 3552 times:

As NYC777 said, they'll officially be cancelled (by the airline) when the final contract is signed with Boeing. When Airbus actually takes them off their books, however, is another question entirely, considering their penchant for leaving cancelled orders listed.

Regards,

Hamlet69



Honor the warriors, not the war.
User currently offlineAccargo From Canada, joined Sep 2004, 610 posts, RR: 8
Reply 7, posted (9 years 1 month 3 weeks 5 days 7 hours ago) and read 3343 times:

Quoting Sabenapilot (Reply 4):
They'll officially cancel them as soon as they have found the millions of dollars to cover them stepping out of a binding contract.

LOL, too bad you were out when it was announced that AC had negotiated with Airbus that there would be no cancellation penalties for the A340-600 orders. It was part of AC's restructuring last year.


User currently offlineNYC777 From United States of America, joined Jun 2004, 5728 posts, RR: 48
Reply 8, posted (9 years 1 month 3 weeks 5 days 7 hours ago) and read 3325 times:

Quoting Sabenapilot (Reply 4):
They'll officially cancel them as soon as they have found the millions of dollars to cover them stepping out of a binding contract.

It seems to me that someone is rather angry about AC buying Boeing (or for that matter any airline buying Boeing).
 hissyfit 



That which does not kill me makes me stronger.
User currently offlineDAYflyer From United States of America, joined Sep 2004, 3807 posts, RR: 3
Reply 9, posted (9 years 1 month 3 weeks 5 days 7 hours ago) and read 3305 times:

Quoting Atmx2000 (Reply 5):
You wish. They can cancel their A346 order without penalty.

How do you know this for certain?



One Nation Under God
User currently offlineChrisA330 From Canada, joined Oct 1999, 630 posts, RR: 0
Reply 10, posted (9 years 1 month 3 weeks 5 days 6 hours ago) and read 3275 times:

Quoting DAYflyer (Reply 9):
How do you know this for certain?

This was publically stated by Air Canada during their CCAA proceedings. There wasn't a press release, but it was included in some of the various court documents that are publically available. I believe it was at the same time that AC negotiated to take delivery of their A340-500 after the agreement with ACPA.


User currently offlineCXYYZ From , joined Dec 1969, posts, RR:
Reply 11, posted (9 years 1 month 3 weeks 5 days 6 hours ago) and read 3192 times:

Quoting DAYflyer (Reply 9):
How do you know this for certain?

As has been stated, the cancellation penalties were dropped as part of AC's CCAA restructuring. I'm not 100% certain that the documents would be there, but check www.sedar.com or alternately, the information should be available on the Court's website.


User currently offlineAccargo From Canada, joined Sep 2004, 610 posts, RR: 8
Reply 12, posted (9 years 1 month 3 weeks 5 days 6 hours ago) and read 3114 times:

Quoting CXYYZ (Reply 11):
As has been stated, the cancellation penalties were dropped as part of AC's CCAA restructuring. I'm not 100% certain that the documents would be there, but check www.sedar.com or alternately, the information should be available on the Court's website.

It's in those documents somewhere, and also Milton mentioned it during the conference call to announce the Boeing order.


User currently offlineKeesje From , joined Dec 1969, posts, RR:
Reply 13, posted (9 years 1 month 3 weeks 5 days 6 hours ago) and read 3092 times:

Even if the have to pay penalties to undo the orders, I would expect it was part of a recently closed deal on new aircraft.

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