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Airbus Agrees To Compensation For Delay  
User currently offline777DadandJr From United States of America, joined Feb 2005, 1516 posts, RR: 13
Posted (7 years 6 months 1 week 4 days 10 hours ago) and read 1314 times:

Not sure if this is new or old news, but I just came across it this morning. I did a search but didn't find anything.
My apologies if this has been covered already.

BBC Reports:
Airbus has agreed to Compensate airlines for A380 delays.

http://news.bbc.co.uk/1/hi/business/4427270.stm

Russ


My glass is neither 1/2 empty nor 1/2 full, rather, the glass itself is twice as big as it should be.
1 replies: All unread, jump to last
 
User currently offlineLeelaw From , joined Dec 1969, posts, RR:
Reply 1, posted (7 years 6 months 1 week 4 days 9 hours ago) and read 1279 times:

"It is standard practice... payments will be made for each day of delay in delivery," said John Leahy, chief operating officer for customers.

"It is not an enormous amount of money considering how much the aircraft is worth."

IIRC, Mr. Humbert has also said that compensation will be relatively small, can be "unwound" internally, and doesn't require setting up accounting reserves for potential litigation.
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