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Sale Not The Mysterious A380 Customer  
User currently offlineB757300 From United States of America, joined Dec 2000, 4114 posts, RR: 22
Posted (13 years 9 months 5 days 6 hours ago) and read 1768 times:

Singapore Aircraft Leasing Rejects Airbus Offer for A380 Jets


Singapore, March 1 (Bloomberg) -- Singapore Aircraft Leasing Enterprise, part owned by Singapore Airlines Ltd., said it decided not to buy four Airbus Industrie A380 superjumbos estimated at $900 million.

Singapore Aircraft Leasing had been in talks with Airbus for sometime, hoping to use orders by Singapore Airlines and a partner carrier to cut the price of the proposed plane. The company declined to comment on why it opted not to buy the jets.

``We turned down the offer,'' said Robert Martin, managing director of Singapore Aircraft Leasing. ``I don't know who bought the four but it wasn't us.''

The decision is a blow to Airbus, which is trying to win its second order from an aircraft leasing company for the 550-seat jetliner to widen its customer base. The A380 will be the world's largest airliner when it begins commercial service in 2006, eclipsing Boeing Co.'s 747.

Singapore Airlines last year ordered 10 A380s to be delivered from 2006, with an option to buy 15 more. The package, with engines and spares, is valued at $8.6 billion. Singapore Airlines' 49 percent-owned unit, Virgin Atlantic Airways, also ordered six A380s with an option for six more, at a price tag of $3.8 billion including engines and spares.

Airbus said this week it had a separate order for an additional four aircraft from a customer it declined to identify, counting the purchase as a certainty in its overall A380 order tally of 66.

International Lease Finance Corp., among the biggest customers for both Boeing and Airbus, said last year it planned to buy five superjumbos from Airbus.

Airbus is 80 percent owned by the European Aeronautic, Defense and Space Co. It completes detailed negotiations on the financing of all the A380s before they are considered firm orders.

Boeing is planning a ``stretched'' version of its 747. It has yet to win any orders for the plane, which would add about 100 seats to the 747's usual layout of 416.

Singapore Airlines shares traded at S$14.60 by the midday break, down 1.3 percent of the day. European Aeronautic shares yesterday fell 0.11 euro (10 cents) to 22.5 euros, while Boeing shares fell $1.50 to $62.20.

Feb/28/2001 23:59 ET

For more stories from Bloomberg News, click here.

(C) Copyright 2001 Bloomberg L.P.



Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News.

The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 2001 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.



"There is no victory at bargain basement prices."
11 replies: All unread, jump to last
 
User currently offlineAirbusDriver From United States of America, joined Feb 2001, 255 posts, RR: 1
Reply 1, posted (13 years 9 months 5 days 6 hours ago) and read 1715 times:

A blow to Airbus???because they didn't not buy 4 planes???

i see the article is from bloomberg, no surprise here,it look like a very biased article.

the real blow is to boeing because NOBODY bought any B747X...


User currently offlineGerardo From Spain, joined May 2000, 3481 posts, RR: 31
Reply 2, posted (13 years 9 months 5 days 4 hours ago) and read 1697 times:

OK, it's not SALE. But the real important question is. who is the final operator? I'd say, that a this misterious customer is a leasing company, and the final operator CX. That would be great.  Smile/happy/getting dizzy

BTW, AirbusDriver, on your profile you have as your homepage "airbus.com". This is indeed a fine website, which you have put together. Although, it looks exactly like the official AIrbus website  Wink/being sarcastic  Smile/happy/getting dizzy  Wink/being sarcastic

Regards
Gerardo
http://fly.to/zrh
http://groups.yahoo.com/group/airbus



dominguez(dash)online(dot)ch ... Pushing the limits of my equipment
User currently offlineAirmale From Botswana, joined Sep 2004, 380 posts, RR: 1
Reply 3, posted (13 years 9 months 5 days 2 hours ago) and read 1676 times:

The mysterious customer is no more a mystery, its Qatar Airways from the Middle east, theyve ordered 4 A380s two confirmed and two options Smile


.....up there with the best!
User currently offlineNUair From Malaysia, joined Jun 2000, 1181 posts, RR: 0
Reply 4, posted (13 years 9 months 5 days 2 hours ago) and read 1675 times:

Airmale I hope your joking!!

Check the other 10-15 forums on this subject. Qatar is the ninth customer for the A380 the eigth customer is still unknown and they have firm orders for 4 aircraft and possibly 10 options. Qatar has 2 orders with 2 options.

You can also check airbus.com for all the latest on this subject.

NUair



"How Many Assholes we got on this ship?" - Lord Helmet
User currently offlineAirmale From Botswana, joined Sep 2004, 380 posts, RR: 1
Reply 5, posted (13 years 9 months 5 days 2 hours ago) and read 1674 times:

Singapore Airlines
Qantas
Emirates
Qatar Airways
Fed Ex?
which are the others Confused



.....up there with the best!
User currently offlineSIN_SQ From Singapore, joined Oct 2000, 80 posts, RR: 0
Reply 6, posted (13 years 9 months 5 days 1 hour ago) and read 1654 times:

Orders placed for A380 (either passengers version or cargo version or both).

1) Emirates - 7 firm orders
2) Air France - 10 firm orders
3) International Lease Finance Corporation - 5 firm orders
4) Singapore Airlines - 10 firm orders
5) Virgin Atlantic - 6 firm orders
6) Qantas - 12 firm orders
7) Federal Express - 10 firm orders
8) Qatar Airways - 2 firm orders
9) unidentified customer - 4 firm orders

Total number of firm orders - 66.
Total number of customers- 9.



User currently offlineNotarzt From Germany, joined Dec 2000, 642 posts, RR: 1
Reply 7, posted (13 years 9 months 4 days 23 hours ago) and read 1636 times:

SIN_SQ,

Although I am not a fan of hair-splitting, but I understand that some "customers" for the A380 just announced or signed a Letter of Intent, which includes all 10 orders for Federal Express, all 5 for ILFC, and all 2 for Qatar Airways (may be more, I am not aware of this). Although these might be converted into firm orders later, the current status is just "Letter of Intent", I assume.

Daniel


User currently offlineNotarzt From Germany, joined Dec 2000, 642 posts, RR: 1
Reply 8, posted (13 years 9 months 4 days 23 hours ago) and read 1633 times:

SIN_SQ,

Although I am not a fan of hair-splitting, I understand that some "customers" for the A380 just announced or signed a Letter of Intent, which includes all 10 orders for Federal Express, all 5 for ILFC, and all 2 for Qatar Airways (may be more, I am not aware of this). Although these might be converted into firm orders later, the current status is just "Letter of Intent", I assume.

Daniel


User currently offlineRayChuang From United States of America, joined Jun 2000, 8031 posts, RR: 5
Reply 9, posted (13 years 9 months 4 days 21 hours ago) and read 1606 times:

I still think that the "unidentified" customer is very likely CX. The reason is simple: they need the capacity, especially on the HKG routes to LHR, NRT, SIN, and SYD.

User currently offlineMt99 From United States of America, joined May 1999, 6651 posts, RR: 6
Reply 10, posted (13 years 9 months 4 days 18 hours ago) and read 1566 times:
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Isn't SALE part of the same company as SQ? and therefore part of VS?. The "holding" compamny therefore has ordered 16 A380.. The largest costumer?

hardly a blow

Im I wrong?



Step into my office, baby
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13745 posts, RR: 19
Reply 11, posted (13 years 9 months 4 days 18 hours ago) and read 1556 times:

No! VS is part of Singapore Airlines who owns part of SALE.

It's a shame it ain't SALE. However, it should have been

So who is it?

Let's rule out some then

UAL - No (BPC - Big Press Conference expected_
LLH - No - BPC
SIA - No - Options too early
BAW - No - Already said no

They're the big ones. Anyone else
It would be easier to do a process of elimination than guess.



Anyone can fly, only the best Soar.
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