B757300 From United States of America, joined Dec 2000, 4114 posts, RR: 24 Posted (12 years 9 months 2 weeks 2 days 3 hours ago) and read 1462 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
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NUair From Malaysia, joined Jun 2000, 1181 posts, RR: 0 Reply 4, posted (12 years 9 months 2 weeks 2 days ago) and read 1369 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.
"How Many Assholes we got on this ship?" - Lord Helmet
Notarzt From Germany, joined Dec 2000, 642 posts, RR: 1 Reply 7, posted (12 years 9 months 2 weeks 1 day 20 hours ago) and read 1330 times:
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.
Notarzt From Germany, joined Dec 2000, 642 posts, RR: 1 Reply 8, posted (12 years 9 months 2 weeks 1 day 20 hours ago) and read 1327 times:
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.