Flying-Tiger
Topic Author
Posts: 3923
Joined: Mon Aug 23, 1999 5:35 am

Airbus Set To Win Sudan Airways Order

Thu Feb 10, 2005 10:02 pm

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
 
FCKC
Posts: 1630
Joined: Sun Nov 21, 2004 9:39 pm

RE: Airbus Set To Win Sudan Airways Order

Thu Feb 10, 2005 10:08 pm

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 !!!!!!!

 
miaskies
Posts: 1231
Joined: Thu Jun 10, 2004 3:08 am

RE: Airbus Set To Win Sudan Airways Order

Thu Feb 10, 2005 10:12 pm

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!
 
bennett123
Posts: 7426
Joined: Sun Aug 15, 2004 12:49 am

RE: Airbus Set To Win Sudan Airways Order

Thu Feb 10, 2005 10:27 pm

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.
 
Phaeton
Posts: 398
Joined: Sat Jan 24, 2004 7:19 pm

RE: Airbus Set To Win Sudan Airways Order

Thu Feb 10, 2005 10:48 pm

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
 
N79969
Posts: 6605
Joined: Tue Jan 29, 2002 1:43 am

RE: Airbus Set To Win Sudan Airways Order

Thu Feb 10, 2005 11:50 pm

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?
 
Flying-Tiger
Topic Author
Posts: 3923
Joined: Mon Aug 23, 1999 5:35 am

RE: Airbus Set To Win Sudan Airways Order

Fri Feb 11, 2005 12:03 am

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
 
KL808
Posts: 1534
Joined: Thu May 20, 1999 3:49 am

RE: Airbus Set To Win Sudan Airways Order

Fri Feb 11, 2005 12:05 am

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
 
MidnightMike
Posts: 2810
Joined: Thu Mar 06, 2003 10:07 am

RE: Airbus Set To Win Sudan Airways Order

Fri Feb 11, 2005 12:11 am

Forgiving $45 million in debt, sheesh, what makes Airbus think that they are going to pay their bills this time.
NO URLS in signature
 
DAYflyer
Posts: 3546
Joined: Wed Sep 08, 2004 9:35 pm

RE: Airbus Set To Win Sudan Airways Order

Fri Feb 11, 2005 12:21 am

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
 
Flying-Tiger
Topic Author
Posts: 3923
Joined: Mon Aug 23, 1999 5:35 am

RE: Airbus Set To Win Sudan Airways Order

Fri Feb 11, 2005 3:47 am

@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

Who is online

Users browsing this forum: Austin787, BigGSFO, Bing [Bot], BobPatterson, czpdx, eccjeep, grbauc, jimbo737, LAX772LR, msycajun, nikeson13, qfatwa, res77W, stlgph, wjcandee, xcltflyboy and 222 guests