We can spin this any number of different ways, but Branson is a smart guy. VS
has problems with the A346s. This is pretty well known. The A380 delivery schedule is, well, an open question. I believe it's a good call.
Waiting to see what happens with the A380 is a smart play. Even if Airbus gets everything back on track, there will be things that occur once delivery has taken place (as with every airplane), so given all the aforementioned considerations, AND
if Branson gets favorable lease rates on the existing Boeings he has (which is also fairly likely), making this decision actually helps everybody....VS
, Airbus and the carriers who really need the airplane as soon as they can get it...SQ
is the carrier I'm thinking of in particular.
Time will tell if he made the right call.
David L. Lamb, fmr Area Mgr Alitalia SFO 1998-2002, fmr Regional Analyst SFO-UAL 1992-1998