Bogi
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A380 Discount About 30% In 2008 (LesEchos: AF-KLM)

Tue Apr 16, 2013 9:55 am

€ 149 Mio. and the list price was $ 280 million, so about 30 percent discount.

Is it usual and good?

http://www.lesechos.fr/entreprises-s...apport-d-air-france-klm-558112.php
 
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zeke
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RE: A380 Discount About 30% In 2008 (LesEchos: AF-KLM)

Tue Apr 16, 2013 10:09 am

Do they lease their engines and APU ?
We are addicted to our thoughts. We cannot change anything if we cannot change our thinking – Santosh Kalwar
 
art
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RE: A380 Discount About 30% In 2008 (LesEchos: AF-KLM)

Tue Apr 16, 2013 10:11 am

149/280=0.532 (€ 149 million instead of € 280 million = about 47% discount)

[Edited 2013-04-16 03:12:10]
 
astuteman
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RE: A380 Discount About 30% In 2008 (LesEchos: AF-KLM)

Tue Apr 16, 2013 10:40 am

Quoting art (Reply 2):
149/280=0.532 (€ 149 million instead of € 280 million = about 47% discount)

Careful.
149M EUROS vs 280M DOLLARS.....
That may well be a 30% discount, dependent upon the exchange rate back in 2001.

For what its worth the average exchange rate in 2001 was about $1.12/E, making E149M become $167M (which is still 40% discount)
But the spread is quite large.

Also Airbus may have hedged differently, which could alter the calculation.

It as always also begs the question of apples for apples, as list includes everything, including engines and Customer furnished equipment, whereas the actual contract price may have a different content (e.g. excluding engines and CFE)

There's more than enough caveats there to be going on with  

Rgds
 
PanHAM
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RE: A380 Discount About 30% In 2008 (LesEchos: AF-KLM)

Tue Apr 16, 2013 10:40 am

No, 30% doscount is correct, depending on the exchange rate of the US$ the quoted list price is approximately +/- 200 million €
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KarelXWB
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RE: A380 Discount About 30% In 2008 (LesEchos: AF-KLM)

Tue Apr 16, 2013 10:48 am

Emirates received even 50% discount on some early frames (price without engines I believe).
Close, but no cigar http://vine.co/v/OjqeYWWpVWK
 
art
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RE: A380 Discount About 30% In 2008 (LesEchos: AF-KLM)

Tue Apr 16, 2013 10:56 am

Quoting PanHAM (Reply 4):
No, 30% doscount is correct, depending on the exchange rate of the US$ the quoted list price is approximately +/- 200 million €

My mistake. Sorry, did not pay attention.
 
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Stitch
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RE: A380 Discount About 30% In 2008 (LesEchos: AF-KLM)

Tue Apr 16, 2013 1:32 pm

30-40% is well within industry norms for a widebody.

Emirates sold MSN 077 to Nimrod Capital LLC for USD 234,000,000 in October 2011, which was 38% off the USD 375 million 2011 list price. The plane was ordered in 2001, when the list price was USD 251,000,000, however there would have been a Price Revision Formula in effect during the decade between order and delivery. Based on the formula rate I have seen in Airbus contracts, that would have added about $100 million to the price, though Airbus may have reduced that a bit since the plane was likely delivered later than originally contracted due to the production delays.

[Edited 2013-04-16 06:34:27]
 
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zeke
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RE: A380 Discount About 30% In 2008 (LesEchos: AF-KLM)

Wed Apr 17, 2013 11:37 am

Quoting Stitch (Reply 7):
Emirates sold MSN 077

But EK lease their engines and APUs dont they ?
We are addicted to our thoughts. We cannot change anything if we cannot change our thinking – Santosh Kalwar
 
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Stitch
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RE: A380 Discount About 30% In 2008 (LesEchos: AF-KLM)

Wed Apr 17, 2013 12:07 pm

Quoting zeke (Reply 8):
But EK lease their engines and APUs dont they?

Could be. Nimrod LLC did not mention whether or not the price included engines and BFE.
 
Azure
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RE: A380 Discount About 30% In 2008 (LesEchos: AF-KLM)

Wed Apr 17, 2013 4:40 pm

This amount does not refer to a purchase price but to a operating lease contract... It does make a difference.

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