b757300
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Sale Not The Mysterious A380 Customer

Thu Mar 01, 2001 2:47 pm

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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AirbusDriver
Posts: 228
Joined: Mon Feb 05, 2001 8:01 am

RE: Sale Not The Mysterious A380 Customer

Thu Mar 01, 2001 2:57 pm

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...
 
gerardo
Posts: 3372
Joined: Sun May 21, 2000 6:22 pm

RE: Sale Not The Mysterious A380 Customer

Thu Mar 01, 2001 4:58 pm

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
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airmale
Posts: 7125
Joined: Fri Sep 17, 2004 4:48 pm

RE: Sale Not The Mysterious A380 Customer

Thu Mar 01, 2001 6:19 pm

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!
 
NUAir
Posts: 1144
Joined: Thu Jun 08, 2000 4:24 am

Airmale

Thu Mar 01, 2001 6:27 pm

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
 
airmale
Posts: 7125
Joined: Fri Sep 17, 2004 4:48 pm

RE: Sale Not The Mysterious A380 Customer

Thu Mar 01, 2001 6:42 pm

Singapore Airlines
Qantas
Emirates
Qatar Airways
Fed Ex?
which are the others Confused
.....up there with the best!
 
SIN_SQ
Posts: 73
Joined: Tue Oct 24, 2000 2:36 pm

Airmale

Thu Mar 01, 2001 8:06 pm

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.

 
Notarzt
Posts: 646
Joined: Sun Dec 03, 2000 2:45 am

RE: Sale Not The Mysterious A380 Customer

Thu Mar 01, 2001 9:33 pm

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
 
Notarzt
Posts: 646
Joined: Sun Dec 03, 2000 2:45 am

RE: Sale Not The Mysterious A380 Customer

Thu Mar 01, 2001 9:33 pm

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 avatar
RayChuang
Posts: 8029
Joined: Sat Jun 24, 2000 7:43 am

RE: Sale Not The Mysterious A380 Customer

Thu Mar 01, 2001 11:18 pm

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.
 
mt99
Posts: 6166
Joined: Wed May 26, 1999 5:41 am

Blow To Airbus?

Fri Mar 02, 2001 2:50 am

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
 
SInGAPORE_AIR
Posts: 11619
Joined: Mon Nov 13, 2000 4:06 am

RE: Sale Not The Mysterious A380 Customer

Fri Mar 02, 2001 3:03 am

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.
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