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aemoreira1981
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Joined: Mon Jan 09, 2017 12:17 am

Alitalia terminates A340-500 lease with Etihad

Tue Aug 28, 2018 4:02 am

https://www.ch-aviation.com/portal/news ... ith-etihad (behind a paywall, but the title is self-explanatory)
http://www.ilsussidiario.net/News/Polit ... a-/835855/ (free, in Italian, but Google Chrome can translate it into English)

EY was willing to reduce the lease rate by 60 percent, but the new Italian government wanted to rid itself of the lease completely to save €18M (or about $21M per year). That aircraft hasn't been used much...primarily for one state visit and for UN visits to New York City-JFK in 2016 and 2017, and will be returned to Etihad for EY to dispose of it. (it had been stored orphaned from the rest of the fleet at FCO instead of CIA). For official state visits, or for UN duty, is Italy going back to its A319s, or will their government officials fly scheduled or chartered Alitalia aircraft in J? (This A345 used was a 372t example for a country that could, if it needs a wide-body head of aircraft, could simply acquire an end-of-line 242t A332 Prestige, or it could acquire a secondhand A332 even at 233t from a lessor willing to sell the frame as Australia did recently...buying ex-QF frames from CIT for its Air Force.)
 
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Dutchy
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Re: Alitalia terminates A340-500 lease with Etihad

Tue Aug 28, 2018 7:48 am

What would the resale value be for this A345? I am guessing somewhere in the neighborhood of 50m US or even less?
Many happy landings, greetings from The Netherlands!
 
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aemoreira1981
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Re: Alitalia terminates A340-500 lease with Etihad

Tue Aug 28, 2018 12:35 pm

Dutchy wrote:
What would the resale value be for this A345? I am guessing somewhere in the neighborhood of 50m US or even less?


I honestly think that, even though it's only 10 years old, unless some other country is in the market for a VIP-configured plane, the worth of an A340-500 aircraft (only 36 built) is likely more dead than alive, unless Spain or Canada are interested in a cheap replacement for their A310 aircraft, or Qatar wants another A340 (they recently acquired one from China Airlines). Even the UAE emirs decided on a B788 lease and a B789 purchase for VIP aircraft.
 
bunumuring
Posts: 2444
Joined: Wed Jan 15, 2014 2:56 pm

Re: Alitalia terminates A340-500 lease with Etihad

Sat Sep 01, 2018 11:24 pm

Hey guys,
Would the Sands group in the US be interested?
Maybe some other casino group who want to 'step up' from Gulfstreams / Global Expresses? I can't imagine that the Crown Group here in Australia would be interested, although Kerry Packer once did operate a VIP DC-8 based in Sydney.
Cheers,
Bunumuring
I just wanna live while I'm alive!
 
FatCat
Posts: 636
Joined: Thu Apr 05, 2018 2:02 pm

Re: Alitalia terminates A340-500 lease with Etihad

Tue Nov 06, 2018 8:51 am

I saw the interiors (on TV btw) when the plane was freshly delivered.
It wasn't VIP fitted. Very standard EY. with economy class seats and everything. But maybe it was retrofitted later.
This awesome bird was used less than ten times. And there were two or three crews specially trained.
Anyway, planes for Gvt flights are not operated by AZ, but from the Air Force, 31° Stormo, 93° and 306° Gruppo Volo. All other planes ( the A319CJs, the Falcons 50 and 900EX and the helicopters ) have all military registration.
Strange that I-TALY hadn't.
May my post not hurt your feelings
 
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Slug71
Posts: 1172
Joined: Wed Jan 04, 2017 6:08 am

Re: Alitalia terminates A340-500 lease with Etihad

Tue Nov 06, 2018 3:51 pm

aemoreira1981 wrote:
Dutchy wrote:
What would the resale value be for this A345? I am guessing somewhere in the neighborhood of 50m US or even less?


I honestly think that, even though it's only 10 years old, unless some other country is in the market for a VIP-configured plane, the worth of an A340-500 aircraft (only 36 built) is likely more dead than alive, unless Spain or Canada are interested in a cheap replacement for their A310 aircraft, or Qatar wants another A340 (they recently acquired one from China Airlines). Even the UAE emirs decided on a B788 lease and a B789 purchase for VIP aircraft.


The South African government is looking for 2 ViP aircraft, but doubt they have the funds.
 
bunumuring
Posts: 2444
Joined: Wed Jan 15, 2014 2:56 pm

Re: Alitalia terminates A340-500 lease with Etihad

Wed Nov 07, 2018 11:53 pm

Hey guys,
With South African still flying A340-600s, wouldn't an A340-500 sold dirt cheap be an easy decision for a SAAF AF1? It would certainly have the hot-and-high capabilities needed!
I wish, from a purely avgeek perspective, that our Air Force here in Australia had purchased a couple of A340-500s for VIP/personnel transport and kept the two ex-QF A330s being converted at the moment as pure tankers.....
My one return flight on an A340-500 was a dream - loved the plane and it looks so good, so well proportioned!
Cheers,
Bunumuring
I just wanna live while I'm alive!

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