Moderators: jsumali2, richierich, ua900, PanAm_DC10, hOMSaR

  • 1
  • 2
  • 3
  • 4
  • 5
  • 7
 
mffoda
Topic Author
Posts: 1099
Joined: Thu Apr 15, 2010 4:09 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:12 pm

As speculated by some, Skymark is cancelling their A380 order.

"Airbus Group (AIR) NV has agreed to drop an order for six A380 superjumbos by Japanese low-cost airline Skymark Airlines Inc. (9204), said people familiar with the decision, in a blow to a program that’s struggled to keep customers."

Forgot link...

http://www.bloomberg.com/news/2014-0...380-jets-with-japan-s-skymark.html

[Edited 2014-07-28 07:13:59]
harder than woodpecker lips...
 
scouseflyer
Posts: 2193
Joined: Wed Apr 26, 2006 7:02 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:19 pm

With one flyer and another in final assembly - BC are going to be taking a massive hit on cancelling this so late!
 
MaverickM11
Posts: 18413
Joined: Thu Apr 06, 2000 1:59 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:21 pm

Quoting scouseflyer (Reply 1):
With one flyer and another in final assembly - BC are going to be taking a massive hit on cancelling this so late!

Yeah what happens to these shells? Maybe Amadeo can pick them up   
I don't take responsibility at all
 
SKAirbus
Posts: 1545
Joined: Sat Oct 27, 2007 9:18 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:24 pm

To be fair, not surprising.

I imagine they will be appropriately punished for cancelling when their first aircraft is flying.

I wonder who will take it? With RR engines could BA be a candidate? The cabin would need a complete reconfiguration so I guess this will take many months?

SQ seem keen for more A380s with a number on order. Again, another candidate?
Base: BRU
 
User avatar
817Dreamliiner
Posts: 3573
Joined: Sun Jul 27, 2008 4:12 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:27 pm

Well, I guess it was only a matter of time. Too bad though, I actually wanted them to succeed with this venture. Ah Well....
Life is encrypted, you are modified, Like a virus in a lullaby, Artificial till the day you die, silly programme, You're corrupted
 
Basefly
Posts: 205
Joined: Thu Apr 12, 2007 4:35 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:28 pm

Thats just too bad, would have been great with another operator in the skies.

That being said, what has changed so much in the business plan of BC to warrant this cancellation?
757/777-A340/A380, Love them.
 
User avatar
817Dreamliiner
Posts: 3573
Joined: Sun Jul 27, 2008 4:12 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:29 pm

Quoting Basefly (Reply 5):
That being said, what has changed so much in the business plan of BC to warrant this cancellation?

The article states that they can no longer afford the aircraft.
Life is encrypted, you are modified, Like a virus in a lullaby, Artificial till the day you die, silly programme, You're corrupted
 
User avatar
zkojq
Posts: 4494
Joined: Fri Sep 02, 2011 12:42 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:29 pm

Why did they wait so long before cancelling? I expect Airbus will be keeping every cent of the down-payment. If the airline is having cash-flow problems, presumably their remaining A330s are likely to be cancelled too.

[Edited 2014-07-28 07:43:28]
First to fly the 787-9
 
flightsimer
Posts: 1078
Joined: Mon Aug 17, 2009 5:34 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:33 pm

That's going to be expensive. Now wait for all the people to say: "look, it's a great opportunity for Airbus to sell Delta a really cheap A380 and fast."

So we are now at -10 A380's since Farnborough.
Commercial / Airline Pilot
 
User avatar
KarelXWB
Posts: 26968
Joined: Sun Jul 15, 2012 6:13 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:35 pm

Quoting flightsimer (Reply 8):
So we are now at -10 A380's since Farnborough.

No, we are at +14 (20 Amedeo - 6 Skymark).
What we leave behind is not as important as how we've lived.
 
User avatar
LAXintl
Posts: 25090
Joined: Wed May 24, 2000 12:12 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:36 pm

So Skymark and Hong Kong Airlines so far. Virgin Atlantic next?
From the desert to the sea, to all of Southern California
 
Basefly
Posts: 205
Joined: Thu Apr 12, 2007 4:35 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:38 pm

Would EK not look to snatch these up, would imagine that they want all the ones they can get (that's what TC says anyway)
757/777-A340/A380, Love them.
 
LH422
Posts: 391
Joined: Thu Sep 16, 2010 9:21 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:39 pm

Ouch.


View Large View Medium
Click here for bigger photo!

Photo © OlivierG
View Large View Medium
Click here for bigger photo!

Photo © T.Laurent

 
mffoda
Topic Author
Posts: 1099
Joined: Thu Apr 15, 2010 4:09 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:41 pm

It's odd, about six weeks ago in the "A380 Production Thread Part 17" thread there was an article that stated they were deferring their deliveries for up 6 mouths, because of interior problems....

I questioned the long time frame, for just interior problems??

It now appears to have been just a smokescreen...   

[Edited 2014-07-28 07:43:05]
harder than woodpecker lips...
 
scouseflyer
Posts: 2193
Joined: Wed Apr 26, 2006 7:02 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:41 pm

Quoting LAXintl (Reply 10):

So Skymark and Hong Kong Airlines so far. Virgin Atlantic next?

No i think the Austral ones are the most precarious - they're also in grim financial waters.
 
scouseflyer
Posts: 2193
Joined: Wed Apr 26, 2006 7:02 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:42 pm

Quoting mffoda (Reply 13):

It's odd, about six weeks ago in the "A380 Production Thread Part 17" there was an article that stated they were deferring their deliveries for up 6 mouths, because of interior problems....

I questioned the long time frame, for just interior problems??

The interior of BC's bank account problems!
 
User avatar
KarelXWB
Posts: 26968
Joined: Sun Jul 15, 2012 6:13 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:43 pm

Quoting LAXintl (Reply 10):
So Skymark and Hong Kong Airlines so far.

Both have not been confirmed by Airbus. The Hong Kong Airlines order was moved to an undisclosed customer several months ago and will probably keep that status.
What we leave behind is not as important as how we've lived.
 
roseflyer
Posts: 9602
Joined: Fri Feb 13, 2004 9:34 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:50 pm

Quoting Basefly (Reply 11):
Would EK not look to snatch these up, would imagine that they want all the ones they can get (that's what TC says anyway)

At this point they will have the interior configuration (edit not installed yet) specified and quite a bit of rework is required to sell the airplane to another airline. It can happen, but it would likely take 6-12 months to reconfigure it. The interiors and custom options that each airline choose take quite a long time to be obtained.

Quoting Basefly (Reply 5):

That being said, what has changed so much in the business plan of BC to warrant this cancellation?

I doubt their business plan changed. Banks, finance and leasing companies are the ones who are probably causing this to happen so late in the delivery process.

Quoting ZKOJQ (Reply 7):
Why did they wait so long before cancelling? I expect Airbus will be keeping every cent of the down-payment.

It probably was because they could not get all the financing. This is not the first time that a late cancellation happened. Air Austral had a 777-200LR waiting for delivery but they never were able to take it because of financing problems. Smaller airlines sometimes have problems when the final payments come due. The various finance companies either reject parts of the package or they do not agree to terms. On an airplane the price of the A380 there likely are multiple banks involved with the final payment. Every contract is different, but Airbus and the suppliers have taken some payments earlier in the process, and those likely would be forfeited unless some terms can be agreed upon.

[Edited 2014-07-28 08:00:33]
If you have never designed an airplane part before, let the real designers do the work!
 
User avatar
Stitch
Posts: 27458
Joined: Wed Jul 06, 2005 4:26 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:51 pm

Quoting KarelXWB (Reply 16):
The Hong Kong Airlines order was moved to an undisclosed customer several months ago and will probably keep that status.


The assumption is that the A320neo order by Hong Kong Aviation Capital is at the expense of Hong Kong Airlines' A380 order so perhaps the cancellation will be reported when Airbus announces their July Order Update.



Quoting Roseflyer (Reply 17):
At this point they will have the interior configuration installed and quite a bit of rework is required to sell the airplane to another airline.

The A380 Production List reports that the airframe was never outfitted at XFW and flown back to TLS.

So it may be that Skymark informed Airbus that they were unlikely to be able to take delivery and Airbus therefore did not outfit the plane so as to ease re-sale.

[Edited 2014-07-28 07:55:02]
 
User avatar
KarelXWB
Posts: 26968
Joined: Sun Jul 15, 2012 6:13 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:54 pm

Quoting Roseflyer (Reply 17):
At this point they will have the interior configuration installed

Nope, the airframes are bare and both are in TLS for storage.
What we leave behind is not as important as how we've lived.
 
mjoelnir
Posts: 9411
Joined: Sun Feb 03, 2013 11:06 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:56 pm

Quote from the article:

Skymark can no longer afford the aircraft, said the people, who asked not to be identified because the discussions remain private. Negotiations between the two sides continue about compensation, and options range from delaying delivery to outright cancellation, another person close to the talks said.
 
roseflyer
Posts: 9602
Joined: Fri Feb 13, 2004 9:34 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 2:59 pm

Quoting Stitch (Reply 18):

Quoting Roseflyer (Reply 17):
At this point they will have the interior configuration installed and quite a bit of rework is required to sell the airplane to another airline.

The A380 Production List reports that the airframe was never outfitted at XFW and flown back to TLS.

So it may be that Skymark informed Airbus that they were unlikely to be able to take delivery and Airbus therefore did not outfit the plane so as to ease re-sale.

That might be true. It also could be that Skymark had not paid for the interior components yet. The interiors are purchased directly by the airline and not by the manufacturer, so if they did not have the money for them, these could have been delayed.

Quoting KarelXWB (Reply 19):
Quoting Roseflyer (Reply 17):
At this point they will have the interior configuration installed

Nope, the airframes are bare and both are in TLS for storage.

Thanks for the clarification. Even with an empty interior, it will take many months to refit an interior for another airline. Unless someone has the components on order and just moves airplane tails around, I would guess 6-12 months.
If you have never designed an airplane part before, let the real designers do the work!
 
User avatar
KarelXWB
Posts: 26968
Joined: Sun Jul 15, 2012 6:13 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 3:01 pm

Quoting mjoelnir (Reply 20):
and options range from delaying delivery to outright cancellation

So the thread title is wrong, they could defer their A380 order as well.
What we leave behind is not as important as how we've lived.
 
scouseflyer
Posts: 2193
Joined: Wed Apr 26, 2006 7:02 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 3:06 pm

Quoting KarelXWB (Reply 22):

Quoting mjoelnir (Reply 20):
and options range from delaying delivery to outright cancellation

So the thread title is wrong, they could defer their A380 order as well.

Which some sources suggest that they already have done!
 
User avatar
KarelXWB
Posts: 26968
Joined: Sun Jul 15, 2012 6:13 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 3:07 pm

Quoting Roseflyer (Reply 21):
Even with an empty interior

No, they are literally bare on the inside. There is no such thing as an empty interior: nothing is installed during final assembly.
What we leave behind is not as important as how we've lived.
 
User avatar
lightsaber
Moderator
Posts: 21234
Joined: Wed Jan 19, 2005 10:55 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 3:09 pm

Bummer. I wonder what they'll do with the frames (interior or not).  
Quoting LAXintl (Reply 10):
Virgin Atlantic next?

That is a given. Branson is just waiting for a better PR time frame.

Quoting mffoda (Reply 13):
I questioned the long time frame, for just interior problems??

It now appears to have been just a smokescreen...

Interior problems appears to be the smokescreen for all airlines delaying delivery.

Lightsaber
3 months without TV. The best decision of my life.
 
ba319-131
Posts: 8317
Joined: Sat Jan 13, 2001 1:27 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 3:12 pm

Quoting mffoda (Thread starter):
Skymark is cancelling their A380 order.

- Bummer, that was going to be one sweet livery on the A380.

Quoting KarelXWB (Reply 22):
So the thread title is wrong, they could defer their A380 order as well.

- I would hope the case......
111 732 733 734 735 736 73G 738 739,7M8 BBJ 741 742 743 744 752 753 762 763 764 772 77L 773 77W L15 D10 D30 D40 AB3 AB6 312 313 318 319 320 20N 321 21N 332 333 342 343 345 346 359 351 388 CS1 CS3 I86 154 SSJ CRJ CR7 CR9 CRK 145 170 175 220
 
User avatar
Stitch
Posts: 27458
Joined: Wed Jul 06, 2005 4:26 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 3:16 pm

Quoting KarelXWB (Reply 22):
So the thread title is wrong, they could defer their A380 order as well.
Quoting scouseflyer (Reply 23):
Which some sources suggest that they already have done!

I have the feeling this is a deferment for accounting reasons (so Airbus can keep the order active on the books until they can find a new customer). And that's not a swipe at Airbus, as Boeing's done it, as well (PR's 747-400 deferment was for many, many years until they finally were in a position to finance a conversion to 777-300ERs).
 
incitatus
Posts: 3392
Joined: Wed Feb 09, 2005 1:49 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 3:27 pm

Just from the seating configuration that was announced it was clear that Skymark did not know how to use the A380 to generate profits.
I do not consume Murdoch products including the Wall Street Journal
 
A388
Posts: 8027
Joined: Mon May 21, 2001 3:48 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 3:37 pm

Quoting KarelXWB (Reply 24):
Quoting Roseflyer (Reply 21):
Even with an empty interior

No, they are literally bare on the inside. There is no such thing as an empty interior: nothing is installed during final assembly.

So if Skymark indeed has cancelled their A380 order, the aircraft that have already been built should be easily sold to another airline as they are bare on the inside, which I also suspected. In that case these aircraft can go to any airline who operates the same engine types (Rolls Royce).

A388
 
dynkrisolo
Posts: 1849
Joined: Mon Feb 12, 2001 12:12 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 3:48 pm

Quoting Stitch (Reply 18):
Quoting KarelXWB (Reply 16):
The Hong Kong Airlines order was moved to an undisclosed customer several months ago and will probably keep that status.


The assumption is that the A320neo order by Hong Kong Aviation Capital is at the expense of Hong Kong Airlines' A380 order so perhaps the cancellation will be reported when Airbus announces their July Order Update.

And remember Hong Kong Aviation Capital and Hong Kong Airlines are both under HNA Group.
 
bunumuring
Posts: 2538
Joined: Wed Jan 15, 2014 2:56 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 3:49 pm

This is sad. I was hoping it would work out.

Maybe Turkish is interested? Remember the rumors of a Turkish lease of Qantas A380s a while ago and ongoing mentions in the press(see recent thread) about Turkish making a VLA decision in the medium term... I can imagine ole' Johnny boy now:" two for near immediate delivery with all the support we can muster, and another 4 a little further down the track! "

Yep, Turkish would be my bet as a new customer, if none of the existing customers want them.

With RR engines ATM, it would be possible to switch the constructed planes to EA engines for a possible resale to Emirates or someone else, wouldn't it?

Just a late thought... If IAG bought them, could they be used by Iberia on South American routes utilizing BA's skills and knowledge, and infrastructure, to make a rapid entry into service possible? Could BA pilots even fly Iberian planes while Iberia gained critical mass in training?

Cheers,
Bunumuring.

[Edited 2014-07-28 08:53:05]
I just wanna live while I'm alive!
 
mffoda
Topic Author
Posts: 1099
Joined: Thu Apr 15, 2010 4:09 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 3:50 pm

In the following article, they say one of the A/C is partly customized.


http://www.businessweek.com/news/201...six-a380-jets-with-japan-s-skymark


"Finding another taker for Skymark’s planes may be tough given that one of the aircraft has already been partly customized."


edit: spelling...

[Edited 2014-07-28 08:52:36]
harder than woodpecker lips...
 
User avatar
Stitch
Posts: 27458
Joined: Wed Jul 06, 2005 4:26 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 3:54 pm

Quoting mffoda (Reply 32):
In the following article, they say one of the A/C is partly customized.

That may refer to things like galley / lavatory hookups and IFE runs.
 
Basefly
Posts: 205
Joined: Thu Apr 12, 2007 4:35 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 3:58 pm

Quoting bunumuring (Reply 31):

TK would be my bet, if they are ever going to take the A380 now would seem an opportune time. On the other hand if they do not take these birds, I would say the 777X or A351 looks more likely.
757/777-A340/A380, Love them.
 
User avatar
BoeingVista
Posts: 2060
Joined: Mon Jan 12, 2009 9:54 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 4:00 pm

Quoting bunumuring (Reply 31):
With RR engines ATM, it would be possible to switch the constructed planes to EA engines for a possible resale to Emirates or someone else, wouldn't it?

This conversion has been done before so yes.

Quoting bunumuring (Reply 31):
Just a late thought... If IAG bought them, could they be used by Iberia on South American routes utilizing BA's skills and knowledge, and infrastructure, to make a rapid entry into service possible? Could BA pilots even fly Iberian planes while Iberia gained critical mass in training?

I see no reason why not, wet lease if labor agreements are problematic... But Iberia fly A340/330's and the conversion would not take too long. We have been expecting IAG to confirm the A350's for IB for a while so why not roll some A380's into the deal.
BV
 
mffoda
Topic Author
Posts: 1099
Joined: Thu Apr 15, 2010 4:09 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 4:04 pm

Quoting Stitch (Reply 33):

Quoting mffoda (Reply 32):
In the following article, they say one of the A/C is partly customized.

That may refer to things like galley / lavatory hookups and IFE runs.

What... No custom 23" polished aluminum rims with spinners and wheel mood lights??  
harder than woodpecker lips...
 
aviationaware
Posts: 2858
Joined: Mon May 19, 2014 12:02 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 5:33 pm

Quoting Basefly (Reply 5):
That being said, what has changed so much in the business plan of BC to warrant this cancellation?

I outlined the reasons in my blog about a month ago:

http://aviationawareness.wordpress.c.../15/skymark-a380-deferral-trouble/

I hate to have been right about this, but it was just never likely that they would take them. Would have loved to see it happen, but the entire airline would have been at stake had they taken the frames. Dropping them was just the only responsible thing to do for the management.
They are currently undergoing a redesign to a more premium version of their bread and butter domestic operations as they are under pressure there by the new LCCs; that's far more important than risking it all in the long haul game.

Quoting KarelXWB (Reply 9):
No, we are at +14 (20 Amedeo - 6 Skymark).

Well to be fair, the Amedeo order is highly speculative as Airbus has said they would not force white tails on them and I find Amedeo's prospects of finding customers sketchy at best. The A380 is just not a plane that makes well for operating leases.
Difficult to operate (fill), problematic residual value outlook (with EK dumping a ton of them in a few years), inflexible (airport restrictions).
 
blueflyer
Posts: 4352
Joined: Tue Jan 31, 2006 4:17 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 5:35 pm

Is Airbus insured against the financial risks of such late cancellations?
Keeping progress payments in mind, how much of a financial loss (for whoever bears it) is a last-minute cancellation?
 
User avatar
Stitch
Posts: 27458
Joined: Wed Jul 06, 2005 4:26 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 5:38 pm

Quoting blueflyer (Reply 40):
Keeping progress payments in mind, how much of a financial loss (for whoever bears it) is a last-minute cancellation?

It can vary by contract, but considering both airframes are out of the FAL and ready for outfitting, I would expect that BC has at least delivered half of the contractual funds owed.
 
DTWPurserBoy
Posts: 2374
Joined: Fri Feb 19, 2010 10:33 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 5:46 pm

Quoting Basefly (Reply 34):
TK would be my bet, if they are ever going to take the A380 now would seem an opportune time. On the other hand if they do not take these birds, I would say the 777X or A351 looks more likely.

I would have to agree. Rumors have been flying that TK has been looking for some A380's--this would be an opportune time and they could get them in a reasonably timely manner and at a great savings. Airbus does not want to sit on a bunch of white tails.

TK's financial results and customer service ratings are right up there with the best. I bet they could do one heck of a job outfitting the 380 and making it work for them.

Of course if DL wanted to pick them up....but nah, not gonna happen.
Qualified on Concorde/B707/B720/B727/B737/B747/B757/B767/B777/DC-8/DC-9/DC-10/A319/A320/A330/MD-88-90
 
bchandl
Posts: 646
Joined: Tue Jul 19, 2011 7:49 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 5:51 pm

Quoting blueflyer (Reply 40):
Is Airbus insured against the financial risks of such late cancellations?
Keeping progress payments in mind, how much of a financial loss (for whoever bears it) is a last-minute cancellation?

That would be some wasteful insurance? I mean what exactly are you trying to ensure?

SkyMark is going to feel the brunt of the financial burden. They made payments and got no assets in return.

Airbus gets to keep the nearly finished product and any money given to them by the previous planned owners. They're not exactly getting screwed here. The money they keep from SkyMark can give them the flexibility to unload the plane at a lower price.

If they can not find a buyer for the plane moving forward, it says more about the A380 than anything else.
 
DTWPurserBoy
Posts: 2374
Joined: Fri Feb 19, 2010 10:33 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 5:59 pm

Didn't I see a thread on here not long ago that Skymark had released the interior configuration of their A380's? I remember thinking that was a lot of airplane for a LCC.
Qualified on Concorde/B707/B720/B727/B737/B747/B757/B767/B777/DC-8/DC-9/DC-10/A319/A320/A330/MD-88-90
 
FltAdmiralRitt
Posts: 83
Joined: Wed Apr 10, 2013 7:57 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 6:00 pm

So will men in black suits, toting sawed off pool cue sticks and bags of oranges
be visiting Skymark CEO's home.? to have frank talk and reconsider.

I would be livid if I were F Bregier, what took them so long to cancel. Did Skymark think they would have Airbus over a barrel if the A/C were completed?

Whom ever is the head of the acquisition analysts section at Skymark needs to be sacked,
Where they blinded by the hoopla to see the financial morass the A380 was going to put them in?
 
User avatar
Stitch
Posts: 27458
Joined: Wed Jul 06, 2005 4:26 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 6:03 pm

Quoting Basefly (Reply 34):
TK would be my bet, if they are ever going to take the A380 now would seem an opportune time.
Quoting DTWPurserBoy (Reply 42):
I would have to agree. Rumors have been flying that TK has been looking for some A380's--this would be an opportune time and they could get them in a reasonably timely manner and at a great savings. Airbus does not want to sit on a bunch of white tails.

My only question is that if TK wants the A380 and wants it soon, why did they not secure a long-term lease from Amedeo?



Quoting Unflug (Reply 43):
To me it seems obvious that KarelXWB was refering to the year and not to "Farnborough".

True, but the original statement specifically said "after Farnborough". Mind you, I've made similar mistakes so I think he should have been cut some slack and not snarked.



Quoting DTWPurserBoy (Reply 45):
Didn't I see a thread on here not long ago that Skymark had released the interior configuration of their A380's?

The configuration was 394 seats in two classes - 114 Business Class and 280 Economy Class.



Quoting FltAdmiralRitt (Reply 46):
I would be livid if I were F Bregier, what took them so long to cancel. Did Skymark think they would have Airbus over a barrel if the A/C were completed?

I expect the real reason is the financiers of the airframes refused to release the remaining funds to Skymark and Skymark was not able to secure replacement financing, forcing them to (reportedly) cancel the order.



Quoting FltAdmiralRitt (Reply 46):
Whom ever is the head of the acquisition analysts section at Skymark needs to be sacked,
Where they blinded by the hoopla to see the financial morass the A380 was going to put them in?

I expect it was another case of one's "eyes being larger than one's stomach".

Skymark has evidently been facing fierce competition from other LCCs, including those backed by major carriers (NH, JL, QF) and had been shifting their strategy to become a more "premium LCC" (I guess kind of like Midwest Airlines in the US) and the acquisition of the A380s and A330s I am guessing was to allow for international services (where the LCCs don't play).

[Edited 2014-07-28 11:09:30]
 
spacecadet
Posts: 3582
Joined: Thu Sep 20, 2001 3:36 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 6:06 pm

Shame... I was looking forward to trying their service out on JFK-NRT next year. I wonder if they're planning to go smaller, or if they're just not going to do these international routes at all now.
I'm tired of being a wanna-be league bowler. I wanna be a league bowler!
 
timpdx
Posts: 698
Joined: Fri Jul 31, 2009 1:54 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 6:07 pm

Too bad, would have looked pretty good

http://www.airlinetrends.com/wp-content/uploads/2010/11/Skymark_680x357.jpg
image from airlinetrends.com
Flown 2018: LAX, ARN, DXB, ALA, TAS, UCG, ASB, MYP, GYD, TBS, KUT, BER, TLS, SVO, CCF, DUB, LGW, MEX, BUR, PDX, ORD, SLC, SNA
Upcoming 2018: STL, MIA, BZE, IAH, BHM, LHR, DFW, PHX
 
Basefly
Posts: 205
Joined: Thu Apr 12, 2007 4:35 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 7:36 pm

Quoting Stitch (Reply 47):
My only question is that if TK wants the A380 and wants it soon, why did they not secure a long-term lease from Amedeo?

I get that, but could this be the tipping point?

Are they not also still looking at VLA's, and not yet decided?
757/777-A340/A380, Love them.
 
User avatar
rotating14
Posts: 1391
Joined: Sat Jan 21, 2012 11:54 pm

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 7:40 pm

Quoting KarelXWB (Reply 16):

So they (Hong Kong Airlines) bought 40 A320's, 30 A321's and they're gonna take delivery of all 10 A380's? I doubt it even if its not on the Airbus books yet. I dont know how you take a customer who was 10 frames on order to masking it under the cloak of "undisclosed"?? http://www.ch-aviation.com/portal/ne...-kong-airlines-to-ditch-a380-order

But back to topic. I can't see how they're ever going to raise the money to buy the six frames. If they can't afford the prepayments, how are they gonna handle the delivery payment, which is usually the largest of them all? What's likely happening is they (Skymark) are negotiating the cancellation payments.
 
A388
Posts: 8027
Joined: Mon May 21, 2001 3:48 am

Airbus cancels Skymark A380 order

Mon Jul 28, 2014 7:45 pm

How could I forget TK. Will we see TK flying the A380 sooner than we think with these 6 A380's becoming available from Skymark?

A388
  • 1
  • 2
  • 3
  • 4
  • 5
  • 7

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos