Others Say They'll Stick It Out
That scratching sound
you hear coming from Toulouse may very well be Airbus sales
managers scrambling to hold onto a $3 billion order for the
manufacturer's upcoming A380 superjumbo jet.
In the wake of last week's reported delay in the A380
program -- and a potential scandal involving stock sales by management at parent
company EADS -- aircraft leasing company International
Lease Finance Corp is hinting it may cancel its mega-euro order for
10 of the mega-sized jets.
"We could cancel, and are considering canceling, all or some of
our A380 order," ILFC Chief Executive Steven Udvar-Hazy
(right) told Bloomberg News. "We are not happy and on safe
ground to cancel the order."
Udvar-Hazy added a large factor in its decision is the expected
12-14 month delay in receiving the leasing company's first
Despite the ILFC chief's strong words, however, at least analyst
believes that in the end, the lessor will keep its orders for the
"Hazy won't cancel," said Scott Hamilton, an aviation analyst
for Seattle, WA-based Leeham. "Though I bet he renegotiates the
A380 price way down."
As you may recall, Udvar-Havy's comments earlier this year about Airbus'
upcoming A350 medium-size airliner also led to the
European consortium to rethink its plan for the Boeing
UPS, Emirates Remain Committed To Program
However, it's not all doom and gloom for Airbus... as it has
received assurances from two of its biggest A380 customers that
they will stick by the company, and the plane.
Arab carrier Emirates... Airbus's largest customer for the
A380... says it will not cancel its orders for 45 of the mammoth
planes, despite what others may be doing.
"We are not considering canceling our A380 order even though we
have the ability to do so," said Maurice Flanagan, vice chairman of
the Dubai-based carrier. "We don't think further delays are
And freight hauler UPS says it is also committed to its 10
A380s... and furthermore, that it will not seek additional
compensation from Airbus as it has received assurances that its
freighter variants of the A380 will not be delayed.
The wiring delay only affects the passenger-carrying models of