News > Occitanie

Occitanie

Two Airbus A380s sold for spare parts

MidiLibre/Scoop, Jun 5

Two Airbus A380s will be dismantled in the Hautes-Pyrénées and sold for spare parts due to a lack of buyer, after the decision of Singapore Airlines not to extend the lease, said their owner.

The German investment company Dr. Peters, owner of the two planes, said in a statement to have chosen the sale of spare parts after negotiations with several companies, including British Airways.

The operation, which will last two years, should bring in some 80 million dollars per plane, said the German group.

"This high valuation is a result of maintenance deadlines that are driving demand for replacement parts" added the asset manager.

Airbus announced at the beginning of March the abolition of some 3,700 jobs, because of the cut of production rates in its A380 and A400M programs. "The market for the A380-800 type has not changed much in recent years...some companies have canceled orders at Airbus, others tend to look for smaller long-haul aircraft,“ said Anselm Gehling, the boss of Dr. Peters Group.

“We remain confident for the secondary market for the A380," said Airbus, declining to comment on the decision of the Dr. Peters Group.

A380 sales have been stagnant for two years, but the aircraft received a breath of fresh air with an order from the Emirates Gulf Company in January for 36 aircraft. Deliveries will start as early as 2020, according to Airbus, which said the order will ensure production of six aircraft per year for the next 10 years.

Similar Stories

Occitanie

Pollen levels rise again in Occitanie

As the sun shines on Occitanie, the pollen count gets higher. Most of Occitanie…

LanguedocLiving, Feb 21

Occitanie

Three candidates for Toulouse Airport

The Chinese run Casil Europe put their share of Toulouse-Blagnac airport up for…

MidiLibre/Scoop, Feb 18

Occitanie

Rallies against anti-semitism in Occitanie

After the swastikas on the portraits of Simone Weil and anti-Semitic insults against…

France 3/Scoop, Feb 18

Occitanie

Multiple arrests in Nîmes and Montpellier

Clashes between the gilets jaunes and police broke out this Saturday in the late…

France 3/Scoop, Feb 17