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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.

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