UK based leasing firm Amedeo has firmed up its orders for 20 A380s worth £5 billion at the Singapore Air Show. I wonder who the operator(s) will be? :confused:
By: happy_drone - 27th February 2014 at 06:28
I don’t think the A380 is selling well or that its long or short-term prospects are good.
The only sales I’ve read about for over a year now is this one from the lessor Amedeo and the sale to Emirates.
Amedeo have stated that theirs is a speculative order, meaning that they have no customers yet for the aircraft.
Emirates on the other hand don’t have to be concerned about fuel costs for the away leg. To my mind this means that the business case for the A380 doesn’t exist.
For the same period both Lufthansa and Hong Kong Airlines have cancelled orders, despite the penalties. Even the French are having second thoughts about the A380.
Both Malaysian and Qantas seem to be struggling and this seems to be at least in part due to the A380. Big planes need a high load factor to make them pay. However Qantas have been flying flights from Dubai to Melbourne at 50% load factor. For example for some flights more than 200 of their 406 economy and premium economy seats were unfilled a day before departure. In one case, more than half the business class cabin’s 64 flat-bed seats were also without paying customers as were eight of its 14 high-yielding first-class seats.
By: Gerry R - 15th February 2014 at 22:50
A good boost for A380 sales wise, a handful of airlines would probably take up a few leases rather than ordering. The choice of engine will be of interest too, so far this has not been mentioned in the press report.
Gerry R
By: Arabella-Cox - 13th February 2014 at 11:49
Good for the A380.
I think it is selling ok. Obviously, Airbus isn’t going to shift as many as its smaller models but I think its long-term prospects are excellent. There was some reference in the press blurb that the A380, in crowded skies, carries more passengers in greater comfort than any other aircraft.
I don’t think that little fact can ever be overlooked.
By: Amiga500 - 13th February 2014 at 11:23
Is the 747-8 really a direct competitor?
What is the Pax most A380s are configured for?
Compared to what the 747 had to compete with… yes. It definitely is a direct competitor.
The landscape when the 747 first flew was littered with 707s, 727s 737s, DC-8s, DC-9s and DC-10s…
The only comparable competitor being the DC-10. The DC-10 taking ~255 people in 3 classes, the 747-100 366 in 3 classes… [70% capacity of 747-100]
The A380 takes 555 in 3 classes, the 747-8 467, which is 84%. [The 777-300 takes 386 (70% of A380)]
By: J Boyle - 12th February 2014 at 22:20
The airline market has changed greatly in the last 40 years, and the A380 has a direct competitor, which the 747 did not.
Is the 747-8 really a direct competitor?
What is the Pax most A380s are configured for?
By: tenthije - 12th February 2014 at 18:26
Not the largest lessor by far, but not a small one either. Their portfolio consists of:
4 x A319-100, Germania, Syphax
2 x A320-200, Air Asia
1 x A330-200, Air Mauritius
2 x A340-600, Virgin Atlantic
22 x A380-800, Emirates, Singapore Airlines
1 x B777-200LR, Emirates
5 x B777-300ER, Cathay Pacific, Emirates
So 37 aircraft, of which two thirds is already A380!
http://www.doric.com/fileadmin/Doric_Asset_Finance/Downloads/doric_asset_management_brochure.pdf
By: Newforest - 12th February 2014 at 16:34
http://uk.finance.yahoo.com/news/amedeo-leasing-company-firms-order-022827907.html
A name I hadn’t heard of before explained by the fact that it used to be Doric Lease Corp, also an unknown name to me!
http://centreforaviation.com/news/doric-lease-corp-rebranded-as-amedeo-307207
By: j_jza80 - 12th February 2014 at 15:53
The airline market has changed greatly in the last 40 years, and the A380 has a direct competitor, which the 747 did not.
If anything, Airbus should be overjoyed that their product is selling so well.
By: Amiga500 - 12th February 2014 at 14:55
That puts the 380 at what… ~325 orders… 7 years after entry into service.
The 747 had 357 orders by 1977 (7 years after entry into service).
If I were in charge of Airbus, I wouldn’t be greatly concerned at how the A380 is doing, given the competition from big twins.
By: garryrussell - 12th February 2014 at 12:41
Could be anybody in the World.
Leasing companie buy new aircraft to satify demand or just for ‘stock’ all thre time.
Maybe there is no one at the moment but by the time they get delivered…..
Nothing special to be read into this I would think.
Does give the chance for smaller airlines to lease a couple, as such a small order to purcased would be very expensive whereas a part of an order for 20 will benefit from the discounting of a multi order.
In other words…this could make the type affordable for some who want to operate it but can’t afford to otherwise.
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February 12, 2014 at 12:16 pm