Huge order from Spain for Airbus

Well, I expected a deal, but they just did it. Aerolineas Argentinas impounded 😡 Price 1 $.

I wonder which are the weapons for Marsans to use now.

Has Airbus reached the break even point yet with the A380 order book

No break even point is around the 400th unit. So far, 200 ordered and 50 options.

Has Airbus reached the break even point yet with the A380 order book

“Where are those big buses going then?” – That’s the point. Marsans is not in its best economic shape (nothing different from other operators) As Keltic stated, I am not sure about the end of this purchase… (nothing different from other recent operations):(

About Aerolíneas: Argentinian Government and Marsans signed a deal to establish an arranged price for the Company, on the basis of a third-party estimation.

Unfortunately, Argentinian Parliament decided to ask its President to establish itself the price according to an Argentinian financial analysis by the “Tribunal Nacional de Tasaciones”, a Government branch quite similar to the US GAO (obviously, that price was well below Marsans expectations. In fact, with that price and after the sale, Marsans would be still in debt with Argentina)

Then Marsans hired Credit Suisse to get its own estimation, and asked the Spanish Government for help. Result: Negotiations under way.

Marsans could get a good deal or a major blow. If successful, Spanair is a clear target. If not, very bad news for Marsans, Spanair, Spanish Government…and Airbus.

Well not yet. What´s is clear that they want to get rid of Aero-ruins Argentinas, and they have a disagreement on the price. So no further steps has been taken from A. goverment. I assume the deal will be good for both sides. Marsans will try to improve their figures by getting rid of a real problem and Argentina doesn´t want any further problem with WTO or “friendly Spanish Goverment”.

Air Comet´s main job is the Sudamerica traffic, but needs a feeder to fill planes at Barajas. There´s a a kind-of-a-sort-of a fight between Iberia an Air Comet to control the remaining domestic traffic. Iberia controls and monopolizes almost the 80 per cent of all (counting Freakyair…opps sorry Clickair and Vueling), Air Nostrum, and now is using their tools and connections in the goverment to make Spanair to end into Iberia as well. Iberia doesn´t want Spanair, just close it to prevent Spanair feeding Air Comet flights in MAD.

So I seriously doubt they receive this amount of planes. They can´t simply cope with it. The other airline which was in the Marsans orbit was Air Pullmantur (now under Royal Caribbean Cruise line) and used to feed passengers for all Pullmantur Cruises vessels. But this brings operational problems: they need extra capacity and probably to fill ships in summer (two B747 are used for all destination at the same time) but they must be grounded in winter as ship don´t operate that much.

The most profitable trasatlántic service is the Madrid-Buenos Aires corridor, but traffic to South America has been falling down due to the Argentina permanent crisis and ours too. So…..I am not sure the end of this huge order.

Cheers Chiti, I was informed just now that argentinas had been nationalised, meaning Marsans didn’t own them. I was on my way to correct my post just now! So where are those big buses going then? I can see comet using them.

It’s just confirmation of the earlier order. The A380s are believed to be for Aerolineas Argentinas.

At least, that was the first intention, now dropped, as Aerolíneas Argentinas is about to be “nationalized”

Marsans will use the Air Plus Comet livery, being another (remote) possibility the purchase of Spain’s second carrier (Spanair) now owned by SAS.

Did Grupo Marsans not already have a large Airbus order, or is this confirmation of the earlier order?

It’s just confirmation of the earlier order. The A380s are believed to be for Aerolineas Argentinas.

It’s good news for aviation generally. At least someone is expanding instead of folding!

Paul

Quite agree and good to see another flag carrier going for the A380!:D

Either way, good news for Airbus. I cant wait to see the Air Comet livery – that deep blue they use, very nice! 😀

It’s good news for aviation generally. At least someone is expanding instead of folding!

Paul