A380F on “backburner” or “write-off”

AIRBUS’ chief executive officer, Tom Enders, has admitted that the A380 freighter version is on the “backburner”.

Speaking at the delivery of Lufthansa’s first A380 in Hamburg (Germany), Enders said that it was important for the aircraft manufacturer not to overstretch itself when market conditions are only just improving.

With the whole A380 programme looking like it may turn into an expensive white elephant due to delays and unfortunately timed market conditions, parent company EADS’ chief executive officer Hans Peter Ring, admitted the five-year target to break even on the model, “is not to be understood as guidance, just as an extrapolation of current trends”.

Reading between the lines of management speak, Ring seems to be suggesting the model won’t be breaking even within five years.

That leaves Airbus in the unenviable position of knowing that the A380 – while a dream to fly on – is a drain on resources, but needing to promote it so as to try and recoup as much of the initial investment as possible.

However, Richard Aboulafia, vice-president analysis at the Teal Group, said: “The A380 is best regarded as a US$25 billion write-off and an act of industrial irresponsibility.”

Share this story

Related Topics

Latest news

DHL Express adds SmartLynx Malta’s converted A321Fs to fleet

By Rachelle Harry

DHL Express has entered into a partnership with SmartLynx Malta — an express logistics provider and member of Avia Solutions…

Read More

Share this story

Work underway on new dnata Heathrow facility

By Damian Brett

Aberdeen Standard Investments’ Aiput fund has started construction of Phase II of dnata City East, a 117,000 sq ft extension…

Read More

Share this story

CEVA wins Airbus logistics contract

CEVA Logistics has been awarded a contract to manage production supply for Airbus at the aircraft manufacturer’s assembly site in…

Read More

Share this story