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ILFC could dump $5 bln Airbus deals-Bloomberg
Reuters ^
| Tue Jun 20, 2006 4:29am ET
| Staff
Posted on 06/20/2006 9:53:41 AM PDT by Paleo Conservative
LONDON, June 20 (Reuters) - The biggest aircraft leasing firm, International Lease Finance Corp. (ILFC), has warned it might cancel deals to buy the Airbus A380 superjumbo and the planned A350 model, contracts worth more than $5 billion at list prices.
"We could cancel and are considering cancelling all or some of our A380 order ... We are not happy and on safe ground to cancel the order," ILFC Chief Executive Steven Udvar-Hazy told financial newswire Bloomberg.
A delay of up to seven months for the A380 announced last week and blamed on wiring complications has angered customers, sparking calls for compensation and warnings that some might rethink their orders.
Udvar-Hazy urged Airbus to settle on a design for the planned A350 model by next month, when the biennial Farnborough air show, one of the industry's largest, opens near London on July 17.
"We are putting a lot of pressure on them to fix the 350 ... If they don't gain credibility by the air show, we've got serious problems about taking the A350. They have a month to fix this," he said.
An Airbus spokeswoman told Reuters she had "no information" about any plans by ILFC to change its orders.
ILFC is the aircraft leasing arm of insurance giant American International Group Inc. (AIG.N: Quote, Profile, Research).
It has ordered 10 A380 superjumbos, which carry a list price of $300 million each.
The Airbus website shows ILFC has committed to 16 of the mid-sized A350, a model which the planemaker is working to redesign to compete better with rival Boeing Co.'s (BA.N: Quote, Profile, Research) 787.
The Boeing model is due in 2008 and the Airbus is expected around 2012.
TOPICS: Business/Economy; Extended News
KEYWORDS: 787; a350; a380; airbus; boeing; whalejet
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This is series.
To: COEXERJ145; microgood; liberallarry; cmsgop; shaggy eel; RayChuang88; Larry Lucido; namsman; ...
If you want on or off my aerospace ping list, please contact me by Freep mail.
To: Paleo Conservative
(Nelson from the Simpsons Voice): Ha-Ha!
3
posted on
06/20/2006 9:55:14 AM PDT
by
Clemenza
(The CFR ate my bilderburgers! Time to call for a trilateral commission to investigate!)
To: Paleo Conservative
I love it when socialists get their come-upance!
4
posted on
06/20/2006 9:56:08 AM PDT
by
2banana
(My common ground with terrorists - They want to die for Islam, and we want to kill them.)
To: Paleo Conservative
Wiring comlications?
Please bring your seatbacks and traytables to their full, upright and locked positions and return your candles to the cabin attendant/stewperson.
5
posted on
06/20/2006 10:00:23 AM PDT
by
N. Theknow
(Kennedys - Can't drive, can't fly, can't ski, can't skipper a boat - But they know what's best.)
To: N. Theknow
That would be complications
6
posted on
06/20/2006 10:01:07 AM PDT
by
N. Theknow
(Kennedys - Can't drive, can't fly, can't ski, can't skipper a boat - But they know what's best.)
To: N. Theknow
7
posted on
06/20/2006 10:03:00 AM PDT
by
gogeo
(The /sarc tag is a form of training wheels for those unable to discern intellectual subtlety.)
To: Paleo Conservative
If there's one thing that European "workers" are known for,it's how much they enjoy going on strike.Wouldn't it be a hoot if there's a nice,juicy 6 month long strike by production *and* design workers there!
To: Gay State Conservative
Yeah. They'll go on strike when Airbus tries to make them work overtime to redesign the A350...they'll up the work week to, 32 hours a week. The French'll never stand for it.
}:-)4
9
posted on
06/20/2006 10:12:30 AM PDT
by
Moose4
(Dirka dirka Mohammed jihad.)
To: Paleo Conservative
This is a warning to Airbus to come up with a definite plan for the A350/370. Airbus has already announced over and over again that they will announce their intentions at Farnborough, so this warning is to make sure Airbus announces something
good. How many A380 orders were tied to discounted A350 orders? If the A350 goes belly up, then the A380 orders evaporate as well.
10
posted on
06/20/2006 10:13:22 AM PDT
by
Yo-Yo
(USAF, TAC, 12th AF, 366 TFW, 366 MG, 366 CRS, Mtn Home AFB, 1978-81)
To: Paleo Conservative
"We are putting a lot of pressure on them to fix the 350 ... If they don't gain credibility by the air show, we've got serious problems about taking the A350. They have a month to fix this," he said. But everybody is on vacation.
11
posted on
06/20/2006 10:14:00 AM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Paleo Conservative
First rabbit to beat a taxiing A380 on Hamburg runway:
12
posted on
06/20/2006 10:17:07 AM PDT
by
phantomworker
("I wouldn't hurt you for the world, but you are standing where I am about to shoot..."--Quaker quote)
To: N. Theknow
wiring complications ( Airbust spin) = plane came in several tons overweight ( Real problem ).
13
posted on
06/20/2006 10:18:16 AM PDT
by
Proud_USA_Republican
(We're going to take things away from you on behalf of the common good. - Hillary Clinton)
To: Paleo Conservative
It just keeps getting better and better. GO BOEING
To: phantomworker
I'm sure Jimmy Carter is just off camera...
15
posted on
06/20/2006 10:21:31 AM PDT
by
Lx
(Do you like it, do you like it. Scott? I call it Mr. and Mrs. Tennerman chili.)
To: Gay State Conservative
If there's one thing that European "workers" are known for,it's how much they enjoy going on strike.Wouldn't it be a hoot if there's a nice,juicy 6 month long strike by production *and* design workers there! Sounds like the Boeing workers.
16
posted on
06/20/2006 10:22:12 AM PDT
by
Yo-Yo
(USAF, TAC, 12th AF, 366 TFW, 366 MG, 366 CRS, Mtn Home AFB, 1978-81)
To: phantomworker; MississippiDeltaDawg
“Duck ingestion season!”
“Rabbit ingestion season!”
17
posted on
06/20/2006 10:23:30 AM PDT
by
dighton
To: Paleo Conservative
The television ad, which aired in Europe on CNN back in the year 2000, describes the A3XX (A380) as the eighth wonder of the world, noting the cinema, casino, showers, bedroom, restaurant, gym and even nursery this big boy would have.
6-years later it looks like it may be following the same path as the Concorde. And Boeing commercial airplanes group is beaming with "I told you so's".
To: Paleo Conservative
"We are putting a lot of pressure on them to fix the 350 ... If they don't gain credibility by the air show, we've got serious problems about taking the A350. They have a month to fix this," he said. "
You have a long wait there Udie, summer vacation comes first.
19
posted on
06/20/2006 10:28:55 AM PDT
by
headstamp
(Nothing lasts forever, Unless it does.)
To: phantomworker
Thats not a rabbit!
Thats FOD!
20
posted on
06/20/2006 10:33:56 AM PDT
by
truemiester
(If the U.S. should fail, a veil of darkness will come over the Earth for a thousand years)
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