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2/17/14

European Aircraft Industry: Airbus A380 superjumbo gets boost with $8.3 billion order

Airbus A380
Airbus' flagship A380 got a fresh lift Wednesday after leasing firm Amedeo firmed up its order for 20 of the superjumbo aircraft in a deal worth $8.3 billion.

The two firms signed the purchase agreement at the Singapore Airshow. The European plane maker had suffered some setbacks last year after the discovery of cracks on some of the giant aircrafts' wings.

But John Leahy, Airbus chief operating officer for customers, said: "This firm order from Amedeo is a clear recognition of the A380's long-term market appeal. "The A380 is the best tool for airlines to capture growth and increase profits."

Amedeo, formerly Doric Lease Corp, is the world's biggest manager of leased A380s.

Amedeo chief executive Mark Lapidus said the signing of the agreement "is a great day for aviation as we offer airlines a new, more flexible way to access the unique benefits of the A380 through our tailored leasing solutions".

He added in the statement that "as world air traffic continues to double every 15 years and airport infrastructure and slots do not, the A380 is the best solution for airlines to capture that growth".

Speaking at a media briefing, Lapidus said: "In comparable comfort and configuration the A380 will offer lower yield cost economics and better product offering.

Read more: Airbus A380 superjumbo gets boost with $8.3 billion order - Economic Times

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