Finally some good news for Airbus

Stephen Beard Jun 21, 2006

TEXT OF STORY

MARK AUSTIN THOMAS: The Dubai-based airline Emirates says it will not cancel its order for the new Airbus, the A380. The comments follow last week’s news of further delays of the delivery of the super jumbo plane. But as Stephen Beard reports from the European desk in London, the crisis over the new plane is deepening.


STEPHEN BEARD: Emirates ‘ decision will bring Airbus some comfort. But not enough. The plane maker is still reeling from yesterdays remarks by ILFC, the world’s largest aircraft leasing firm. They said they might cancel their order for 10 of the A380s.

That would be devastating given the importance of the leasing firm, says Kieran Daly of Air Transport Intelligence.

KIERAN DALY: The fact is that they control a gigantic number of airplanes and their comments drastically affect the perceived value of different types of aircraft that are out there.

The fear is that if ILFC gives the super jumbo the thumbs down, no other carrier will buy it. So far Airbus has 159 orders — well short of the 250 it needs to cover its costs.

In London, this is Stephen Beard for Marketplace.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.