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Post by kevin5345179 on Jan 26, 2018 23:06:00 GMT 1
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Jan 27, 2018 9:43:13 GMT 1
Hmm ... Isn't it a bit early to open a special thread ?
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s543
in service - 2 years
Posts: 3,957
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Post by s543 on Jan 27, 2018 14:09:12 GMT 1
Hmm ... Isn't it a bit early to open a special thread ? I do believe this is very interesting topic. All AB AF and all BO KLM. I would not be surprised if it stay the same in the future.....
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Post by marlibu on Nov 3, 2019 16:49:29 GMT 1
www.aerotime.aero/clement.charpentreau/24141-air-france-klm-finances-affected-by-a380-retirementAir France reports a net income of €366 million, down by €420 million compared to the previous year. It was affected by “a stronger dollar end of September” and the phasing out of seven Airbus A380 from its fleet. This had a “financial impact of €100 million”. In July 2018, the group announced its intention to sell its five superjumbos by 2022. The total cost of the retirement, evaluated at €400 million, will be spread until the end of 2022. Can someone explain to me how retiring planes costs you money?
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sciing
in service - 1 year
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Posts: 2,502
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Post by sciing on Nov 3, 2019 17:45:16 GMT 1
www.aerotime.aero/clement.charpentreau/24141-air-france-klm-finances-affected-by-a380-retirementAir France reports a net income of €366 million, down by €420 million compared to the previous year. It was affected by “a stronger dollar end of September” and the phasing out of seven Airbus A380 from its fleet. This had a “financial impact of €100 million”. In July 2018, the group announced its intention to sell its five superjumbos by 2022. The total cost of the retirement, evaluated at €400 million, will be spread until the end of 2022. Can someone explain to me how retiring planes costs you money? Faster depreciation, less rest/resale value.
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Post by marlibu on Nov 3, 2019 19:01:44 GMT 1
ok. duly noted.
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Nov 4, 2019 0:45:03 GMT 1
[quote author=" marlibu " source="/post/144745/thread" Can someone explain to me how retiring planes costs you money? [/quote] When you own the aircraft you are retiring, you make a loss if the book value exceeds the resale value, as already explained by Scing. If however you retire a leased aircraft, it all depends on your contract and other arrangements with the lessor. I doubt any lessor would accept an early termination for an A380, but even at expiration you may bear hefty costs depending on the frame condition.
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someone
in service - 1 year
Posts: 3,230
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Post by someone on Nov 4, 2019 9:47:16 GMT 1
Can someone explain to me how retiring planes costs you money? When you own the aircraft you are retiring, you make a loss if the book value exceeds the resale value, as already explained by Scing. If however you retire a leased aircraft, it all depends on your contract and other arrangements with the lessor. I doubt any lessor would accept an early termination for an A380, but even at expiration you may bear hefty costs depending on the frame condition. There is though one significant difference here whether it is leased or owned. If owned the loss here is just an accounting loss, while leased it also has a cash effect, as the airline then has to pay up
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Post by FabienA380 on Nov 4, 2019 10:21:08 GMT 1
I don't really get it, none of the Air France A380 have been removed from service yet?..
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someone
in service - 1 year
Posts: 3,230
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Post by someone on Nov 4, 2019 11:38:01 GMT 1
I don't really get it, none of the Air France A380 have been removed from service yet?.. That is correct, but they have started to take the costs, instead of having to do a one time massive cost when they are removed
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