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Post by ff on Mar 7, 2018 18:53:45 GMT 1
Based on Airbus February O&D release, it seems like the order for 6 A380s from Virgin now are confirmed cancelled The question remains then whether the deposits was lost or credited towards other orders? I really can't see SRB losing a large deposit like this to Airbus, it was widely speculated that the VS deposit for A380 was used when VS made the order for 8 A35X (plus 4-5 lease). In fact, it was said that VS would go for B78X or B77X rather than A35X if not because of this deposit.
I remember seeing an interview video with VS COO, he hinted that it was upon Airbus' request, VS didn't cancel the A380 order, and kept the order on Airbus' book. He also claim that VS could cancel that order at any point in the future, because there is no financial liability or lose for VS after that point. Now we know, that point was last month.
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s543
in service - 2 years
Posts: 3,957
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Post by s543 on Mar 7, 2018 19:30:15 GMT 1
OK so we might speculate that the downpayment was transferred to their A35K order
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Mar 8, 2018 16:29:19 GMT 1
OK so we might speculate that the downpayment was transferred to their A35K order If any A380 downpayment remained in Airbus' hands (which in my opinion is dubious), it was certainly refunded by Airbus upon cancellation, as the A350 order must have been already satisfactorily funded.
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