philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Nov 17, 2013 0:29:48 GMT 1
I assume Airbus still sits at Kingfisher's deposits as why they haven't cancelled the A380 order? Kingfisher's down payments are only part of the picture. It is not for a supplier to officially pronounce a customer dead. This requires a legal decision. As long as Kingfisher is not officially dissolved or bankrupt, Airbus has no legal ground to cancel the orders, and must keep them in its books.
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Nov 17, 2013 12:07:07 GMT 1
EK's A380 order at the Dubai air show is one of the biggest top-up orders ever !
Total program orders now exceed 300, EK holding around 50 percent of unfilled orders. Yet, the air show is far from over, and we might still have some nice surprises ...
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XWB
in service - 11 years
Posts: 16,115
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Post by XWB on Nov 17, 2013 12:09:33 GMT 1
Doric also said to firm its order before the end of the year.
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Nov 17, 2013 12:23:27 GMT 1
Doric also said to firm its order before the end of the year. Of course, this is where suspense remains ... I also hope Saudia might step forward ...
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Post by Jkkw on Nov 17, 2013 14:20:52 GMT 1
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Post by chornedsnorkack on Nov 17, 2013 18:46:05 GMT 1
I assume Airbus still sits at Kingfisher's deposits as why they haven't cancelled the A380 order? Kingfisher's down payments are only part of the picture. It is not for a supplier to officially pronounce a customer dead. This requires a legal decision. As long as Kingfisher is not officially dissolved or bankrupt, Airbus has no legal ground to cancel the orders, and must keep them in its books. If/when Kingfisher is officially bankrupt, does Airbus have legal grounds to cancel the orders, or are the orders then property of the bankrupt estate which the liquidators can sell to any airline?
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Post by peter on Nov 17, 2013 21:09:34 GMT 1
Kingfisher's down payments are only part of the picture. It is not for a supplier to officially pronounce a customer dead. This requires a legal decision. As long as Kingfisher is not officially dissolved or bankrupt, Airbus has no legal ground to cancel the orders, and must keep them in its books. If/when Kingfisher is officially bankrupt, does Airbus have legal grounds to cancel the orders, or are the orders then property of the bankrupt estate which the liquidators can sell to any airline? I suppose the liquidators can sell slots (if any) to any other customer. It may be the liquidators can try to get a refund on any down payments. When that is all done, EADS/Airbus can cancel the orders (which, of course, they will dislike very much......)
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Post by BA380-G-XLEA on Nov 17, 2013 23:15:04 GMT 1
Doric also said to firm its order before the end of the year. Of course, this is where suspense remains ... I also hope Saudia might step forward ... They could be a firm candidate for Doric, as their 747's start hitting 30 years old in 2016!
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Post by peter on Nov 18, 2013 0:11:13 GMT 1
They could be a firm candidate for Doric, as their 747's start hitting 30 years old in 2016! Their oldest 747-400 is 16 years old, now! EDIT: the -300's are long out of service already
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mjoelnir
in service - 2 years
Posts: 4,089
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Post by mjoelnir on Nov 18, 2013 0:13:41 GMT 1
Of course, this is where suspense remains ... I also hope Saudia might step forward ... They could be a firm candidate for Doric, as their 747's start hitting 30 years old in 2016! Most of the Saudia B 747 are on wet lease or ACMI so their age is more a point for the airlines owning this frames.
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