XWB
in service - 11 years
Posts: 16,115
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Post by XWB on Apr 9, 2014 19:04:26 GMT 1
That's some unique footage you have there xxxx. Nicely done. |
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Post by xxxx on Apr 9, 2014 19:12:33 GMT 1
That's some unique footage you have there xxxx. Nicely done. Thank you XWB . Haha I knew you were going to share it on A.net...forgot to ask where I can get it unfortunately  (always worth a try), but I will call the Airbus press office tomorrow. |
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XWB
in service - 11 years
Posts: 16,115
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Post by XWB on Apr 9, 2014 19:18:38 GMT 1
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XWB
in service - 11 years
Posts: 16,115
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Post by XWB on Apr 9, 2014 19:22:11 GMT 1
In the meantime, Rolls-Royce begins assembly of the first Trent XWB-97 test engine:
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XWB
in service - 11 years
Posts: 16,115
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Post by XWB on Apr 10, 2014 16:32:33 GMT 1
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Festus
Final Assembly Line stage 1
Posts: 272
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Post by Festus on Apr 20, 2014 9:21:00 GMT 1
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Apr 20, 2014 10:39:34 GMT 1
You are right, though from a legal point of view the orders were from Irish lessor Aircraft Purchase Fleet (APF), actually a special purpose vehicle created for the sole purpose of leasing A350s to AZ. With the order cancelletion, I doubt this company will ever do any business, though it has legal existence and might therefore be used for some other deal. One reason such a special purpose vehicle (= 'ad hoc' company) is created often is to insulate a specific deal and later sell company shares to investors, sometimes as a tax-shelter program (reducing investor risk and increasing returns). Such a financial framework may be more easy to implement than bank financing when the lessee is financially shaky or lacks cash and cannot pu down equity funding. In this case, with AZ on the verge of bankruptcy, funding was probably a challenge, making cancellation the only possible outcome. EDIT : APF's purpose is wider than I wrote - it includes leasing other types to AZ (see Baroque's next post), and that business is going on. |
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s543
in service - 2 years
Posts: 3,959 
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Post by s543 on Apr 20, 2014 12:56:26 GMT 1
So we have left 350-800 - 34pcs AEROFLOT 8x ASIAN 8x AWAS 2x (for who ever that is ?) HAWAIAN 6x YEMENIA 10x (is this a serious order ? check what fleet they have now !) I just wonder who is next for change to other model. I believe some will go for 900, some will go for 330NEO (if it will come - which I do believe will !) I do believe you will now Philidor agree - to to my 3/4 year back guess - 350-800 is dead. (You strongly disagreed then)  |
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Baroque
in service - 2 years
Posts: 3,991
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Post by Baroque on Apr 20, 2014 13:59:03 GMT 1
With the order cancelletion, I doubt this company will ever do any business, though it has legal existence and might therefore be used for some other deal. APF already leases a bunch of A320s, A330s and a B777 to AZ according to planespotters. |
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Apr 20, 2014 16:22:43 GMT 1
With the order cancelletion, I doubt this company will ever do any business, though it has legal existence and might therefore be used for some other deal. APF already leases a bunch of A320s, A330s and a B777 to AZ according to planespotters. Right, thank you. I stand corrected. |
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(always worth a try), but I will call the Airbus press office tomorrow. 
