Hey Tail Rota The guys are smokin the right stuff
International Lease Finance Corporation (ILFC) said it was "not happy" about fresh delays in the delivery of the $300m double-decker and believed it now had a legal case to scrap its 10 orders.
Yesterday's warning from ILFC confirms the worst fears of Airbus executives that customers will exploit the legal loopholes caused by the delays to pull out of a project already losing appeal due to higher oil prices.
Airbus has racked up just 159 orders for the A380 so far, with almost no new takers since crude prices began to surge. The company needs at least 250 sales to cover the €11bn launch costs.
Check out the news item here
My money is on EK becoming mainly a Boeing Fleet.
What a Crack
