markis10
Veteran Member
- Joined
- Nov 25, 2004
- Posts
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I wonder if Dj will jump on the availability of more ATRs earlier, and possibly A330s:
Kingfisher Air Talks to SC Lowy for Investment After Plane Order Scrapped - Bloomberg
Kingfisher Air Talks to SC Lowy for Investment After Plane Order Scrapped - Bloomberg
We didn’t think the situation of Kingfisher today was such that in a short time they’d be in a position to take additional planes,” ATR Chief Executive Officer Filippo Bagnato said in Paris yesterday. “There were issues with the continuity of pre-delivery payments.” '
Plane Deliveries
Airlines make pre-delivery payments between the signing of an initial purchase contract and the actual delivery of the plane. Kingfisher didn’t ask for the cancellations, he said.
The airline has already scrapped low-cost services and delayed Airbus SAS A380 deliveries as part of a turnaround plan.
ATR has been negotiating with Kingfisher for about two years over plane deliveries, according to the planemaker, a joint venture of European Aeronautic, Defence & Space Co. and Finmeccanica SpA (FNC) of Italy.
The carrier also has significant orders outstanding with Airbus, the world’s largest commercial planemaker, itself a unit of EADS. As of Dec. 31 Kingfisher had orders pending for five A380 superjumbos, five A350 long-range widebodies and 15 A330s, according to Airbus backlog numbers on its website. At list prices the aircraft would be worth about $6 billion.