Airbus puts six jets made for AirAsia up for sale as crisis deepens | Malay Mail

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PARIS, April 21 — Airbus has put six jets made for one of its largest customers up for sale after giving up on Malaysia’s AirAsia taking delivery of them, sources familiar with the matter told Reuters. The unusual move is a sign of the deepening crisis in the aviation industry caused by the...

Tuesday, 21 Apr 2020 10:12 AM MYT

The unusual move is a sign of the deepening crisis in the aviation industry caused by the coronavirus pandemic, which some analysts warn could lead to a fire-sale of unwanted planes. Although “pop-up” sales of unwanted aircraft are not new, they rarely involve high-profile customers and typically include the manufacturer keeping the deposit, the sources said. Airbus declined to comment on whether it had done so this time.

Buyers can fetch the jets from France or Germany in June, complete with optional onboard equipment ordered by AirAsia. Airbus said this month it faced many calls from airlines to defer aircraft deliveries, but had not received cancellations directly as a result of the coronavirus epidemic.A sale would protect Airbus’s investment in parts, but comes with greater than usual risk during the industry crisis.

 

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