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Airbus A380s are being retired from service in Covid airline crisis

Airbus A380s are being retired from service in Covid airline crisis

Old Jun 27, 2020, 12:13 pm
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Airbus A380s are being retired from service in Covid airline crisis

Airbus A380s are being retired from service by Air France, Korean Air, Lufthansa and Qantas, in announcements made by each this week.

Lufthansa was the first to announce it would be grounding its Airbus A380s, according to Aero Telegraph, used primarily for intercontinental routes to North America and Asia, due to the reduction in demand.Korean Air followed suit earlier this week, grounding its entire Airbus A380 fleet, Forbes reported. Last month, it was reported that a Korean Air flight attendant with COVID-19 may have worked flights on the 400-seat aircraft between Seoul and Los Angeles. link to Business Insider.
Air France no longer will fly Airbus A380 aircraft, the carrier announced on Wednesday.

The carrier already had planned to phase out the aircraft type, the world's largest passenger aircraft, by 2022, but the Covid-19 crisis sped up the process. Air France currently owns five A380 aircraft and leases four more, and it will replace the aircraft with Airbus A350 and Boeing 787 aircraft. The carrier is the first operator of the aircraft type to fully retire it, and Airbus is phasing out its production. Link to Business Travel News.
Qantas is sending its remaining (six of 14) A380s to “mothballs” long term storage at Mojave, California, for at least three years. Link to full article on traveler.com.au
Qantas said these assets would be idle for the foreseeable future, which represents a significant portion of their remaining useful life.

As a result, the carrying value of the A380 fleet, spare engines and spare parts will be written down, which will constitute the majority of the $1.25 billion to $1.4 billion asset impairment charge in the FY20 result.
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