Leasing company stripping A380 for parts in failed search for buyer

posted on 7th June 2018 by yumna
Leasing company stripping A380 for parts in failed search for buyer

A leasing company based in Germany is planning to strip its fleet of Airbus A380s and sell the parts as it fails to find anybody that wants the jets.

Dr Peters Group, based in Dortmund, received the two aircraft from Singapore Airlines late last year which was returning them after 11 years of service.

Failing to gain a new operator, the group stated that it is to sell the components of the aircraft and recommends the approach to its investors.

The engines of the A380s have already been leased back to Rolls Royce as the unwanted aircraft remain stationary in storage at Tarbes Lourdes Pyrénées Airport in France.

The Airbus A380 entered into service in 2005 promising to revolutionize the way we fly. This commotion has slowly dwindled over the years as the aircraft has suffered engine problems and Airbus found no new buyer for the A380 in 2016 or 2017.

Towards the end of 2017, Airbus hinted at the discontinuation of the aircraft’s production should the company find no new buyers. However, Emirates threw a lifeline earlier this year comitting to purchasing 20 of the superjumbo.