Skymark short on cash, A380 order terminated

The Airbus Beluga freighter taking hold of the Skymark tail (Image © Airbus)
The Airbus Beluga freighter taking hold of the Skymark tail (Image © Airbus)

Tuesday 29 July 2014 starts with a rather remarkable and very short message from European aircraft manufacturer Airbus. “Following discussions with Skymark Airlines and in light of the airline’s expressed intentions in respect of the A380, Airbus has in accordance with its contractual rights, notified Skymark Airlines that the purchase order for the six A380s signed in 2011 has been terminated. Airbus is reserving all its rights and remedies.”

According to sources close to the process the Japanese airline is so short on cash it can no longer afford the A380s, marking the end of one of the most advertised constructions, with Airbus until earlier this year releasing several status updates including imagery of the making of the first Skymark A380. News agency Bloomberg reports the near future looks grim for both Skymark and the A380, with Skymark’s value dropping on the Tokyo’s stock exchange.

With the termination of the 2011 Skymark contract for six A380s, Airbus looses its only Japanese customer for the type so far. The first A380 destined to Skymark will now have to find a new customer, which can be difficult coming with a base price tag of about 400 million US dollars.

Fly
The airlines that do fly the A380 are so far: Singapore Airlines (since October 2007), Emirates (August 2008), Qantas (October 2008), Air France (November 2009), Lufthansa (June 2010), Korean Air (June 2011), China Southern Airlines (October 2011), Malaysia Airlines (July 2012), Thai Airways International (October 2012), British Airways (September 2013), Asiana Airlines (June 2014). Qatar Airways’ A380 has had its maiden flight in September 2013, but the delivery of the first of 13 aircraft ordered has been delayed until at least September due to some dissatisfaction from Qatar – apparently about the interior of the airplanes.

© 2014 Airheadsfly.com Marcel Burger

The first Skymark A380 rolls out (Image © P. Masclet / Master Films / Airbus)
The first A380 meant for Skymark rolls out in February 2014 (Image © P. Masclet / Master Films / Airbus)

Maiden flight at Toulouse of the first Skymark A380 (Image © P. Masclet / Master films / Airbus S.A.S.)
Maiden flight at Toulouse of the first A380 meant for Skymark in April 2014
(Image © P. Masclet / Master films / Airbus S.A.S.)