An A380 has been retired and stored for the first time since its induction 10 years ago. Only into service for 10 years, a Singapore Airline A380 is now being stored permanently without engines in France.
The Singapore Airlines grounded the plane in June this year and returned it to its German leasing company Dr Peters Group last week, where it was painted white and flown to Tarbes Lourdes Pyrénées airport, near the Airbus factory in Toulouse. The aircraft will be stored in the Peters Group’s storage facility until a new buyer is found.
SIA is expected to return three more A380s, out of which another one is already grounded at Changi Airport. Finding new buyers for these aircraft is not going to be easy for Dr.Peters Group as industry is eyeing Boeing’s 787-10s and 777x.
Even the Emirates, silently backed off from its much anticipated order commitment for 30 new A380s at 2017 Dubai Airshow, instead ordered 40 Boeing 787-10.
According to Peters Group, if the company can’t find new owners, the aircraft will be stripped down and sold for parts worth $100 million. The original list price of A380 was $250million.
Peters Group financed 9 A380s, five for Air France and four for Singapore Airlines.