Airbus to pay India's Kingfisher over one bln rupees for A380 delay - report
06-Oct-2006 |
Airline Code [KFR]
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NEW DELHI (XFN-ASIA) - European aircraft manufacturer Airbus has agreed to pay Kingfisher Airlines over one bln rupees (22 mln usd) for a delay in delivering five A380 superjumbo aircraft, the Economic Times reported.
The airline, which is owned by the UB group, ordered the aircraft last year. Airbus has communicated that they are postponing deliveries of the aircraft and the first aircraft will now be delivered only by 2011, UB group chairman Vijay Mallya was quoted as saying. It is unclear whether the compensation to Kingfisher for the A380s would be in the form of discounts or payment, the report said.
Airbus announced this week a one-year delay in the project, its third such announcement. Kingfisher placed orders at the Paris airshow last year , signing up for 15 planes -- five A380s, five A350s and five A330s in a deal estimated to be worth about 3 bln usd. |
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Airbus to pay India's Kingfisher over one bln rupees for A380 delay - report 
