Two A380s used by Singapore Airlines will be stripped for parts as aircraft lesser failed to find a new home. According to German investment company, Dr Peters Group, non of the airline want to lease the superjumbo jets that was returned to company after being used for 10 years by Singapore Airlines.
The two aircraft were grounded by Singapore Airlines in June 2017, and returned to its German leasing company Dr Peters Group, where it was painted white and flown to Tarbes Lourdes Pyrénées airport, close to the Airbus factory in Toulouse where it was originally built, and was stored in a storage facility. Since, Dr.Peters Group failed to find new owner, the company decided to strip them for parts.
The decision to strip the A380s, is psychologically not good for Airbus at the time of its efforts to maintain market interest for the double-decker, because the aircraft were barely 10 years into service.
Demand for the 544-seater has fallen as many airlines are in favor of smaller twin-engine jets that are more efficient, and economical to operate.
“After extensive as well as intensive negotiations with various airlines such as British Airways, HiFly and IranAir, Dr Peters Group has decided to sell the aircraft components and will recommend this approach to its investors,” the company said in a statement emailed to Reuters.