Phase-out of Air France entire Airbus A380 fleet
May 20 2020 - 10:50AM
Phase-out of Air France entire Airbus A380 fleet
Roissy, 20 May 2020
Phase-out of Air France entire Airbus A380
fleet
In the context of the current COVID-19 crisis
and its impact on anticipated activity levels, the Air France-KLM
Group announces today the definitive end of Air France Airbus A380
operations.
Initially scheduled by the end of 2022, the
phase-out of Airbus A380 fleet fits in the Air France-KLM Group
fleet simplification strategy of making the fleet more competitive,
by continuing its transformation with more modern, high-performance
aircraft with a significantly reduced environmental footprint.
Five of the Airbus A380 aircraft in the current
fleet are owned by Air France or on finance lease, while four are
on operating lease. The global impact of the Airbus A380 phase-out
write down is estimated at 500 million euros and will be booked in
the second quarter of 2020 as a non-current cost/expenses.
Airbus A380 will be replaced by new generation
aircraft, including Airbus A350 and Boeing 787, whose deliveries
are ongoing.
Investor
relations
Press
Olivier
Gall
Wouter van
Beek
+33 1 49 89 52 59
+33 1 49 89 52
60
+33 1 41 56 56 00
olgall@airfranceklm.com
wouter-van.beek@airfranceklm.com
Website: www.airfranceklm.com
- Press release A380 phaseout VE
Air FranceKLM (EU:AF)
Historical Stock Chart
From Mar 2024 to Apr 2024
Air FranceKLM (EU:AF)
Historical Stock Chart
From Apr 2023 to Apr 2024