Not all good news for Airbus
As the two major aircraft manufacturers put on shows of strength over the weekend, a grey cloud appeared in Sydney for Airbus as the reality of compensation for delivery delays became a topic of discussion. Qantas, for all the media hype yesterday, are seeking compensation for late delivery of the new superliner, and they are not alone, with SIA and Malaysian Airlines also in the queue.
John Leahy, Airbus chief operating officer for customers, said in an interview on Australia’s Channel Nine television that details of compensation talks with airlines were confidential and he would not go into details.
When pressed, he said: “Well remember the airplane cost about 285 million dollars a copy, so I think it is safe to say we are talking a couple of million dollars.”
“It is not an enormous amount of money. We ask for a significant amount of money up front (to help build the aircraft)… and we have a delay, there is some payment made per day of delay.”
Charles Champion, the group’s chief operating officer, suggested compensation would be decided on a case by case basis.
“In some contracts there are matters related to compensation and this is negotiated directly between Airbus and each customer when the time comes,” he said.
Airbus’s production schedule for the double-decker plane is running four to six months later than promised, meaning the first delivery is not expected before late-2006.
The Mole
Graham Muldoon
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Qatar Airways offers flexible payment options for European travellers
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Skyscanner reveals major travel trends 2026 at ITB Asia
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists