ILFC CEO Henri Courpron reportedly stated the leasing company cancelled its order for 10 A380s due to uncertainty about the secondary market for the aircraft (Bloomberg, 14-Mar-2011). ILFC had orders for a first lease of its A380s but "no visibility" on leases for 10-12 years following.
ILFC's A380 order cancelled due to lack of secondary market
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HNA's Avolon group to acquire CIT Commercial Air, creating world’s third largest aircraft lessor
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The USD10 billion deal will create the world’s third largest lessor - and they may be more to come yet.
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Iran Air has dropped preliminary plans to take 12 A380s. Although this is being marked as the latest blow to the A380 order, Iran Air taking A380s was always a distant prospect. Tehran is a small hub prospect in the short term and, irrespective of whether Iran Air could find sustainable markets for the type, by the time Iran Air planned to receive its first A380 the type would be well into its mid-life, with dwindling spare parts and support.
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