15-Mar-2011 10:57 AM

ILFC's A380 order cancelled due to lack of secondary market

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.