Air France-KLM Group has announced the definitive end of Air France’s Airbus A380 operations.
Initially scheduled by the end of 2022, the phase-out of the Airbus A380 fleet is beginning with immediate effect and 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 (US$550 million) and will be booked in the second quarter of 2020 as a non-current cost/expenses.
The Airbus A380 will be replaced by new-generation aircraft, including the Airbus A350 and Boeing 787, whose deliveries have not yet been completed.Email Post to a Friend