Owners of A380s leased to SIA look for operators
SIA must decide by next September whether to extend 10-year leases that expire from 2017, or refurbish the jets to like-new conditions before returning them
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Frankfurt
THE owners of five Airbus Group SE A380s leased to Singapore Airlines Ltd (SIA) have begun touting the superjumbos around potential future operators while the Asian carrier evaluates whether to retain them.
SIA must reach a decision by next September, though a clause requiring it to refurbish the jets at a total cost of as much as US$125 million provides a strong incentive to extend 10-year leases that expire from 2017, according to Dr Peters Group, which owns four of the double-deckers.
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