Air France-KLM takes E126m charge for A380 withdrawal
Air France’s withdrawal of the Airbus A380 fleet has resulted in its parent taking a |E126m (US$136m) impairment on the aircraft type. The carrier disclosed last year that it would retire its A380 fleet by 2022, just 13 years after introducing the double-deck type. Air France originally ordered 12 A380s but only took delivery of 10, having swapped the remaining pair for A350s in 2016. Nine of its 10 A380s remain operational. Air France-KLM Group states in its newly-released full-year financial results that the progressive early phase-out of the A380s is likely to cost E370m. This figure, it says, is mainly due to accelerated depreciation of the aircraft which would normally have assumed a 20-year operational life. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-02-21/sky/air-france-klm-takes-e126m-charge-for-a380-withdrawal
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Air France-KLM takes E126m charge for A380 withdrawal
Air France’s withdrawal of the Airbus A380 fleet has resulted in its parent taking a |E126m (US$136m) impairment on the aircraft type. The carrier disclosed last year that it would retire its A380 fleet by 2022, just 13 years after introducing the double-deck type. Air France originally ordered 12 A380s but only took delivery of 10, having swapped the remaining pair for A350s in 2016. Nine of its 10 A380s remain operational. Air France-KLM Group states in its newly-released full-year financial results that the progressive early phase-out of the A380s is likely to cost E370m. This figure, it says, is mainly due to accelerated depreciation of the aircraft which would normally have assumed a 20-year operational life. <br/>
