Singapore Air To Get A380 Compensation

October 4, 2006

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Singapore Airlines said on Wednesday it would receive compensation from Airbus for the delay in the delivery of its superjumbo A380 aircraft and the first plane would be delivered in the fourth quarter of 2007.

"The delays are disappointing; all the more so because the flight test and certification program is proceeding well, and the delays are down to production issues," a Singapore Airlines statement said.

It added the compensation sum was confidential.

Airbus was previously due to deliver the first USD$300 million double-decker to launch customer Singapore this year, but the inaugural delivery was now delayed until October 2007, 10 months late.

Airbus parent EADS said on Tuesday it pushed back its troubled A380 superjumbo by another year, and issued a new profit warning, as difficulties installing wiring stalled the delivery of the superjumbo, now running two years later than planned.

(Reuters)