A380 Owners Target U.S., China Role for Surplus Singapore Planes
- Asian carrier must decide by September whether to keep jets
- Refurbishment clause provides incentive to extend leases
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The owners of five Airbus Group SE A380s leased to Singapore Airlines Ltd. have begun touting the superjumbos around potential future operators while the Asian carrier evaluates whether to retain them.
Singapore Air must reach a decision by next September, though a clause requiring it to refurbish the jets at a total cost of as much as $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.