Singapore Air Won’t Extend Lease on Airbus A380 Jet in 2017
- Carrier yet to decide on future of 4 other A380s on lease
- Return of first A380 to test demand for second-hand jumbojet
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Singapore Airlines Ltd. said it won’t extend the lease on its first A380 superjumbo jet, a move that is set to test second-hand demand for the world’s biggest commercial aircraft.
The carrier, the first operator of the Airbus Group SE plane, will see the contract expire in October 2017 and doesn’t plan to exercise an option to extend it, Singapore Air said in an e-mail Wednesday. The airline’s first five A380s are on 10-year leases, and a decision on the other four planes will be made later, it said.