Reference: THAI reconsiders costly jumbo deal, Bangkok Post, June 9, 2009
THAI is not the only airline that is re-thinking its plan to acquire A380 airliners (THAI reconsiders costly jumbo deal, Bangkok Post, June 9, 2009). The slump in the market for large aircraft is now a worldwide phenomenon and it comes while A380 sales are still far short of the breakeven target of 250 units. The giant technological marvel could be headed for the museum to sit next to the Concorde as another monument to a peculiarly European combination of good engineering and bad marketing.
Cha-am Jamal
Thailand
Wonder if Thai AL reserved any 380? And if so, how much will it cost them to back out?
ReplyDeleteThis all goes along with the saying that all of us homeowners "knew:" "Homes/land ALWAYS goes up in value."
(But of course, you may have to wait ten years or more for that appreciation.)