April 30, 2015: Malaysia Airlines is offering for sale or lease all six of its Airbus A380s, its two Boeing 747-400Fs and four Airbus A330-200Fs and four Boeing 777-200ERs as it seeks to restructure following a disastrous 2014.
MAS lost two 777s last year: MH370, the flight that disappeared and still hasn’t been found; and MH17, the flight that was shot down over Ukraine.
Elimination of the freighters wipes out MASCargo.
MAS, the passenger operation, has six A380s, 15 A330-300s, 57 Boeing 737-800s with 14 on order and 10 options and 13 777-200ERs, according to Wikipedia.
|Aircraft Type||Engine||MSN||DOM||Available From||For sale / Lease|
|A380||RR Trent 970||78||2012||Immediate||sale or Lease|
|81||2012||Immediate||sale or Lease|
|84||2012||2016||sale or Lease|
|89||2012||2016||sale or Lease|
|94||2013||2016||sale or Lease|
|114||2013||2016||sale or Lease|
|A330-200F||PW4170||1136||2011||Immediate||sale or Lease|
|1148||2011||Immediate||sale or Lease|
|1164||2012||Immediate||sale or Lease|
|1180||2012||Immediate||sale or Lease|
The disposal of all six A380s presents an opportunity to test the market for used A380s and whether a key component to Airbus’ strategy for the super jumbo going forward will work: allow airlines to try out the airplane without having to spent the huge amount of money required to buy new. After experiencing the A380, the theory goes, other carriers will understand how this can spur sales.
This theory was created in anticipation of A380s coming off lease from Singapore Airlines and later Emirates Airlines for airplanes that are 12 years or older. The MAS A380s are considerably younger.
Disposal of the A330-200Fs won’t help Airbus sell new ones. The price has raised questions over the ROI of new-build, main-deck freighters (an issue with Boeing and its 747-8F and 777F as well). The relatively young 747-400Fs also will put pressure on Boeing’s ability of sell 747-8Fs to keep this line alive.