Sunday, December 21, 2014

Airbus suing Skymark over A380 contract

Airbus SAS is preparing to file a lawsuit in Britain against Skymark Airlines over the Japanese airline’s purchase of Airbus A380 superjumbo jets, informed sources said.

In 2011, Skymark signed a contract to buy six A380s. But it later asked for changes to the contract, including a delay in the purchase, due to its poor business performance.

Concluding that Skymark had called off the purchase, Airbus in July notified the Japanese firm of its decision to terminate the contract and demanded a penalty of ¥70 billion. Skymark has asked for a smaller penalty.

A senior Skymark official said Saturday that the move by Airbus suggests the European aircraft maker wants to resolve the issue early and that no decision to file a suit has been made.


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