International Lease Finance Corp, the world's biggest aircraft-leasing company, may cancel its US$3 billion (HK$23.4 billion) order for Airbus' A380 after the planemaker delayed delivery of the giant airliner for a second time.
Airbus told International Lease the order for 10 of the aircraft will now be 12 to 14 months later than the original agreement, said Los Angeles-based International Lease chief executive Steven Udvar-Hazy.
He said the contract lets his company scrap the deal without penalties after a six-month delay.
"We could cancel and are considering canceling all or some of our A380 order," he said. "We're not happy and on safe ground to cancel the order."
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Airbus, the world's biggest commercial-airplane maker, had been counting on the A380 to maintain its lead over Boeing. It said on June 13 that wiring problems are hindering production. BLOOMBERG
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