Airbus to brief finance community on A340 market

London
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European aircraft manufacturer Airbus is to organise a meeting later this week to pitch the Airbus A340 family to banks, financiers, appraisers and remarketing companies in London.

The 4 December all-day gathering includes overviews of the A340-300 variant as well as the A340-500/600 markets as well as two customers presentations.

The day will also include presentations from CFM International and Rolls-Royce as well as an introduction from Airbus’ chief operating officer-customers John Leahy.

The long-range four-engine A340-200 entered service in March 1993 with launch customer Lufthansa. Air France followed shortly by the -300 series.

The -500 and -600 versions were launched in 1997. Entry into service was in 2002.

Airbus built 246 -200/300s and 131 -500/600s. The in-service fleet now accounts for 304 units with 19 -200s, 175 -300s, 20 -500s and 90 -600s, according to Flightglobal’s Ascend Online database.

Ascend shows stored fleet has now passed the 15% mark with 54 units parked.

Currently Airbus Asset Management has a total of 19 aircraft for sale or lease including two -200s, seven -300s, five -500s and six -600s.