More delay. The deliveries of MAS’s six A380 aircraft on order have been delayed for a third time. The first A380 aircraft is now expected to arrive only in 1H2012 (vis-à-vis Aug and Jan 2011 according to the second and first revised schedules, and Jan 2007 based on the original schedule). The latest development is not quite a piece of “new news” to the market as MAS already made known the revised schedule (see Table 2) during its Investors’ Day on 20 Apr 2010 (see our Briefing Note on MAS dated 21 Apr 2010). Also, it was revealed in Dec 2009 that MAS was entitled to RM330m compensation for the postponement from Jan 2007 to Jan 2011, and that the compensation covering the postponement from Jan 2011 to Aug 2011 was being assessed. It is unknown if MAS will be entitled to compensation, and if so the quantum, for the latest postponement from Aug 2011 to 1H2010.
M’sian Airline System Berhad : Deliveries Of A380 Delayed For A Third Time - 3/4/2010
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