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With the end of the A380 program, the airline HiFly is looking for cheap A380s when they retire.
The wet lease company specializes in hiring jumbo jets for other companies that desperately need capacity on routes. The A380 has proven to be one of the most popular aircraft in their fleet.
What are the details?
Last year, the airline Hi-Fly rental contract with leasing services acquired an A380 from the former Singapore.
For those who do not know, a crewed rental is the same as a normal rental (as if you were renting a rental car), but with its own crew, food, fuel, services and more. In fact, as Hi Fly has its own IATA certificate, you do not even have to be an airline to rent their planes and start using your own routes.
Their new A380 proved to be a hit with Thomas Cook for its holiday destinations, Norwegian Airlines to address capacity issues due to its 787 Dreamliners, and Air Austral for the romantic and French Reunion State.
The Hi Fly A380 has been so successful that it would have been booked from March to October (the entire summer season) by a single customer.
Why does Hi Fly want more than A380?
What makes the A380 so perfect for wet lease airlines and why would Hi Fly want more?
First, the capacity. The A380 can accommodate from 500 to 800 passengers depending on the configuration. It is the largest passenger aircraft in operation to date. If an airline needs additional capacity in a flash, such as moving a significant number of passengers late (as in the case of Norwegian) or if an event occurs (such as the pilgrimage Islamic performed by a Malaysian), then the A380 may not be defeated.
Aditionellement, luxury. All A380s on the market are equipped with complete luxury equipment, with first class private suites and others with showers and bars. For a small airline that does not offer these items, such as a low cost carrier, the sudden possibility of upgrading VIP passengers or chartering some of their biggest customers is a very lucrative option. Hi Fly's current A380 features Singapore Airlines equipment including first class suites.
Next year, three more A380s will be retired from Air France (although their equipment leaves something to be desired) and Hi Fly is the first to break them.
"The existing Hi Fly A380, with a full crew, continues to generate significant commercial interest and a busy season ahead this summer. The decision to acquire more aircraft will be taken after the completion of a comprehensive financial study "- Hi Fly to Bloomberg
What do you think, is this a good Hi Fly strategy? Let us know in the comments.
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