Nov 15 Airbus announced the sale of two A340
passenger jets to a UK services company on Thursday, marking the
final deliveries of its longest-range model but also one of its
The two A340-500s will be the last examples of the
four-engined jetliner to be delivered brand-new from their
French factory and had previously been earmarked for struggling
Indian carrier Kingfisher Airlines, industry sources
Airbus has already halted production of the A340, which came
out in 1993 just before changes in engine design and regulations
allowed Boeing to develop its rival 777 with two engines instead
of four, allowing airlines to fly many routes at a lower cost.
Airbus said the 282-seat A340-500 aircraft, each with a
range of 16,670 km (9,000 nautical miles), had been sold to AJW
Capital Partners, an aviation services group based in the UK.
They will be placed into commercial service with an
unidentified airline early next year, it said in a statement.
Airbus declined to comment on the background to the sale,
but industry sources have previously said the only two A340s
remaining for sale had orginally been built for Kingfisher.
They were most recently listed by Airbus as waiting for
delivery to unidentified private customers.
Once considered Airbus's most glamorous jet, the slender
A340 boasted "four engines for long-haul" and versions of the
passenger plane once held records for endurance and the biggest
passenger jet by fuselage length, both now held by Boeing.
In its heyday, the A340 was feted when Virgin Atlantic boss
Richard Branson asked the late Princess Diana to name one the
"Lady in Red," but caused blushes at Airbus a decade later when
another crashed into a concrete barrier during ground tests.
More recently Airbus and even its rival Boeing have been
buying A340s back from airlines as trade-ins to facilitate sales
of more efficient two-engined aircraft.
The only four-engined passenger jets left in their
catalogues are the larger 525-seat Airbus A380 superjumbo and
the latest 467-seat version of Boeing's jumbo jet, the 747-8.
Halting production of the A340 will however benefit its
smaller cousin, the A330, the European company's best-selling
long-haul jet which generates significant cash for Airbus.
Because both models share the same type of wing, engineers
have found a way to improve the A330's performance by
redesigning the place reserved for the A340s two extra engines.
The changes are designed to gird the A330 for a new round in
the perennial battle for sales between Airbus and Boeing as the
U.S. company prepares to launch a stretched version of its 787
Dreamliner -- dubbed the "A330-300 killer" by Boeing supporters.
Airbus insists the A330 has a solid future especially as a
cross-regional jet within Asia, a fast-growing travel market.