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Asian Airlines Disappointed by Latest Airbus Delay

Several airlines in the Asia-Pacific commercial banking sector by buying tiny
region are reviewing their options after lender Nan Tung Bank in the southern city
the latest delay in the delivery of the of Zhuhai.
Airbus 380 and a U.S. investment bank has Morgan Stanley bought the bank, which has
found a way into China's commercial just one branch, for an undisclosed sum
banking business. from Bank of China, the country's second
Singapore Airlines, Malaysia Airlines and largest lender. The purchase allows the
Australia's Qantas Airways say they are U.S. bank to provide products denominated
disappointed about the latest delay in in the local currency, the yuan, to
the delivery of the Airbus 380. corporate customers through Nan Tung
The France-based European Aeronautic Bank.
Defense and Space Corporation has Normally, foreign banks have to operate
postponed the delivery of the new for at least five years in China and
super-jumbos for the third time since obtain a commercial banking license
June 2005 due to production problems. before being able to conduct local
Singapore Airlines will receive its first currency-denominated corporate banking.
of 10 firmly ordered A-380s at the end of India's Tata Group will launch a national
2007, a year later than scheduled. Airbus chain of mega-stores for consumer
deliveries to Malaysia Airlines and electrical appliances in alliance with
Qantas will be delayed by two years to Australian retailer Woolworths.
2008. Woolworths will provide technical support
Qantas' chief financial officer Peter and sourcing facilities for the new
Gregg says the airline may revise its stores, which will be named "Croma". Tata
Airbus order and look at buying planes plans to launch 30 "Croma" mega-stores
from U.S. rival Boeing instead. across India within the next 18 months,
"We always look at the alternatives to the first in Mumbai.
every aircraft type, and it's no secret London's famous black taxis will soon be
that we have looked at 747 800. We have driving on the streets of China. British
ordered the A 380, it would be a very specialist carmaker Manganese Bronze has
significant event for us to cancel those signed a $100 million-joint-venture deal
orders. But we have to review all our with Chinese automaker Zhejiang Geely
options at this point of time," he said. Holdings to produce the taxicabs in
U.S. investment bank Morgan Stanley has Shanghai. The new plant will be able to
established a foothold in China's make up to 20,000 taxis a year.




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