Press: China Southern gets A380 delay payout

China Southern, the only Chinese customer for the A380, is likely to get US$250 million in compensation from AIRBUS due to the delayed delivery of the superjumbo jet, a Chinese newspaper reported yesterday. The Beijing News quoted an unnamed insider as saying that the compensation could possibly help China Southern get back into the black.

* Neither Airbus nor China Southern confirmed the report.

* The Guangzhou-based airline ordered five A380s last year and was expected to receive the first one at the end of 2007 and the second in 2008 and intended to use them to serve the 2008 Beijing Olympics.
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