Editing Airbus A380 (section)

===Teardown and second-hand market===
With four A380s leased to Singapore Airlines having been returned between October 2017 and March 2018, [[Dr. Peters]] feared a weak [[Aftermarket (merchandise)|aftermarket]] and is considering [[Aircraft boneyard|scrapping]] them, although they are on sale for a [[business jet]] conversion, but on the other hand Airbus sees a potential for [[African airlines]] and [[Chinese airlines]], [[Hajj]] charters and its large Gulf operators.<ref>{{cite web |url= https://www.flightglobal.com/news/articles/dr-peters-considering-a380-teardown-sources-437799/ |title= Dr Peters considering A380 teardown |date=1 June 2017 |author=Jamie Bullen |website=Flight Global}}</ref> An A380 parted out may be worth $30&nbsp;million to $50&nbsp;million if it is at half-life.<ref>{{cite web|url= https://www.flightglobal.com/news/articles/hi-fly-eyes-dr-peters-a380s-441077/ |title=Hi Fly eyes Dr Peters' A380s |date=13 September 2017 |author= Jamie Bullen |website= Flight Global}}</ref> Teardown specialists have declined offers for several aircraft at [[aircraft recycling|part-out]] prices due to high risk as a [[Second-hand|secondary market]] is uncertain with $30 to $40&nbsp;million for the [[Remanufacturing|refurbishment]], but should be between $20 and $30&nbsp;million to be viable.<ref>{{cite news |url= http://www.mro-network.com/airlines/part-out-specialists-lukewarm-second-hand-a380s |title= Part-Out Specialists Lukewarm on Second Hand A380s |author= James Pozzi |date=30 May 2018 |website= Aviation Week Network}}</ref>

When the aircraft were proposed to [[British Airways]], [[Hi Fly Malta|Hi Fly]] and [[Iran Air]], BA did not want to replace its [[Boeing 747]]s until 2021, while Iran Air faced [[Iran deal|political uncertainty]] and Hi Fly did not have a convincing [[business case]].<!--<ref name=Bloomberg5jun2018>--> Consequently, Dr. Peters recommended to its investors on 28 June 2018 to sell the [[aircraft part]]s with [[Volvo Aero|VA]]S Aero Services within two years for US$45&nbsp;million, quickly for components like the [[landing gear]] or the [[Auxiliary power unit|APU]].<!--<ref name=Dr.Peters5jun2018>-->
[[Rolls-Royce Trent 900]] leasing beyond March 2019 should generate US$480,000 monthly for each aircraft before selling the turbofans by 2020.<!--<ref name=Dr.Peters5jun2018>--> With a total revenue of US$80&nbsp;million per aircraft, the overall [[Return on capital|return]] expected is 145–155% while 72% and 81% of their [[debt]] had already been repaid.<ref>{{cite press release |url= https://www.dr-peters.de/en/press/press-releases/2018/2018-06-05.html |title= Positive overall result for two A380 funds |date= 5 June 2018 |publisher= Dr. Peters Group |access-date= 23 July 2018 |archive-url= https://web.archive.org/web/20180723122713/https://www.dr-peters.de/en/press/press-releases/2018/2018-06-05.html |archive-date= 23 July 2018 |url-status= dead}}</ref>

The fifth plane coming back from SIA, owned by Doric, has been leased by [[Hi Fly Malta]] with a lease period of "nearly 6 years".<ref>{{cite press release |author=<!--Not stated--> |title=Doric: First A380 Secondary Market Deal |url=https://www.doric.com/fileadmin/Doric_Asset_Finance/Press_Releases/2018_07_19_Doric_press_release_Hi_Fly_A380.pdf |location= |publisher=Doric Group |date=19 July 2018 |access-date=2022-01-10}}</ref> Hi Fly Malta became the first operator of second-hand A380 (MSN006).<ref>{{cite web |url=https://airwaysmag.com/airlines/hi-fly-becomes-the-worlds-first-airbus-a380-second-hand-operator-photos/ |title=Hi Fly Becomes the World's First Airbus A380 Second-Hand Operator |author=Airways |website=Airways News |date=5 July 2018 |access-date=15 May 2019 |archive-date=15 May 2019 |archive-url=https://web.archive.org/web/20190515090440/https://airwaysmag.com/airlines/hi-fly-becomes-the-worlds-first-airbus-a380-second-hand-operator-photos/ |url-status=dead}}</ref> [[Norwegian Long Haul]] briefly leased Hi Fly Malta A380 in August 2018, which operated the aircraft following engine problems with their Dreamliner fleet.<ref>{{cite web |last1=Morris |first1=Hugh |title=Budget fliers to New York could be upgraded to luxurious first class after Norwegian forced to lease A380 |url=https://www.telegraph.co.uk/travel/news/norwegian-a380-london-new-york/ |archive-url= https://ghostarchive.org/archive/20220111/https://www.telegraph.co.uk/travel/news/norwegian-a380-london-new-york/ |archive-date=11 January 2022 |url-access=subscription |url-status=live |website=The Telegraph Online |date=5 November 2018}}{{cbignore}}</ref> Norwegian leased the A380 again in late 2018 to help deal with the passenger backlog as a result of the [[Gatwick Airport drone incident]].

Two others returned from Singapore Airlines in the coming weeks (June 2018) but they could stay with an existing Asian A380 flag carrier.<ref name="Bloomberg5jun2018">{{cite news |url= https://www.bloomberg.com/news/articles/2018-06-05/first-a380s-poised-for-scrapheap-as-second-hand-interest-fades |title= Two Unwanted A380s Are Moving Closer to the Scrapheap |author= Tom Lavell and Benedikt Kammel |date= 5 June 2018 |agency= Bloomberg}}</ref><ref>
{{cite news |url= https://www.flightglobal.com/news/articles/dr-peters-to-part-out-two-a380s-after-airline-talks-449224/ |title= Dr Peters to part out two A380s after airline talks yield no deal |date= 5 June 2018 |author= Michael Gubisch |website=Flight Global}}</ref>

The teardown value includes $32–$33&nbsp;million from the engines in 2020 and $4&nbsp;million from leasing them until then, while the value of a 2008 A380 would be $78.4&nbsp;million in 2020 and its monthly [[aircraft lease|lease]] in 2018 would be $929,000.<!--<ref name=Flight7jun2018>-->
The two aircraft have [[rate of return|return]]ed 3.8–4.2% per year since 2008 but the 145–155% return is lower than the 220% originally [[Forecasting|forecast]].<!--<ref name=Flight7jun2018>-->
Of the nearly 500 made, 50 [[747-400]]s were sold in the secondary market, including only 25 to new customers.<ref name="Flight7jun2018">{{cite news |url= https://www.flightglobal.com/news/articles/analysis-dr-peters-seeks-to-salvage-a380s-with-part-449268/ |title=Dr Peters seeks to salvage A380s with part-out plan |date=7 June 2018 |author=Sophie Segal |website= Flight Global}}</ref>
These are among the first A380s delivered, lacking the improvements and weight savings of later ones.<ref>{{cite news |url=https://www.flightglobal.com/news/articles/opinion-the-fading-dream-of-an-a380-secondary-marke-449287/ |title= The fading dream of an A380 secondary market |date=8 June 2018 |website=Flight Global}}</ref>

The first two A380s delivered to Singapore Airlines (MSN003 and MSN005) flew to [[Tarbes]], France, to be scrapped. Their engines and some components had been dismantled and removed while the livery was painted over in white.<ref>{{cite web |url=https://airwaysmag.com/industry/sad-sight-first-two-airbus-a380-in-the-scrapyards/ |title=Sad Sight: First Two Airbus A380 in the Scrapyards |website=Airways News |date=8 May 2019 |author=Daniel Sander |access-date=15 May 2019 |archive-date=14 May 2019 |archive-url=https://web.archive.org/web/20190514195854/https://airwaysmag.com/industry/sad-sight-first-two-airbus-a380-in-the-scrapyards/ |url-status=dead}}</ref>

As of September 2019, Emirates initiated its A380 retirement plan{{snd}}which will see the type remain in service until at least 2035{{snd}}by retiring two aircraft that were due for a major overhaul, and using them as parts donors for the rest of the fleet. Emirates does not see any demand in the second-hand market, but is indifferent in that the retired aircraft have already been fully [[Writedown|written down]] and thus have no residual [[book value|value]]. As further aircraft are retired, Emirates-owned airframes will continue to be used for parts, while leased airframes will be returned to the lessors.<ref>{{cite news |last1=Kingsley-Jones |first1=Max |title=Emirates begins A380 retirements to support in-service fleet |url=https://www.flightglobal.com/news/articles/emirates-begins-a380-retirements-to-support-in-serv-460661/ |work=Flightglobal.com |date=4 September 2019}}</ref> One such return to lessor Doric was <!-- re- -->purchased by Emirates for £25.3&nbsp;million in late 2022, as spare parts.<ref>{{cite web |title=Doric's Nimrod One sells A380 ahead of liquidation {{!}} News {{!}} Airfinance Journal |url=https://www.airfinancejournal.com/articles/3589160/dorics-nimrod-one-sells-a380-ahead-of-liquidation |website= airfinancejournal.com |date=21 December 2022}}</ref>