Adam
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Registered: 1st May 01
Location: Hurstbourne Tarrant
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British Airways announced today the retirement of its Concorde fleet of seven aircraft with effect from the end of October 2003.
The airline said that its decision had been made for commercial reasons with passenger revenue falling steadily against a backdrop of rising maintenance costs for the aircraft.
Detailed discussions over an extended period with Airbus, the aircraft's manufacturer, confirmed the need for an enhanced maintenance programme in the coming years, the carrier added.
BA has decided that such an investment cannot be justified in the face of falling revenue caused by a global downturn in demand for all forms of premium travel in the airline industry.
The downturn has had a negative impact on Concorde bookings and is set to continue for the foreseeable future, according to the airline.
Chief Executive Rod Eddington, said: "Concorde has served us well and we are extremely proud to have flown this marvellous and unique aircraft for the past 27 years.
"This is the end of a fantastic era in world aviation but bringing forward Concorde's retirement is a prudent business decision at a time when we are having to make difficult decisions right across the airline."
Noel Forgeard, President and Chief Executive officer of Airbus, said: "Airbus' predecessors Aerospatiale and British Aircraft Corporation created Concorde some 40 years ago and we are proud of this remarkable achievement.
"But its maintenance regime is increasing fast with age. Thus, as an aircraft manufacturer, we understand completely and respect the decision of British Airways, especially in the present economic climate.
"It goes without saying that until the completion of the very last flight, we will continue to support the airline so that the highest standards of maintenance and safety are entirely fulfilled."
Rod added that today's announcement is not a direct result of war in Iraq.
He said: "While the threat of war and resulting military conflict have had a further impact on premium travel demand, the decision to retire Concorde has been based on a long-term revenue and cost trend rather than recent events.
"I would like to place publicly on record my sincere thanks and appreciation to all our staff, past and present, who have made the Concorde story one of the most compelling in the history of commercial flight.
"Our pride in the aircraft will never wane and I am determined that we make its final six months in the sky a time for celebration."
Retiring Concorde will result in £84m write-off costs for the year ended March 2003.
The airline is already planning to make its Concordes available for the public to view in museums.
To honour the past 30 years of supersonic travel, BA will announce shortly a programme of special events and promotions for air travellers.
For the next few months, British Airways will continue to operate its daily Concorde services between London Heathrow and New York JFK and seasonal services to Barbados.
BA's decision to retire Concorde was communicated to the London Stock Exchange in the first instance. This is because the carrier is bound to the City's regulations which stipulate that the LSE has to be told of any financial changes to the business before anyone else.
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Brett
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Registered: 16th Dec 02
Location: Manchester
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[Edited on 10-04-2003 by loafofbrett]
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Dave Hay
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Registered: 10th Apr 02
Location: Aberdeenshire
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well after doing a module at univeristy on turbines and planes, i can see why they cannot justify the maintenance costs for the plane - they leaked fuel on passengers ffs lol
the plane is an icon though! hence it always has a capital c  . wouldnt be surprised to see the plane evolved into something very similar in next 10 years.
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MarkM
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Registered: 11th Apr 01
Location: Liverpool
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Sad day!
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
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One will probably end up at Bruntingthorpe 
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Super_si
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Registered: 4th Mar 01
Location: lurkin' somewhere........................
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Wasnt Branson thinking buying them off BA?
I know BA werent very keen about it
Si
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Matty J
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Registered: 24th Apr 02
Location: Heybridge, Essex!
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Sad day indeed
Although we don't actually see concorde flying about on a daily basis it will seem strange to think that it is'nt up there anymore. Anyone agree?
Matt
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GREG 1
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Registered: 28th Jul 00
Location: Essex
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Proud to be British 
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chrisfitton
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Registered: 6th Jul 01
Location: Kelsall between Northwich and Chester
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Only chance regular civilains get to go faster then sound. Hmm maybe oneday there will be something better and faster.
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