Airbus delays restructuring, blames A350 rift
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Airbus on Monday postponed a major announcement on job cuts planned for Tuesday, saying European nations could not agree how to share the work on the planemaker's next aircraft, the wide-body A350.
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European aircraft maker Airbus is facing further delays in the delivery of its A380 superjumbo airliner, for as much as six months, a newspaper reported.
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Airbus and its parent company EADS could disclose new delivery delays for the A380 superjumbo as well as a restructuring plan for the aircraft manufacturer following a meeting of EADS directors.
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Airbus revealed new delays for its A380   superjumbo jet on Thursday, blaming a repeat of wiring   installation problems which have already pushed the program a   year behind schedule and hit future profits.
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Top managers at Airbus parent company EADS knew of delays in aircraft production when they sold their stock options in March, shortly before Airbus shares crashed on a shock announcement, a French daily alleged Tuesday.
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Airbus on Monday postponed a major announcement on job cuts planned for Tuesday, saying European nations could not agree how to share the work on the planemaker's next aircraft, the wide-body A350.Comment
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The board of Airbus parent EADS approved a restructuring plan for the troubled European aircraft maker Monday, breaking a weeklong deadlock over job cuts and future jet programs between France and Germany.Comment
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Airbus and its parent company EADS could disclose new delivery delays for the A380 superjumbo as well as a restructuring plan for the aircraft manufacturer, following a meeting Tuesday of EADS directors.
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European aerospace group EADS has postponed until next week a board meeting on the future of the Airbus A350 XWB passenger jet programme, key shareholder Lagardere said.
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Lufthansa and Emirates said Tuesday that their orders for A380 superjumbos will be delayed by up to a further year, and Airbus parent EADS was expected to reveal the full extent of production problems holding back its flagship jet program.
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Airbus, the European airliner maker caught in a five-month crisis over restructuring and cutbacks, faced a watershed on Wednesday with the announcement of the plan to make huge cost savings and reorganise the business.
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Airbus parent EADS EAD.PA announced   further delays in A380 deliveries on Thursday, but said it was   too early to gauge the delivery schedule or any financial   impact from the latest setbacks to the superjumbo.
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European aircraft maker Airbus is  expected to announce further delays in the deliveries of its  A380 superjumbo planes in the next few days, French newspaper  Les Echos reported on Wednesday without citing sources.
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The board of Airbus parent EADS approved a restructuring plan for the troubled European aircraft maker Monday, breaking a weeklong deadlock over job cuts and future jet programs between France and Germany.
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European aerospace group EADS admitted that its Airbus A380 superjumbo was set for further delays, and a newspaper report said huge cost cuts and a production switch out of the eurozone were being considered.
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European aerospace group Airbus and its parent EADS have said that they had suspended work on a long-awaited restructuring plan for Airbus, due to be unveiled on Tuesday, citing strains over national interests.
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New delays expected for the A380 superjumbo airliner are a blow to Airbus after a production crisis three months ago but are unlikely to cause customers to cancel orders.