EADS superjumbo runs over budget
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European aerospace giant EADS warns  that the A380 superjumbo project is running heavily over budget.
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Airbus majority owner EADS gives the go-ahead for the 3-4bn euro development of a jet to rival Boeing's planned 7E7.
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Faced with &quot;significant&quot; challenges to its new military transport plane, aeronautical and defence group EADS has announced an &quot;action plan&quot; in an attempt to stick to its delivery timetable.
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Airbus landed another blow in its battle with rival aircraft maker Boeing with an order which could be worth up to $6bn (more than Â£3bn).
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The Airbus A380, the world's largest passenger jet, took to the sky with a full load of passengers for the first time Monday, and the European aircraft maker announced further management changes in the wake of costly delays to the $13 billion jet program.
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Singapore Airlines, launch customer for the Airbus A380 super jumbo, was weighing the cost of existing delays in delivery of the aircraft as its manufacturer prepared to discuss new holdups.
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The French government is seeking to take control of European aerospace giant EADS by pushing for a capital increase to finance development of the new A350 long-haul jet, German newspapers have reported.
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PARIS/MELBOURNE  - The world's airlines were forced to review growth plans and investors hammered the shares of Airbus parent EADS  on Wednesday after the European planemaker again pushed back deliveries of its A380 superjumbo.
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TOULOUSE, France  - Airbus showed off its giant A380, a double-decked behemoth that could revolutionize long-haul flying, at a lavish ceremony Tuesday with European leaders gathered for the first official look at the world's largest passenger plane. Airbus SAS is betting its newfound status as the world's leading jet maker on the "superjumbo" that has a 79.85-metre wingspan, a tail as tall as a seven-storey building and cost &#36;13 billion US to develop.
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The Airbus A380, the world's largest passenger jet, took off with a full load of passengers for the first time Monday and the European aircraft maker announced further management changes in the wake of costly delays to the 10 billion euro ($13 billion) super jumbo program.
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The cost of developing Airbus's new A380 super-jumbo will be much higher than planned, but the European Aeronautic Defence and Space Company (EADS) still hopes to meet or exceed its earnings forecasts this year.
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European aerospace group EADS has admitted that its Airbus superjumbo airliner is set for further delays, after a newspaper report said huge cost cuts and a production switch out of the eurozone were being considered.
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Airbus unveils its flagship A380 on Tuesday, the plane on which the company is betting its newfound status as the world's leading jet maker as well as the 10 billion (US$13 billion) cost of developing the ...
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PARIS -- Feuding managers at EADS had their wings clipped by the French government yesterday as a succession war threatened to engulf Europe&#39;s largest aerospace firm, distracting from new plans to challenge Boeing.
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Airbus SAS beat Boeing Co. for an order worth as much as $6.6 billion from German budget airline Air Berlin and its Austrian partner Niki.
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The Irish aircraft leasing group AWAS has ordered 75 medium-haul Airbus A320 planes, worth 5.2 billion dollars (3.5 billion euros) at catalogue prices, Airbus announced on Wednesday.
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The announcement of its new mid-sized plane will heat up rivalry between Airbus and Boeing. The board of EADS, parent company of Airbus, is on Monday expected to approve plans for the long-awaited, $4bn-launch of a new mid-sized aircraft, the A350.