Airbus hits new turbulence over A380 superjumbo
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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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So this is what all the trouble was about.Airbus' A380 - the world's largest passenger plane - has had a two-year production delay.
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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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Airbus said on Wednesday that demand for  airliners is set for its biggest jump in more than 20 years and  reiterated its bullish expectations for the 555-seat A380  doubledecker due in 2006.
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Nearly 500 employees of the European aircraft manufacturer Airbus have taken off aboard the company's A380 superjumbo at the start of a series of trials to test the new plane's passenger arrangements.
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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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Airbus parent EADS  reportedly raised the specter for the first time on Thursday that the woes affecting its A380 superjumbo could endanger its A350 mid-sized airliner project, sending its shares lower again.
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LONDON: Cost overruns and political bickering will be set aside tomorrow at Airbus as the Toulouse-based planemaker unveils its mighty A380 double-decker, the biggest airliner ever built.
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TOULOUSE, France  - Aviation authorities were set on Tuesday to declare Airbus's mammoth new A380 aircraft safe for commercial flight, capping six years of development for the world's largest airliner, which has been hit by production delays.
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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 already healthy order book of Airbus in Broughton has been given a further boost with an order for A380 superjumbos from Thailand.
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Airbus said on Wednesday that demand for airliners is set for its biggest jump in more than 20 years and reiterated its bullish expectations for the 555-seat A380 doubledecker due in 2006.
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The airplane manufacturer Airbus has stopped work on the freight version of its new A380 superjumbo jet to focus more on the troubled passenger version of the aircraft, a spokesman for its parent company said. The decision came a week after United Parcel Service, the only remaining customer for the freight aircraft, postponed taking delivery of the planes and said it might cancel the order altogether.
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Airbus parent EADS said Tuesday that the flagship A380 superjumbo jet will be delayed for another year and Virgin Atlantic and Emirates &#151; the plane's biggest customer &#151; hinted that the new setbacks could lead to order cancelations.
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European aerospace giant EADS warns  that the A380 superjumbo project is running heavily over budget.
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European aircraft maker Airbus is likely to announce further delays to its A380 superjumbo because of production problems with cabling, company sources said.
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MUNICH, Germany  - Planemaker Airbus' A380  superjumbo project is running 1.45 billion euros ($1.93  billion) over budget because of work to improve the efficiency  and weight of the aircraft, the co-head of parent company EADS  said.