Airlines shudder at new delay for Airbus superjumbo
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MELBOURNE/PARIS  - The world's airlines were forced to review growth plans on Wednesday after Airbus revealed more delays to its troubled A380 superjumbo, while the jetmaker's parent EADS  faced a threat to its key credit rating.
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The view from the Airbus cockpit turned darker when its managers said the European plane-maker might take 15 years to catch up with Boeing and that the A350 project might be suspended.
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A much-vaunted plan to revive the fortunes of the struggling European aircraft manufacturer Airbus, unveiled four months ago in response to damaging production delays, is taking its time getting off the ground.
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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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Passengers are warned of possible delays at Luton Airport after an incident involving a private aircraft.
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Airlines hoping to begin flying the world's largest passenger aircraft will have to wait at least another year after the plane's European maker announced yesterday a third major delay in delivering the super-jumbo jet.
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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.
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Airbus said Monday it postponed a news conference at which it had been expected to announce its long-awaited restructuring strategy.
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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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Airbus revealed new delays for its   troubled A380 superjumbo on Thursday, blaming a repeat of   wiring installation problems which have already pushed the jet   programme a year behind schedule and sliced into future   profits.
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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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Airbus may have to announce more delays to production of its A380 superjumbo, the boss of BAE Systems says.
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Airbus parent EADS  on Monday postponed a major restructuring announcement planned for Tuesday, saying its European political backers could not agree on how to share out construction of its future A350 aircraft.
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The move largely overshadowed news of the initial passenger flight for the worldÂs largest commercial aircraft.
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MELBOURNE/PARIS  - 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 announced more delays to its A380 superjumbo.
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Wiring woes continue The wiring problems which earlier this year forced Airbus parent company EADS to delay delivery of its A380 by six months continue to plague the roll-out programme.â¦
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The European aerospace giant EADS is facing new problems with its A400M military transport plane which could delay its maiden flight expected in July, a Germany weekly reported.