Airbus superjumbo heads for new delays: EADS
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The European aerospace group EADS has warned of new delays in deliveries of its Airbus A380 superjumbo airliner, implying a second big setback for the group and its customers in three months.
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An escalating dispute between Airbus and jet-engine supplier General Electric Co  could delay deliveries of the European airplane maker's A350 extra wide body jet, the Wall Street Journal said on Monday.
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European aircraft manufacturer Airbus has delayed announcing details of its long-awaited rescue plan, pointing to renewed strains between Germany and France over where cuts will fall.
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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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The head of Airbus is not ruling out  abandoning the Airbus A350 XWB project, a redesigned version of  the planemaker's slow-selling mid-sized plane, because of the  delays in the A380 superjumbo, the Financial Times reported.
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Airbus parent EADS  decided on  Friday to go ahead with a new mid-sized jetliner to strike back  at Boeing  in their fight for market share and restore  pride shattered by delays to its A380 superjumbo.
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The woes affecting European planemaker Airbus seeped beyond the troubled A380 superjumbo on Thursday as doubts surfaced over two other projects and the EADS
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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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Virgin Atlantic has said that new production delays to the Airbus A380 superjumbo had &quot;serious implications&quot; for the airline's order of six planes, adding that it would review its options next week.
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Airbus said Monday that its long-awaited restructuring plan, designed to make up for costly production setbacks, has itself been delayed.Comment
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European aerospace group EADS   will unveil restructuring measures aimed at saving 2 billion  euros ($2.53 billion) a year this week after new delays in  deliveries of its A380 superjumbo, financial daily Les Echos  reported, without quoting sources.
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Airbus revealed new delays for its   troubled 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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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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MUNICH, Germany -- Major delays to Airbus' A380 superjumbo that led to a $1.01 billion fourth-quarter loss made 2006 the worst year in European plane builder EADS NV's history, the co-chief executive officer said Friday.
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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 parent EADS  decided on Friday to go ahead with a new mid-sized jetliner to strike back at Boeing  in their fight for market share and restore pride shattered by delays to its A380 superjumbo.
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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.