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 board of Airbus parent EADS  is expected on Tuesday to decide on a cost-cutting program and assess the impact of the latest delay in its A380 superjumbo plane, which one newspaper report said could now slow 2007 deliveries to just two aircraft.
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Airbus parent EADS  on Monday postponed a major announcement on job cuts planned for Tuesday, saying European nations could not agree how to share out work on its next aircraft, the wide-bodied A350.
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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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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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Airbus will launch a new commercial aircraft program by early 2006 at the latest, once development spending for the new A380 superjumbo passenger jet begins to decline, chief executive Noel Forgeard said.
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The new Airbus chief executive has presented an audit of problems at the aircraft manufacturer as well as a vast recovery plan that could mean new delays for the A380 superjumbo airliner and job cuts.
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Airbus has delayed a restructuring plan that was expected later today, saying European nations can't agree how to share work on its next aircraft, the wide-body A350.Comment
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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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Leading airlines are reviewing their options after Airbus announces further delays to its flagship A380 plane.
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Asia Pacific carriers led by launch customer Singapore Airlines are grappling with further delays in getting their Airbus A380 super jumbo planes into the air, with Korean Air vowing to seek compensation for the latest setback.
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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 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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Planemaker Airbus is expected to announce   fresh delays to its embattled A380 superjumbo in coming days, a   French media report said, adding to woes for parent firm EADS   EAD.PA whose shares were also hit by a brokerage downgrade.
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Airbus parent EADS  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   said a newspaper report that it was set to announce  fresh delays to deliveries of its A380 super jumbo was  speculation and that checks into the issue were not yet over.
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Travel: A new website is compiling a league table of delays to shame airports into action.