UPS cancels A380 in new blow for Airbus
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PARIS/BOSTON  - Troubled Airbus suffered its second hammerblow in a week on Friday when the last cargo customer deserted the freight version of its delayed A380 superjumbo, days after the planemaker announced 10,000 job cuts.
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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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Victims of A380 debacle Airbus CEO Louis Gallois this afternoon announced 10,000 lay-offs of "overhead staff" across the company's European operations in the wake of the A380 debacle.â¦
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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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The plan to slash 10,000 jobs at European aircraft manufacturer Airbus is no longer realistic following big orders for Airbus planes, the German IG Metall labour union said on Friday.
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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 parent company of Airbus said its troubled A380 would face more delivery delays while it tackles wiring Âchallenges.Â
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European aircraft maker Airbus is close to clinching two key orders valued at three billion dollars (2.28 billion euros) from China for its new A380 plane.
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Shares in Airbus parent firm EADS fall by almost 4% after the firm shelves a freight version of its A380 plane.
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Aircraft maker Airbus said that it would transfer for a "limited period" delivery of its new super-jumbo A380 from Hamburg to Toulouse until it can resolve a legal battle over the planned extension of a test runway for the new jet in the north German port.
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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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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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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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The European aerospace group EADS warned of new delays in deliveries of its Airbus A380 superjumbo airliner, implying a second big setback for the group in three months.
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Implications for workforce 'being assessed' Rolls-Rocye has suspended production of its Trent 900 engine for a year in the wake of this week's announcement by Airbus parent company EADS that the A380 "Superjumbo" delivery schedule had been put back for a third time.â¦
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A test flight by an Airbus A380 &quot;superjumbo&quot; set to take place in Tunisia was called off in mid-flight, the company has said, without confirming if technical problems were to blame.
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The U.S. carrier scrapped 24 domestic flights today when the computers it uses to dispatch flights failed.