Airbus rescue delayed by new Franco-German tensions
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European aircraft manufacturer Airbus delayed unveiling its long-awaited rescue plan, pointing to renewed strains between Germany and France about about where cuts will fall.
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Airbus and its parent company EADS could disclose new delivery delays for the A380 superjumbo jet as well as a restructuring plan for the aircraft manufacturer, following a meeting of EADS directors.
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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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Leading airlines are reviewing their options after Airbus announces further delays to its flagship A380 plane.
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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 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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Increasing the tension over government subsidies to Airbus and Boeing, yesterday&#39;s latest round of talks between the United States and the European Union ended in deadlock.
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French and German leaders hold  a one-day summit dominated by the future of Airbus parent EADS  on Monday, seeking to halt in-fighting blamed for their worst  recent industrial crisis.
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European planemaker Airbus says it has put the problems associated with its A380 superjumbo behind it.
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European aerospace group EADS has postponed until next week a board meeting on the future of the Airbus A350 XWB passenger jet programme, key shareholder Lagardere said.
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The European Aeronautic Defense and Space Company, or EADS, is scrambling to quell an internal squabble that could increase tensions between French and German shareholders.
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European aerospace group EADS has admitted that its Airbus superjumbo airliner is set for further delays, after a newspaper report said huge cost cuts and a production switch out of the eurozone were being considered.
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EADS is grappling with a burgeoning controversy at its aircraft unit Airbus that has exposed communications lapses and threatens to revive Franco-German friction at the heart of the European aerospace group.
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Franco-German tension at the heart of Airbus is a destructive force for the group and is at the root of many of the problems currently afflicting the European plane manufactuer, analysts say.
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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.
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European plane maker Airbus finally won approval to press ahead with a rescue plan on Monday, clearing the way for major job cuts and signalling an end to Franco-German tensions over the restructuring of the company.
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LONDON, December 7  - The standoff between the US and Europe regarding aid to Boeing and Airbus continues as the representatives of the two regions failed to sort out their differences at a meeting yesterday.