EADS shakes up management over A380 delays
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Airbus parent EADS abandoned two key  executives on Sunday and brought in a steady pair of hands in  the shape of French railways boss Louis Gallois in a bid to end  a two-week crisis over delays to its A380 superjumbo.
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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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Airbus has announced that it is replacing immediately the director of the delayed A380 superjumbo passenger aircraft programme, Charles Champion, with A320 programme chief Mario Heinen.
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European planemaker Airbus says it has put the problems associated with its A380 superjumbo behind it.
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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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By LAURENCE FROST PARIS - The Airbus A380, the world's largest passenger jet, took to the sky 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 $13 billion jet program.
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A new French executive team starts work  at Airbus parent group EADS on Monday after the European  aerospace group forced out two top executives blamed for a  two-week crisis over aircraft production blunders.
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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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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 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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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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The new chief executive of the ailing aircraft maker Airbus is set to present a vast restructuring plan for the group to the board of parent company EADS.
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Airbus faces the possibility of crippling A380 order cancellations after its parent company confirmed Thursday that the flagship superjumbo program will be delayed a third time. Emirates, the biggest A380 customer so far, said its 45-plane order was now "up in the air."
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The world's airlines were forced to review growth plans on Wednesday after Airbus parent EADS  again pushed back first delivery of its troubled A380 superjumbo.
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Airbus parent EADS EAD.PA confirmed   fresh delays to its A380 superjumbo on Thursday, but said it   was too early to say how long the third postponement in   deliveries would last or how much it would cost.
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MUNICH, Germany  - European aircraft maker Airbus   EAD.PA 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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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.