Airbus shares of new orders shrink
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Airbus unveiled a bullish long-term forecast for global aircraft sales on Wednesday but said its share of new orders by value has shrunk to about 36 percent this year from 45 percent last year, as rival Boeing Co. grabbed more sales for mid-size and larger jets.
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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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Fitch Ratings on Friday downgraded the European aerospace giant EADS, the parent group of planemaker Airbus, due to "pressure" on its earnings margins and cash flow generation.
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The airplane manufacturer Airbus has stopped work on the freight version of its new A380 superjumbo jet to focus more on the troubled passenger version of the aircraft, a spokesman for its parent company said. The decision came a week after United Parcel Service, the only remaining customer for the freight aircraft, postponed taking delivery of the planes and said it might cancel the order altogether.
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European aerospace group EADS  now expects its Airbus unit to deliver only two or three A380 super jumbo aircraft next year, France's La Tribune newspaper reported on Wednesday as the firm's board met to consider how to put the much-delayed program back on track.
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The company talks down a recent inexplicable stock run-up.
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The Airbus superjumbo program suffered a major new setback Friday as UPS Inc. said it would cancel its order for 10 A380s, leaving the aircraft maker with an empty order book for the cargo version of its much-delayed flagship.
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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 was expected to announce significant new delays to its flagship A380 jet Tuesday after its biggest customer, Dubai-based airline Emirates, said it had received notice that its planes will be a further 10 months late.
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New delays expected for the A380 superjumbo airliner are a blow to Airbus after a production crisis three months ago but are unlikely to cause customers to cancel orders.
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European planemaker Airbus is cutting 1,600 UK jobs over the next four year as it looks to reduce costs.
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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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FRANKFURT, Sept 25 (Reuters ) - U.S. planemaker Boeing does   not expect to make order gains for its aircraft as a direct   result of delays to the A380 superjumbo being built by European   rival Airbus, a Boeing official said on Monday.
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Airbus, the European plane maker, said on Wednesday that it expected orders for new aircraft to halve to around 700 this year after a record order intake in 2007.
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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.
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Poor demand for aircraft and other transport hurts April's US factory orders, which were lower than expected.
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European aircraft maker Airbus announced 10,000 job cuts and a timetable for slashing its factory network Wednesday, in a bid to solve the crisis caused by problems with its A380 superjumbo jet.