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 government has delayed by at least a month a plan to reduce congestion at the nation's airports after stiff resistance from airlines.
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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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European planemaker Airbus is hit by further reports that it could announce another delay in production of the A380.
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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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The parent company of Airbus said its troubled A380 would face more delivery delays while it tackles wiring Âchallenges.Â
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Boeing Co  is set to announce a further delay to its 787 Dreamliner, a source familiar with the situation said on Tuesday, threatening to push deliveries of the new, hot-selling plane even further back and increasing the risk of costly penalty payments to airlines.
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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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European aircraft manufacturer Airbus has delayed a major announcement on restructuring to pull out of a financial crisis, citing strains over national interests.
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PARIS/MELBOURNE  - 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 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 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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Airlines hoping to begin flying the world's largest passenger aircraft will have to wait at least another year after the plane's European maker announced yesterday a third major delay in delivering the super-jumbo jet.
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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 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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The Airbus A380, the world's largest commercial airliner, took its first passengers aloft on a test flight, as the company announced a fresh management shakeup to grapple with delays plaguing the superjumbo.
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European aircraft maker Airbus is likely to announce further delays to its A380 superjumbo because of production problems with cabling, company sources said.