EADS directors could announce new A380 delays: source
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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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The new chief executive of European airliner manufacturer Airbus is set to present a vast restructuring plan for the group to the board of parent company EADS, union sources told AFP.
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European aerospace giant EADS warns  that the A380 superjumbo project is running heavily over budget.
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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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Speculation is rife in the French press about the future shape of the management at aerospace giant EADS, ahead of a possible decision at a July 16 Franco-German summit to simplify its structure.
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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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Aerospace group EADS has told its European works council that no definitive decisions have been taken yet on the troubled Airbus A380 superjumbo and mid-size A350 projects.
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BERLIN/STUTTGART/FRANKFURT  - DaimlerChrysler  could announce the transfer of shares in European aerospace group EADS   to a financial consortium as soon as Friday, industry sources said.
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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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Airbus may have to announce more delays to production of its A380 superjumbo, the boss of BAE Systems says.
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The board of directors at European aeropsace group EADS was to convene again Tuesday to discuss delivery delays plaguing the Airbus A380 superjumbo as well as a proposed restructuring of the aircraft manufacturer, a source close to the matter said.
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Airbus may delay delivery of its A380 airliner by more than a year amid rising production costs.
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European aerospace giant EADS has warned that the A380 superjumbo project, run by its Airbus division, is running heavily over budget.
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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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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 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 head of Airbus is not ruling out abandoning the Airbus A350 XWB project, a redesigned version of the planemaker's slow-selling mid-sized plane, because of the delays in the A380 superjumbo, the Financial Times reported.