EADS sees Airbus deliveries rising 10 pct next year
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EADS, the European Aeronautic Defence and Space Company, is expecting deliveries of its Airbus aircraft maker to rise by 10 percent next year, the group's co-chairman Rainer Hertrich says.
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The European Aeronautic Defence and Space Company said that strong defence operations and increased Airbus orders had led it to lift its operating profit forecast for 2004 to more than 2.3 billion euros (3.0 billion dollars) from 2.2 billion previously.
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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 SAS, the world&#39;s biggest planemaker, expects to deliver as many as 320 aircraft this year, or 5 percent more than it forecast earlier, as demand from airlines picks up, said Chief Executive Noel Forgeard.
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LONDON Airbus predicted Wednesday that an average of 830 new passenger aircraft would be built each year for the next two decades, and that the new Airbus jumbo A380 will be so successful that Boeing will be forced to develop a competitor.
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The co-chief executive of EADS, Noel Forgeard, said he has confidence in the head of the aircraft unit Airbus, while calling for a review of top executives&#039; roles at the two entities, according to an interview to appear in La Tribune newspaper.
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US aerospace giant Boeing Co. forecast on Wednesday that airlines worldwide would take delivery of nearly 30,000 new planes in the next two decades amid surging demand for air travel.
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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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The cost of developing Airbus's new A380 super-jumbo will be much higher than planned, but the European Aeronautic Defence and Space Company (EADS) still hopes to meet or exceed its earnings forecasts this year.
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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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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 aircraft maker Airbus is  expected to announce further delays in the deliveries of its  A380 superjumbo planes in the next few days, French newspaper  Les Echos reported on Wednesday without citing 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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PARIS, Dec 10  - The European aircraft manufacturer Airbus is to launch a new plane, the A350, that will challenge the future Boeing fuel-efficient 7E7, Airbus owners EADS and BAE Systems announced Friday.
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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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Planemaker Airbus will announce on Wednesday plans to axe 10,000 jobs in four European countries, but will force contractors to share the pain of cuts which could provoke labor unrest, industry sources said.