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Air industry reels at A380 delay

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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. (CNN — 2 hours ago)
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The fall came as banks slashed their ratings on the stock after the parent company of Airbus doubled the delay blighting the A380 jet. (International Herald Tribune — 3 hours ago)
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Air industry reels at A380 delay
Air industry reels at A380 delay

Shareholders in BAE Systems PLC on Wednesday overwhelmingly approved the sale of the company’s 20 percent stake in troubled plane maker Airbus to joint venture partner European Aeronautic Defense Space Co. NV. (International Herald Tribune — 5 hours ago)
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European Aeronautic Defense Space, the parent of Airbus, said that it would examine the conduct of its management as the company announced it would deliver only a single A380 superjumbo jet next year and warned that ongoing assembly-line problems would slash earnings by ?4.8 billion over four years. (International Herald Tribune — 6 hours ago)
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Qantas could be entitled to up to $50 million compensation fromAirbus as a result of the latest delays on delivery of the A380super-jumbo aircraft. – (The Age — 7 hours ago)
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QANTAS has been forced to review its capacity plans for the nexttwo years after Airbus postponed delivery of its A380 jumbo jet forthe third time. – (Sydney Morning Herald — 8 hours ago)
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Singapore Airlines, Australia’s Qantas Airways and Malaysia Airlines said Wednesday the latest delay in the delivery of the Airbus A380 superjumbo was disappointing and that they were assessing their options in dealing with postponement. (International Herald Tribune — 10 hours ago)
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Singapore Airlines Ltd. said Wednesday it is assessing the impact of the latest delay in the delivery of the Airbus A380 superjumbo. (International Herald Tribune — 16 hours ago)
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Qantas says it is disappointed that it will receive the first of its Airbus A380 aircraft about two years late Airbus has announced that production problems have forced it to delay deliveries by an (ABC News — 19 hours ago)
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The delays have pushed the program off by a full two years, and one major customer may trim its order. (New York Times — 19 hours ago)
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Airbus parent EADS has pushed back its troubled A380 superjumbo by another year and issued a new profit warning infuriating airlines such as Qantas and top buyer Emirates which has put its purchase (ABC News — 4 October, 2006)
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Airbus will scale back deliveries of the A380 superjumbo passenger jet for a third time and reduce costs by as much as ?2 billion by cutting jobs and shifting production. (International Herald Tribune — 2 October, 2006)
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