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Greece Takes on Europe: Historic Elections Rock Status Quo (part 2)

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Greece Takes on Europe: Historic Elections Rock Status Quo (part 1)

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Music show: Björk, Charlie Winston and Ray Lema

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What would a Syriza victory mean for Greece?

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Set, the new pro-Putin youth movement

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Airbus announces new delays in A380 delivery

Latest update : 2008-05-13

European aviation company Airbus has announced that the current A380 delivery schedule cannot be met. Airbus will be able to deliver 21 of the aircraft in 2009 instead of the 25 previously announced.

European aviation giant Airbus on Tuesday announced more delays to the delivery of its giant A380 superjumbos, saying the current schedule was not one it could meet.
   
The company would be able to deliver 12 of the aircraft in 2008 instead of the 13 previously announced, and 21 in 2009 instead of the 25 it had earlier said it could manage, said a statement.
   
A review that led to the revised schedule did not cover financial costs, said the statement from parent company and aerospace giant EADS.
   
"The extent of the additional costs will be influenced by the actual production and delivery scenario," it said.
   
The company would be discussing the new schedule with its customers in the coming months, the statement added.
   
The announcement confirms last week's report in the German business magazine Wirtschafts-Woche, which said Airbus faced more production delays on the A380 super jumbo, the world's largest passenger aircraft.
   
EADS shares fell sharply in the wake of that story.
   
The report said quality problems on components, and airline interior design requirements - which make production more complex - were causing difficulties.
 

Date created : 2008-05-13

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