Log in to your IBTimes Account

close
ID
Password

Airbus announces new delays to A380



13 May 2008 @ 03:04 am EST

PARIS (AP) - Airbus on Tuesday announced new delays on deliveries of the superjumbo A380 this year and next, saying it needs more time and resources to get the planes ready.

Related Topic

Get stories by e-mail on this topic.

E-mail:

The European aircraft maker said in a statement Tuesday that it will deliver 12 planes in 2008 instead of 13, and 21 planes in 2009 instead of 25. It said deliveries for 2010 will be discussed with customers in the coming weeks.

The A380, the world's biggest passenger plane, was plagued by production delays that repeatedly pushed back the delivery of the first jet to Singapore Airlines last year.

Airbus said it will take more time to determine the financial impact of the revised delivery schedule and the extent of additional costs. The company could have to pay penalties to airline customers for any aircraft delivered later than agreed.

The company is trying to switch over from individual production of the planes to serial production. Airbus said time and resources needed for individual production were "higher than expected," causing delays to the changeover.

Airbus, which is owned by European Aeronautic Defence & Space Co., has delivered four A380s to Singapore Airlines so far, and 17 more are in various stages of production.

EADS is to release first-quarter earnings Wednesday.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Politics & Policy
The U.S. agriculture secretary expressed confidence in the nation's food safety system, but said the meat processing industry will always face challenges...
Oil prices rebounded Wednesday in Asia from a tumble of more than $5 in the previous session after Iran test-fired nine missiles, renewing fears of a con...
Heavy fighting erupted Wednesday between government supporters and Hezbollah's allies in northern Lebanon, killing at least three people and shattering a...

Advertisement
Latest Investing Research Reports

Find the most up to date research from leading investment firms to make the most informed investing decisions

Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives