Posted on 10/08/2006 6:21:19 AM PDT by Excuse_My_Bellicosity
Emirates and Virgin in new £170m compensation demands as deliveries of A380s are delayed again
Emirates, the leading launch customer for the Airbus A380 super jumbo, is demanding £150m in compensation for delays to the crisis-hit programme.
Tim Clark, president of Dubai-based airline Emirates, which has ordered 45 A380s, made the claim in talks with Airbus management last week following the announcement of a third postponement of deliveries of the world's largest passenger jet. It is also understood that Sir Richard Branson's Virgin Atlantic is claiming more than £20m in compensation for delays in its order of six A380s, while Australian carrier Qantas has announced it wants £40m.
The Virgin board meets on Thursday to discuss its options for dealing with the hold-ups, which have pushed deliveries back by two years. The alternatives under consideration are: cancelling all or some of the orders; deferring them; or switching A380s for other Airbus planes. Last week, Airbus parent EADS announced that technical problems with the wiring would now leave airlines waiting two years longer than they had planned before receiving their aircraft, adding that the problems with the programme would hit profits over the coming years by £3.25bn.
(Excerpt) Read more at observer.guardian.co.uk ...
We're seeing this on a daily basis now. This company is crashing.
There ain't enough euros in the world to pay the damages they owe.
No,it won't be allowed to crash.Europe today is *far* too arrogant to allow that to happen.
This is pure socialism in action. They create grandiose projects that nobody is really interested in instead of sticking to smaller, more economically viable things that people want to buy. Fly from NYC to any place in Europe some time. Most of the planes are twin engine, single level wide bodies, like the Boeing 767, not the real jumbos, like the 747. Build a white elephant and people will beat a path away from your door.
Maybe I shoulda ordered a couple hundred of these babies way back when. I'd be rich by now.
I wonder what the break even number is now. There's no way it's anywhere close to 250 copies.
At the rate Airbus is going, Boeing is going to be soon flooded with orders for the 777-300ER and 747-8I.
NOTE TO SELF: Unless it's Boeing, I ain't going
'swhat I was thinking. If Eric in the Ozark Airlines had ordered a few of these and they failed to deliver, how much would they owe me ?
I think I have been one of the few Airbus fans here on FR for some time. It isn't that I am supporting competition to US companies, it is that I have liked the Airbus products. I also think the "superjumbo" is a neat idea. BUT...
Airbus made promises that it couldn't keep. They were trying to beat their primary competition (read that Boeing) to having a "Mega" airliner. Of course, as Boeing doesn't have plans for a plane that big, the promises were probably rather ill-conceived.
If I recall correctly, Boeing did a strategic bait and switch, making Airbus think they were going the mega-airliner route, then after Airbus jumped into that market with both feet, and was too deep to back out, Boeing announced they had no plans for that market.
Was your post bait for the 797 crowd?
The only reason we need airbus is to make Boeing look better. I have been working at Boeing for 16 years (now on 787) and remember Airbus getting the majority of sales a few years back. Had some folks worried, especially shareholders.
I'm glad Boeing is making a comeback, my stock is doing well.
Actually - no.
I could be wrong on my recollection, but I seem to remember seeing this. I don't think I am mixing it up with the SST program.
Great link...thanks.
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