Co-CEO's Tom Enders, right, and Louis Gallois, standing,
prepare for the start of the annual shareholders meeting of
EADS, the parent of Airbus, in Amsterdam, Netherlands,
Friday, May 4, 2007. (AP Photo/Peter Dejong)
If you want on or off my aerospace ping list, please contact me by Freep mail.
And delivered how many?
A380=pure Eurotrash.
If Boeing doesn't screw the 787 up, she's probably right. Boeing is just so far ahead of Airbus right now on their widebody replacements (787 vs. A350-variation-of-the-week).
Airbus tried to guess the market, and they guessed wrong.
}:-)4
the socialist capitalism model at its finest, just like what mrs. clinton wants to do with the energy companies in this country when she is elected in 2008.
In an apparent effort to soothe worker anger, Airbus France said separately Friday that it had proposed a 2.5 percent salary increase and a €500 (US$680) bonus for all employees after a meeting with labor leaders.
Airbus employs 22,000 people in France, but 4,300 of those jobs are slated to be cut.
Shareholders approved a €0.12 (US$0.16) dividend at the meeting, down from €0.65 last year, and a motion allowing the company to issue new shares if need be.
But “we feel a capital increase is not necessary at this time,” Lagardere said. “We feel it’s the worst way” to raise money.
Shares in EADS, which is to publish first-quarter earnings next week, rose 0.5 percent to close at €23.27 ($31.61) in Paris.
Betcha the “break even point” is more than they’re ever going to sell.
Wait, then that’s a loss isn’t it?
Trying to make politics and socialism triumpth over the reality of the market just ain’t gonna work Ms. Royal avec fromage.
Its probably more like 2,ooo!
Now they may never even recover their development costs.
What is far worse for Airbus is that while they have been trying to fix the problems on the A380 they haven't been working on an answer to Boeing's 787, and Boeing doesn't appear to be slowing down to let Airbus catch up.
The future is looking pretty bright for Boeing as long as they can keep up the pace and deliver solid products with continued innovation.
They’ll break even on the 380 eventually, but by then they’ll be in the same hole with yet another albatross.
It’s probably more like 1,000+.
They would have to sell as many 380’s as Boeing has sold 737’s to even approach breakeven and that’s not including all of those generous gifts, oops I mean loans from the generous French and German taxpayers.
And still, I want to see one article that appropriately addresses the wake turbulence issue. Of all of the 380’s failings, and there are many, overweight, wiring doesn’t match up, limited airport access, this is by far the most serious. It means that space between 380’s and all other traffic has to be double the space between a 747 and other traffic. This has to lead to worldwide disruption of air traffic patterns when more than a few of these planes are flying. And yet, everyone is silent on the issue.
The Toulouse Goose is Cooked!
Doesn’t matter if its 420, 500 or 600.. they won’t sell 420 of these monstrosity... If they move 250 of them total I’ll be amazed.
Meanwhile, SFO continues its fool’s errand of taking its worst-in-the-whole-world baggage handling system, and making it into even more of a cluster_____ in anticipation of 380s flown by Asian carriers. I do not relish the inevitable pain these are going to cause. To boot, our envirowackos nixed the plan to build a new more separated twin runway so now, when one of these whales lands, it will cause a stack up. Neat, eh?
Of course, Airbus doesn’t have to repay ANY of their A380 loans unless it turns a profit, from what I understand.
In other words, Airbus gambled on the A380 and won’t have to pay a price for their failure, because they’ll never have to pay those loans back.
