Posted on 06/14/2006 1:40:27 PM PDT by El Gran Salseron
PARIS - Airlines around the world punished Airbus on Wednesday for delays in the delivery of its A380 superjumbo, demanding compensation, reconsidering orders — and in one case, striking a major deal with its rival Boeing Co.
Shares in Airbus' parent company crashed and Boeing's soared as repercussions of the production problems with the world's biggest passenger plane resonated throughout the industry.
They also raised questions about the European planemaker's management and strategy, and the future of the double-decker A380. Boeing is staking its bets on a smaller, more fuel-efficient model.
(Excerpt) Read more at news.yahoo.com ...
Who has the aviation ping list?
Some other juicy tidbits from the article:
"Singapore Airlines, one of the world's top carriers and the first to buy the A380, said it was unhappy with the delays Airbus announced Tuesday. It demanded compensation and, on Wednesday, worsened the blow by announcing it would buy 20 Boeing 787-9 aircraft worth $4.52 billion and take options on another 20 planes."
"Emirates Airlines, another sought-after buyer, said it was reconsidering its order of 45 A380s. Australia's Qantas Airways said it was seeking talks with Airbus over its orders for 12 A380s and wants some of its money back. Malaysia Airlines said it was reviewing terms of its deal for six of the planes."
"But the anger fueled by Tuesday's announcement of production bottlenecks with the plane's electrical systems — the second major delay for the $300 million A380 — suggests a less rosy future for the planemaker."
"But deliveries will likely be limited to nine in 2007 instead of the 20 to 25 initially planned, Airbus said, with an additional shortfall of five to nine A380 deliveries expected in 2008 and "around five" in 2009."
In other words, the A380 is going to progressively eat more and more of EADS' resources to no end, and fewer and fewer planes will actually make it out in their promised delivery year.
Here's a hint to the airlines - if you want vaporware, buy an Airbus. If you want to have a real plane delivered on time, buy Boeing.
Couldn't happen to a better group of people, Froggy.
Schadenfreud alert.
wonder if they would be on time if they could fire the right people. Yes I ment fire.
If you want on or off my aerospace ping list, please contact me by Freep mail.
Tee Hee Hee!
And who said the Good News just couldn't last?
By the way, Toulouse (France) is pronounced "Too Loose," apropos for the Frogs.
So I guess now we'll be hearing about how the US stops all competition and doesn't allow American companies to buy foreign-built planes, and have sabotaged every French attempt to enter the marketplace...
he does
well the A380 is a DD
double decker
Load considerations on wing roots has to be enormous.
Gotta believe eventually the cracking there on this bus will destroy the project.
Here's hoping.
How about pinging the aviation list for me. Thanks.
Mike
Nine in 2007? Nine? Nine as in nine aircraft?
Bwahhhhhaaaahhhaawww
Sorry, couldn't help myself.
I am getting a bit full on popcorn these days.
HAHAHAHAHAHAHAHAHAHAHA!!!! STUPID EUROTRASH AND YOUR FLYING GARBAGE CANS!
The schadenfreude is just rolling in with every Airbus post.
Well, maybe not the one where someone cut some cables (and needs to go to jail), but the tales of mismanagement and lack of vision really kick in the schadenfreude.
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