Airbus A380 "Superjumbo"
Airbus A380 "Superjumbo"
THE weak dollar is not threatening the survival of European plane maker Airbus, employees at the company have assured the public.
SENIOR managers at Airbus's parent company, EADS, knew of delays in aircraft production when they sold their stock options in March 2006, shortly before the firm's shares crashed, it was reported yesterday.
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WHIRLPOOL tubs, two dining areas, a bedroom measuring more than 600 square feet and a games room - welcome to the world's biggest and most luxurious jet, a snip at £225 million.
FROM the original iPod to the giant double-decker Airbus A380, 25 of the world's best-known designers singled out their favourite designs of the last quarter-century.
AIRBUS has recorded its first full-year loss after plunging more than 1.7 billion (£1.1bn) into the red over the last three months of 2006, and parent group EADS added to the bleak outlook for the struggling planemaker by cautioning that it faced another "substantial loss" this year. Louis Gallois, co-chief executive, blamed the spiralling costs of the A380 superjumbo programme.
AIRBUS is cutting 10,000 jobs over four years at its 16 European sites - including 1,600 in the UK - and plans to sell or find partners for six factories in an attempt to end a financial crisis sparked by delays in the A380 superjumbo.
Malaysian airline AirAsia has signed an order for 50 Airbus A320 jets, the European aircraft maker said yesterday.
FEDERAL Express yesterday cancelled its order for Airbus aircraft, and switched its order to rival Boeing instead, heaping more misery on the troubled European aircraft maker.
VIRGIN Atlantic, the UK airline owned by Sir Richard Branson, is to defer its order for the new Airbus A380 by four years.
IT'S the $64,000 question - or the $1.65 billion question in the case of Google's swoop on video sharing website YouTube. Exactly how do you make the internet pay?
AIRBUS is now staring at the possibility of major job losses, after Louis Gallois, the new chief executive of the EADS-owned plane-maker, gave warning that "painful" cuts were on the horizon and said France and Germany would have to share the brunt of the losses.
ROLLS-Royce has suspended production of engines for the Airbus A380 for about 12 months because of delays in the superjumbo project.
VIRGIN Atlantic yesterday said fresh delays to deliveries of the Airbus A380 superjumbo had "serious implications", adding that it would review its options next week.
THE sales battle between European plane-maker Airbus and its US rival Boeing is likely to dominate this week's Farnborough Airshow. Airbus, whose aircraft wings are made in the UK, has been in disarray of late, having seen a slump in orders. In contrast, the Seattle-based Boeing has enjoyed a good year for orders and will be trumpeting the success of its new 787 Dreamliner.
AIRBUS, the maker of the delayed A380 super-jumbo, was plunged into further crisis at the weekend as it emerged that the Toulouse-based company had been approached for compensation by some of its customers.
AIRBUS has secured a £1.8 billion deal with China Southern Airlines to supply 50 of its A320 passenger jets.
KPMG has been appointed to investigate the health and finances of Airbus after it emerged last week that BAE Systems was dissatisfied with a £1.9bn valuation of its 20% stake in the aircraft maker.
THE fall-out from Airbus's recent revaluation continued yesterday when BAE Systems said it planned to carry out a full audit of the troubled aircraft maker before making a final decision on whether to sell its 20 per cent stake for £1.9 billion.
Airbus, plunged into crisis by delays in delivering its A380 superjumbo, has raised list prices for all its models - but a spokesman said the increases had nothing to do with the delays.
CUSTOMERS for the new Airbus A380 superjumbo today faced fresh delays in a move that is likely to slash next year's planned deliveries by almost two-thirds.