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Still more Airbus woes (1)
Airbus Warns of Another Delay In Delivering A380 Jumbo Jets
More Trouble With Wiring Will Reduce Shipments To Nine From 20 Next Year By DANIEL MICHAELS June 14, 2006;*Page*A12 PARIS -- European plane maker Airbus said new production delays would reduce the number of A380 jumbo jets it can deliver to customers through 2009, in the latest setback to the manufacturer's plans for the world's largest passenger jet. The two-deck A380 is already six months behind schedule for its first deliveries, now set for the end of this year. European Aeronautic Defence & Space Co., which owns 80% of Airbus, said in a separate statement yesterday that the new delay of six to seven months wouldn't hurt profit this year. But the company said it expects ¤500 million, or about $630 million, less in earnings before interest and taxes, or Ebit, from the A380 between 2007 and 2010 than it had projected because of the delays. EADS had never published an earnings target for these years. For this year, the company has predicted overall Ebit of ¤3.2 billion to ¤3.4 billion. Britain's BAE Systems PLC owns 20% of Airbus and is in talks to sell its stake to EADS. In its statement, Airbus said the new delays result from the same problem that delayed the A380 in 2005: difficulties customizing the aircraft and installing complex wiring. The company added that the A380 is on track for certification this year and that Singapore Airlines will receive the first A380 by year end. Airbus said the plane is performing well in flight tests. Instead of delivering more than 20 A380s next year, Airbus now expects to deliver only nine. In 2008, Airbus expects to deliver as many as nine fewer planes than originally planned and five fewer than planned in 2009. Airbus said it is working to make up the shortfall. The company faces penalty payments to customers for the delays, which are spelled out in purchase contracts but confidential. Chief Operation Officer John Leahy said that no customers canceled orders after being informed of the new delays. Mr. Leahy said that the customers had been hurt financially by the disruption of plans but that "they understand the complexities." Mr. Leahy added that although the plane itself is performing well, "the first year of production is woefully inadequate from an airline perspective." The fresh delays come as Airbus faces possible limits to the plane's operations because of the amount of turbulence it causes as it flies. Singapore Airlines, Emirates Airlines of Dubai and Qantas Airways of Australia are due to receive the first A380s this year and next. Mr. Leahy said they will all get planes but fewer than planned, and deliveries to other airlines will be shifted around. Write to Daniel Michaels at |
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Still more Airbus woes (1)
John,
I trust you have negotiated the copyright for these regular Wall Street Journal publications you make here? -- Thomas Borchert (EDDH) |
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Still more Airbus woes (1)
"Thomas Borchert" wrote in message
I trust you have negotiated the copyright for these regular Wall Street Journal publications you make here? Will they prosecute a psuedonym? D. |
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Still more Airbus woes (1)
In article
, "Capt.Doug" wrote: "Thomas Borchert" wrote in message I trust you have negotiated the copyright for these regular Wall Street Journal publications you make here? Will they prosecute a psuedonym? When you go to the website and select a story/webpage, you have two options... PRINT or EMAIL. I choose EMAIL. You all get to see it, you don't have to click on a link, you don't have to register, you don't have to turn cookies on. They provide the option, I select the distribution method. |
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Still more Airbus woes (1)
Thank you.
john smith wrote: In article , "Capt.Doug" wrote: "Thomas Borchert" wrote in message I trust you have negotiated the copyright for these regular Wall Street Journal publications you make here? Will they prosecute a psuedonym? When you go to the website and select a story/webpage, you have two options... PRINT or EMAIL. I choose EMAIL. You all get to see it, you don't have to click on a link, you don't have to register, you don't have to turn cookies on. They provide the option, I select the distribution method. |
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Still more Airbus woes (1)
"john smith" wrote in message ... In article , "Capt.Doug" wrote: "Thomas Borchert" wrote in message I trust you have negotiated the copyright for these regular Wall Street Journal publications you make here? Will they prosecute a psuedonym? When you go to the website and select a story/webpage, you have two options... PRINT or EMAIL. I choose EMAIL. You all get to see it, you don't have to click on a link, you don't have to register, you don't have to turn cookies on. They provide the option, I select the distribution method What is the email address of this Usenet newsgroup? |
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Still more Airbus woes (1)
In article gEJkg.47078$iF6.12987@pd7tw2no, "Private"
wrote: When you go to the website and select a story/webpage, you have two options... PRINT or EMAIL. I choose EMAIL. You all get to see it, you don't have to click on a link, you don't have to register, you don't have to turn cookies on. They provide the option, I select the distribution method What is the email address of this Usenet newsgroup? many outlook users (for example) wouldn't understand the distinction. -- Bob Noel Looking for a sig the lawyers will hate |
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