Airbus A380 Busts Development Budget | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.29.24

Airborne-NextGen-04.30.24

Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

Sun, Dec 19, 2004

Airbus A380 Busts Development Budget

Costs of developing the new super-jumbo jet near 20% higher than original estimates

The project to design and fly the largest airliner in the civil aviation world has so far gone over budget. EADS' A380 program has so far cost $1.9 billion over the original estimate of $10.7 billion, said Rainer Hertrich, co-chairman of EADS.

At a meeting of business journalists in Munich, the company made the announcement. Hertrich admitted that the cost overruns were "indeed hefty." The overruns are not, however, expected to affect the aircraft's profitability.

The additional costs are resulting from having to spend additional time to bring the aircraft's weight in line with original estimates, and with the work required to keep the project on schedule for a March 2005 first flight.

The efforts have paid off, according to Hertrich who pointed out that the project is "completely on schedule" for a first prototype roll out on January 18, 2005.

The double-decker A380 is expected to enter service in 2006 and its order book currently stands at some 140 firm orders and options.

FMI: www.airbus.com

Advertisement

More News

ANN's Daily Aero-Term (05.01.24): Say Altitude

Say Altitude Used by ATC to ascertain an aircraft's specific altitude/flight level. When the aircraft is climbing or descending, the pilot should state the indicated altitude round>[...]

ANN's Daily Aero-Linx (05.01.24)

Aero Linx: European Air Law Association (EALA) EALA was established in 1988 with the aim to promote the study of European air law and to provide an open forum for those with an int>[...]

Classic Aero-TV: Korean War Hero Twice Reborn

From 2023 (YouTube Version): The Life, Death, Life, Death, and Life of a Glorious Warbird In 1981, business-owner Jim Tobul and his father purchased a Chance-Vought F4U Corsair. Mo>[...]

Airborne 04.29.24: EAA B-25 Rides, Textron 2024, G700 Deliveries

Also: USCG Retires MH-65 Dolphins, Irish Aviation Authority, NATCA Warns FAA, Diamond DA42 AD This summer, history enthusiasts will have a unique opportunity to experience World Wa>[...]

Airborne Affordable Flyers 05.02.24: Bobby Bailey, SPRG Report Cards, Skydive!

Also: WACO Kitchen Bails, French SportPlane Mfr to FL, Dynon-Advance Flight Systems, Innovation Preview Bobby Bailey, a bit of a fixture in sport aviation circles for his work with>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC