Tue, Jul 25, 2006
Executives with European planemaker
Airbus say it's true... there were some serious problems with the
aft fuselage of the superjumbo A380... airframe issues that
The German magazine Der Speigel has obtained internal Airbus
documents that show, as far back as March, concerns about
structural weakness near the tail of the massive aircraft. The
resulting fixes drove the whalejet's weight up... forcing Airbus to
spend money to compensate... and forcing the company to delay the
commercial rollout of the A380 for at least six months.
That, in turn, caused a huge sell-off of parent company EADS
stock... driving the company's value down by about 25-percent.
Still... after a major management shake-up... it seems as if
customers are making their way back into the Airbus fold.
At last week's Farnborough Air Show near London... Airbus beat
Boeing better than 2-to-1 on new orders for commercial
Boeing is still expected to retake the lead in sales by the end
of the year... but even Boeing's CEO says Airbus will emerge from
this rough patch a stronger, more capable company.
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