Airbus Confirms Yet Another A380 Delay | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 04.25.16

Airborne 04.26.16

AEA2016 LIVE!!! 0830-1230ET

AEA2016 LIVE!!! 1400-1700ET

AEA2016 LIVE!!! 1100-1400ET

Airborne Hi-Def On YouTube

Airborne 04.25.16

Airborne 04.26.16

AEA2016 LIVE!!! 0830-1230ET

AEA2016 LIVE!!! 1400-1700ET

AEA2016 LIVE!!! 1100-1400ET

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on YouTube!

Thu, Sep 21, 2006

Airbus Confirms Yet Another A380 Delay

No Word Yet On Delivery Timeframe, Added Costs

The rumors are true -- for the second time in less than three months, European planemaker Airbus SAS has announced a delay for its new A380 superjumbo.

Bloomberg reports wiring issues have gotten the best of the planemaker... 300 miles of wiring to be exact. Airbus promised customers it could customize entertainment systems for each aircraft -- which adds to the complexity of building each plane, as different wiring has to be preinstalled in each plane for its specific iteration.

"I'm not surprised that the plane is once again delayed, given the complexity of the electrical-harness system," said Exane BNP Paribas analyst Olivier Esnou. "The real question is, how much more in penalties and cost overruns will Airbus have to incur?"

Airbus parent company EADS issued a statement saying it "does not confirm nor deny specific information reported by various media relating to the A380 program because the review of the program is not completed yet."

EADS did acknowledge, however, "continuing industrialization challenges with the wiring of production aircraft have been identified and are being tackled... Consequently, from what is known today, there will be further delays."

Along with the delay, EADS says it hasn't determined the financial impact of the delay... hinting at a cost increase. Also up in the air, so to speak, is how the delay will affect scheduled deliveries of the airliner to customers... deliveries that have already been delayed by at least six months.

This announcement follows a string of bad news for Airbus. As reported in Aero-News, earlier this year EADS co-CEO Noel Forgeard was replaced when he shocked the industry by selling his company stock just before news broke of an earlier delay in the A380. EADS also axed Airbus CEO Gustav Humbert.

Earlier this month, BAE Systems sold its 20-percent stake in Airbus back to EADS -- at a significantly lower price than originally quoted. At that time, company CEO Mike Turner also hinted at further delays with the A380... possibly giving BAE a reason to get out while the getting was good.

Add to the mix Airbus' sound thrashing by Boeing in this year's sales race... by a margin of four-to-one for the first half of the year -- and it looks as though Airbus may be eating humble pie for some time to come.

"Customers are certainly going to be upset by this," said Nick Fothergill, head of industrial sales and trading at Lehman Brothers "They may want more compensation. This is one of imponderables as to how much."

FMI: www.airbus.com

Advertisement

More News

ANN Announces Massive AEA-Live and Aero-TV Schedules for AEA16!

After 2 Decades of Innovative NewMedia Coverage, ANN Continues to Raise the Bar The crew at the Aero-News Network is eagerly anticipating yet another chance to showcase one of the >[...]

True Blue Power and Mid-Continent Instruments and Avionics Power AEA2016!

True Blue Power Announces Series of High-Powered USB Charging Ports, Powers Current and Next-Generation Electronic Devices True Blue Power today announced the TA202 Series High Pow>[...]

Airborne 04.26.16: Drone v Airplane-NOT!, eFusion Electric Plane, ANN@AEA-LIVE!!

Also: MU-2 AOA, AMA Responds To Senate FAA Reauthorization, ANN@AEA Live 04/27-0830ET, ANN@AEA Live 04/28-1400ET, ANN@AEA Live 04/29-1100ET A report of a drone possibly colliding w>[...]

L-3 Aviation Products Presents AEA2016 Special Event Coverage!!!

Innovative Avionics Powerhouse Showcases Latest Developments It's been a great year for L-3 Aviation Products. In less than six months,m they've finetuned some ground-breaking prod>[...]

Aspen Avionics, True Innovators, Present AEA2016 Special Event Coverage!

AEA2016 Sponsor: Always-Innovative Aspen Avionics Based in Albuquerque, New Mexico, Aspen Avionics specializes in bringing the most advanced display and sensor technology from the >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC