Tue, Oct 24, 2006
Blames A380 Troubles On Past Management
There's no other way to say it: Airbus is sorry for all the
heartache its caused to airlines and investors alike this year.
Speaking at a European aerospace convention earlier this month,
EADS chief executive Tom Enders admitted ongoing problems with the
Airbus A380 program are having a ripple effect on the international
aerospace manufacturing industry as a whole... and that both the
planemaker and its Franco-German parent company are doing all they
can to right what many see as an increasing listing corporate
ship.
In a separate media briefing, Enders added problems with the
A380 are not reflective of underlying problems with EADS, or
Airbus... but are instead the result of management failures made
years ago. Those managers have since been tossed to the curb.
While it's likely those changes may mean better fortunes for the
European aerospace consortium down the line, it's hard to ignore
that for this year, Boeing has soundly trounced Airbus in all
sectors for new plane orders.
According to Flight International, Boeing has sold far more
widebody planes this year than its European rival, a direct result
of the A380's woes, as well as a costly redesign of the upcoming
A350... but even Airbus' perennial bestselling A320 family of
narrowbody planes has been thoroughly beaten by Boeing's older 737
series so far this year.
It's clear that Airbus has a lot of ground to cover, if it hopes
to retain the sales order crown in 2006.
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