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 -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 11.28.16

Airborne 11.29.16

Airborne 11.30.16

Airborne 12.01.16

Airborne 12.02.16

Airborne Hi-Def On YouTube

Airborne 11.28.16

Airborne 11.29.16

Airborne 11.30.16

Airborne 12.01.16

Airborne 12.02.16

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

Airborne 12.02.16: Stratos 714 1st Flt, TFR Politics, Airbus Job Cuts

Also: Female Skydive Record, ANN November Efforts, Dream Chaser, SecTrans Reax, FAA SAFO, Able Flight, Airline Group Grounded On November 21, the Stratos 714 very light jet took to>[...]

Aero-News: Quote of the Day (12.04.16)

“All three institutions have now sent a strong signal in favour of modernizing the Agency and the European aviation system as a whole. There is clear political will to ensure>[...]

Yingling Aviation Named Garmin Integrated Flight Deck Dealer

Wichita-Based Center Is Authorized To Sell And Install Garmin G1000 Through G5000 Avionics On Broad Range Of Business Aircraft Yingling Aviation has been named a Garmin Integrated >[...]

ANN's Daily Aero-Linx (12.04.16)

Aero Linx: The Colorado Airport Operators Association (CAOA) The Colorado Airport Operators Association (CAOA) serves the common interests of the owners, operators and users of the>[...]

ANN's Daily Aero-Term (12.04.16): Downburst

Downburst A strong downdraft which induces an outburst of damaging winds on or near the ground. Damaging winds, either straight or curved, are highly divergent. The sizes of downbu>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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