Airbus Problems Hurt EADS Profits | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 07.29.14/Oshkosh Day 2! ** HD iPad-Friendly Version--Airborne 07.29.14/Oshkosh Day 2 **
** Airborne 07.28.14/Oshkosh Day 1! ** HD iPad-Friendly Version--Airborne 07.28.14/Oshkosh Day 1 **

Thu, Nov 09, 2006

Airbus Problems Hurt EADS Profits

Loses $245 Million In Quarter

A major European aerospace company saw a lot of red in the third quarter of this year. The European Aeronautic Defense and Space company, or EADS, reported Wednesday it lost hundreds of millions in the third quarter, due to problems at its Airbus subsidiary.

EADS reports it lost $245 million in Q3... compared to a profit of $355 million for the same period a year ago.

What's the difference? Well, a year ago the A380 superjumbo program was still on track for deliveries to begin right about now. The planemaker's midsized A350 was also expected to enter service in 2010... but that was then, and this is now.

The A380 is now delayed an additional 11 months. The A350 program is also in limbo, awaiting final approval for a costly redesign that, even in the best-case scenario, will give its Boeing 787 competition an almost five-year head start in the marketplace.

Analysts fear bad news for the A380 will also mean less funds available for its smaller cousin... pushing that date out even further.

Airbus is expected to announce its plans for the A350 over the next few weeks. It isn't a stretch to say the board at EADS will be VERY interested to see what they have to say.

FMI: www.eads.com, www.airbus.com

Advertisement

More News

Airborne 07.25.14: Global Flight Tragedy, Blue Angel Update, GA's Next Big Thing

Also: Eve Of Oshkosh, WomenVenture, Garmin Flight Stream, AEA Pilot's Guide The father-son duo of Babar Suleman and 17-year-old Haris Suleman of Plainfield Indiana had planned thei>[...]

IMC CLubs Leads The Way To OSH14 Special Event Coverage

IMC Clubs: Building Instrument Proficiency Through Community When it comes to flying, there is no substitute for proficiency and training. And maybe nowhere is that more important >[...]

Electrifying OSH2014 Sponsor: Concorde Batteries

Concorde Charges Up Our Oshkosh 2014 Coverage! Concorde Battery Corporation has been in the battery manufacturing business for over 30 years and is the world leader in Valve Regula>[...]

Innovative OSH14 Sponsor, iFlightPlanner, Provides Expert Guidance

What is iFlightPlanner? iFlightPlanner is general aviation’s most comprehensive suite of easy-to-use flight planning tools for private and corporate pilots. Featuring iFlight>[...]

OSH2014 Sponsor: Eclipse Aerospace -- In Full Production!

The Eclipse 550: Economical. Efficient. Incredible. The Eclipse 550 not only has the lowest acquisition cost of any twin-engine jet on the planet, it also has the lowest operating >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC