Because of electrical wiring problems with the entertainment systems, Airbus announced significant delays to the deliveries of the Airbus A380. At the same time earnings were changed for the next several quarters, into red ink. Airllines and Airbus stockholders are upset. Airbus stock plunges a quarter of its value in days. It appears the Airbus A350 development will be delayed several years too. Airbus is in a financial crisis. Will the A400 program proceed?
Please read this report.
http://news.yahoo.com/s/nm/20060616/bs_nm/transport_eads_dc_3
Please read this report.
http://news.yahoo.com/s/nm/20060616/bs_nm/transport_eads_dc_3