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| Airbus confirms more A380 delays | Airbus confirms more A380 delays |
| (40 minutes later) | |
| The parent company of European planemaker Airbus has confirmed there will be a further delay in deliveries of its flagship A380 super-jumbo. | The parent company of European planemaker Airbus has confirmed there will be a further delay in deliveries of its flagship A380 super-jumbo. |
| EADS did not give any cost or timeframe for the hold-up which is again linked to wiring problems, the cause of an earlier delay announced in June. | EADS did not give any cost or timeframe for the hold-up which is again linked to wiring problems, the cause of an earlier delay announced in June. |
| The firm said it would provide more details in four weeks after it had completed a review of the programme. | The firm said it would provide more details in four weeks after it had completed a review of the programme. |
| In Paris, EADS shares were down 1.7% in morning trade. | |
| "Although the company's assessment is still under way, continuing industrialisation challenges with the wiring of production aircraft have been identified and are being tackled," an EADS press statement said. | "Although the company's assessment is still under way, continuing industrialisation challenges with the wiring of production aircraft have been identified and are being tackled," an EADS press statement said. |
| It said Airbus was working on an action plan and a solid delivery schedule that will be outlined in four weeks' time. | It said Airbus was working on an action plan and a solid delivery schedule that will be outlined in four weeks' time. |
| A380 ORDERS SO FAR Emirates: 43 aircraftLufthansa: 15Qantas: 12Air France: 10Singapore Airlines: 10Fedex: 10International Lease Finance: 10UPS: 10Thai Airways: 6Virgin Atlantic: 6Korean Air Lines: 5Etihad Airways: 4Qatar Airways: 2China Southern Airlines: 5Kingfisher Airlines: 5Malaysia Airlines: 6 Source: Airbus href="http://newsvote.bbc.co.uk/2/shared/fds/hi/business/market_data/shares/1/15130/intraday.stm" class="">See EADS share price | |
| The planemaker has sold 159 of the $250m jets to 16 airlines including Emirates, Virgin, Air France and Qantas, many of whom are likely to demand penalties for late delivery of the aircraft. | |
| BAE pulls out | BAE pulls out |
| EADS issued the latest statement after a report in the French press which claimed that an announcement on more delays was imminent. | EADS issued the latest statement after a report in the French press which claimed that an announcement on more delays was imminent. |
| Last week the head of BAE Systems, which is selling its 20% stake in Airbus, warned of the risk of further production hold-ups. | Last week the head of BAE Systems, which is selling its 20% stake in Airbus, warned of the risk of further production hold-ups. |
| In June, Airbus announced a six-month delay in A380 deliveries due to problems with the aircraft's wiring. | In June, Airbus announced a six-month delay in A380 deliveries due to problems with the aircraft's wiring. |
| The delays sparked a crisis which claimed the scalps of two top executives at Airbus and EADS. | The delays sparked a crisis which claimed the scalps of two top executives at Airbus and EADS. |
| The A380, which has cost 12bn euros ($14bn; £8bn) to develop, will be the world's largest airliner - able to seat more than 800 passengers. | The A380, which has cost 12bn euros ($14bn; £8bn) to develop, will be the world's largest airliner - able to seat more than 800 passengers. |