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| Version 1 | Version 2 |
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| A380 delay sparks airlines' ire | A380 delay sparks airlines' ire |
| (about 2 hours later) | |
| Leading airlines are assessing their positions following confirmation of further delays to the Airbus A380. | Leading airlines are assessing their positions following confirmation of further delays to the Airbus A380. |
| Emirates, Virgin Atlantic, Singapore Airlines and Qantas - all due to buy the super-jumbo - have expressed disappointment at the fresh setback. | Emirates, Virgin Atlantic, Singapore Airlines and Qantas - all due to buy the super-jumbo - have expressed disappointment at the fresh setback. |
| The first A380 delivery has been pushed back to October 2007 but Airbus boss Christian Streiff said all its customers were "still on board". | The first A380 delivery has been pushed back to October 2007 but Airbus boss Christian Streiff said all its customers were "still on board". |
| Shares of parent group EADS fell 8% during early trading in Paris. | Shares of parent group EADS fell 8% during early trading in Paris. |
| Aviation experts said it was unlikely airlines would cancel any orders. | Aviation experts said it was unlikely airlines would cancel any orders. |
| However, they said the delays would mean Airbus having to pay out huge compensation and provide a further opening for rival Boeing. | However, they said the delays would mean Airbus having to pay out huge compensation and provide a further opening for rival Boeing. |
| EADS, which owns 80% of Airbus, said the delay would wipe an extra 2.8bn euros ($3.6bn; £1.9bn) from its profits over the next four years, on top of the 2bn euros announced in June. | EADS, which owns 80% of Airbus, said the delay would wipe an extra 2.8bn euros ($3.6bn; £1.9bn) from its profits over the next four years, on top of the 2bn euros announced in June. |
| It also announced a 2bn euros annual cost savings programme. | It also announced a 2bn euros annual cost savings programme. |
| Airbus will only deliver one A380 aircraft in 2007, having previously promised nine, resulting in mounting losses for parent firm EADS. | Airbus will only deliver one A380 aircraft in 2007, having previously promised nine, resulting in mounting losses for parent firm EADS. |
| 'Disappointment' | 'Disappointment' |
| Emirates, which has the biggest order of A380 airliners, will see its first delivery arrive 10 months late, and says it is now reviewing its options. | Emirates, which has the biggest order of A380 airliners, will see its first delivery arrive 10 months late, and says it is now reviewing its options. |
| Qantas, which will not take delivery of its first A380 until August 2008, said it was "disappointed" by the delay, the third to be announced in the last six months. | Qantas, which will not take delivery of its first A380 until August 2008, said it was "disappointed" by the delay, the third to be announced in the last six months. |
| I think this could be the tipping point... for those about to order some large aircraft JB Groh, Aviation analyst | I think this could be the tipping point... for those about to order some large aircraft JB Groh, Aviation analyst |
| The airline said it would not speculate on whether it would cancel any orders, saying it was a matter for it and Airbus. | The airline said it would not speculate on whether it would cancel any orders, saying it was a matter for it and Airbus. |
| "How are we going to mount the capacity in the short-term?" said the airline's general manager John Borghetti. | "How are we going to mount the capacity in the short-term?" said the airline's general manager John Borghetti. |
| "Where do we go from here? It is all part of the review." | "Where do we go from here? It is all part of the review." |
| Singapore Airlines, which is buying 19 A380 planes, said it was reviewing the situation while Virgin Atlantic, which said the delays had "serious implications" for its business, is doing the same. | Singapore Airlines, which is buying 19 A380 planes, said it was reviewing the situation while Virgin Atlantic, which said the delays had "serious implications" for its business, is doing the same. |
| But Airbus insisted that no airlines had yet cancelled any orders. | But Airbus insisted that no airlines had yet cancelled any orders. |
| "Everybody is still on board," Mr Streiff told the BBC. | "Everybody is still on board," Mr Streiff told the BBC. |
| "Our customers are just working with us, helping us on how to improve the schedule." | "Our customers are just working with us, helping us on how to improve the schedule." |
| Troubled history | Troubled history |
| The development of the A380 - the world's largest passenger jet - has been blighted by delays, partly linked to wiring problems. | The development of the A380 - the world's largest passenger jet - has been blighted by delays, partly linked to wiring problems. |
| The 12bn-euro project is already more than a year late. | The 12bn-euro project is already more than a year late. |
| BAE Systems is selling its 20% minority stake in the business to EADS for £1.9bn (2.7bn euros), a decision set to be ratified by shareholders on Wednesday. | |
| 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 See EADS share price Analysis: Airbus problems | 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 See EADS share price Analysis: Airbus problems |
| Airbus now aims to deliver 13 more A380 aircraft in 2008 and 25 the following year. In 2010, a further 45 of the aircraft are due to be delivered. | Airbus now aims to deliver 13 more A380 aircraft in 2008 and 25 the following year. In 2010, a further 45 of the aircraft are due to be delivered. |
| The aircraft maker has sold 159 of the $250m jets to 16 airlines, many of whom are already demanding penalties for late delivery of the aircraft. | The aircraft maker has sold 159 of the $250m jets to 16 airlines, many of whom are already demanding penalties for late delivery of the aircraft. |
| Aviation experts said it was unlikely that airlines would cancel any orders as the huge growth expected in air travel over the next 30 years made increased capacity essential. | Aviation experts said it was unlikely that airlines would cancel any orders as the huge growth expected in air travel over the next 30 years made increased capacity essential. |
| The high levels of compensation likely to be demanded by carriers meant that the finished aircraft would eventually represent good value. | The high levels of compensation likely to be demanded by carriers meant that the finished aircraft would eventually represent good value. |
| "By the time the airlines get through extracting all the penalties and concessions out of Airbus for all the delays, they are going to have the cheapest widebody in the world," said analyst Scott Hamilton. | "By the time the airlines get through extracting all the penalties and concessions out of Airbus for all the delays, they are going to have the cheapest widebody in the world," said analyst Scott Hamilton. |
| "They would be crazy to let that deal get away from them." | "They would be crazy to let that deal get away from them." |
| However, one expert said the production problems afflicting the A380 could deter prospective customers. | However, one expert said the production problems afflicting the A380 could deter prospective customers. |
| "I think this could be the tipping point," said J.B. Groh, an aviation analyst with investment bank DA Davidson. | "I think this could be the tipping point," said J.B. Groh, an aviation analyst with investment bank DA Davidson. |
| "Not necessarily for those customers that have already ordered the A380 but for those about to order some large aircraft." | "Not necessarily for those customers that have already ordered the A380 but for those about to order some large aircraft." |