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Airbus hikes A380 break-even mark | Airbus hikes A380 break-even mark |
(10 minutes later) | |
European aircraft maker Airbus has raised the number of A380 superjumbos it needs to sell to make a profit on the project. | European aircraft maker Airbus has raised the number of A380 superjumbos it needs to sell to make a profit on the project. |
The A380 programme has been beset by huge cost over-runs and long delays. | The A380 programme has been beset by huge cost over-runs and long delays. |
The firm's parent company EADS now says it needs to sell 420 A380s to break even, up from a previous estimate of 270 aircraft. | The firm's parent company EADS now says it needs to sell 420 A380s to break even, up from a previous estimate of 270 aircraft. |
To date, Airbus has sold 159 A380s and the first plane is now due in October 2007 - two years behind schedule. | |
Long-term hopes | |
The aircraft's biggest customer, Emirates, recently said it was considering its options in light of the delays. | |
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 | |
But in a presentation to analysts and investors, EADS chief financial officer Andreas Sperl said that the planemaker still expected to sell more than 750 of its new planes over the long term. | |
The presentation came as speculation built about who would be named as the new managing director at Airbus. | |
Louis Gallois was appointed chief executive last week after the resignation of Christian Streiff. | |
His number two has been tipped to be Fabrice Bregier - head of EADS helicopter unit, Eurocopter. |