Seeping wounds

The crisis facing the European aircraft manufacturer Airbus has been deepening this month, practically on a daily basis.

  • E-Mail
By  Barbara Cockburn Published  October 19, 2006

|~||~||~|The crisis facing the European aircraft manufacturer Airbus has been deepening this month, practically on a daily basis. Stories about the beleagured firm had begun to seep out one by one over the last month after it announced still further delays to the A380 superjumbo. One industry expert told Aviation Business: “The PR machine should have released all the news in one go instead of releasing news day to day.” Airbus appointed Louis Gallois, the third CEO since July 2005, after Christian Strieff who held the post for a grand total of 100-days. There have been widely publicised problems with the wiring on the A380, then reports that the A350 had to be restructured, further delaying it by two years. Then the world’s press has been saying that Emirates and other heavyweights look set to cancel their orders. But Emirates, the largest airline in the Middle East, is said to have shelved plans to convert a $4.2 billion order with Airbus for the A340-600 to the A380 after delivery delays of the superjumbo and the wiring problems. Emirates’ president Tim Clark, in an interview with a news source, said that the A380 programme “really has to sort itself out”. He said: “There's no point to say we're going to substitute with the 380s when the 380s are delayed two years." But many industry experts are doubtful that wiring problems are the real issue. One told Aviation Business that these problems are easily fixed. Is Airbus hiding behind a bigger problem? It’s political, say some in the industry as parent company EADS re-shuffles “to correct the problems” that have delayed its A380 super jumbo jet. Whatever the issues, the delay will no doubt slow down the firm’s growth. The world’s economies are watching the fortunes of Airbus closely because a lot is hanging on the A380 – airports around the world are undergoing huge and costly expansion plans to accommodate it. And so we await the next instalment of the Airbus saga. ||**||

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code