10/03/2006

Airbus delays delivery of the A380 AGAIN. Were this a private company it would have to fold, but it isn't. This is a socialist country wet dream; they can lose money forever and the tax payers will sit still for it. A private company would be sued by their stockholders, their stock price would hover around $10, and they'd be on their fourth CEO by now. Business Week:

French financial daily La Tribune reported that EADS also plans to announce drastic production changes that would see the closure of A380 cabin-fitting, paint shop and delivery centers in Hamburg, Germany, and the transfer of their workloads to Airbus headquarters in Toulouse, France -- saving on transportation time and costs.

Order cancellations are in the works. All of this is great news for Boeing. BUT because the plane is being "built" in all these countries which have also ordered it, it looks like the customers are stuck.

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