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What's wrong at Airbus? Will the A380 sink the ship?
they were IT folks who had nothing to do with the A380 design, but worked on projects to support its roll out to customers.
“It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”
Sorry but your basic premise, that military contracts are some how a subsidy, is flat wrong. Anyone can compete for those contracts just like a civilian contract. There is no subsidy.
So you think Mig would be permitted to compete (fairly) for a contract for USAF fighters?
So you think Mig would be permitted to compete (fairly) for a contract for USAF fighters?
And how does this apply with respect to Airbus????
“It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”
Am I the only person that thinks that cheap small planes for everyone is a really bad idea?
"The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists."
-Joan Robinson
"The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "
The first cancellation for the A380. About $3 billion in business. Rather huge deal. Puts into question the A380 freight variant. Only 15 orders remain for the freight version.
FedEx is Airbus's largest widebody customer.
FedEx cancels order for 10 Airbus A380s UPDATE
11.07.2006, 12:46 PM
LONDON (AFX) - US freight giant FedEx on Tuesday became the first airline to cancel its order for Airbus's troubled A380 superjumbo, announcing an order instead for 15 new Boeing 777 Freighters.
FedEx Express, part of FedEx Corp, said it had pulled out of an order for 10 freighter versions of the European superjumbo, citing Airbus' announcement about significant delays in delivery of the aircraft.
Instead, FedEx Express said it was buying 15 Boeing 777 Freighter planes with options to purchase another 15.
Airbus, which is owned by European aerospace group EADS, said it regretted the decision by FedEx, but said it was still confident in the future of the freight version of the superjumbo.
FedEx' decision marks the clearest sign yet of customer displeasure over Airbus's failure to stay on schedule for the launch of its much-vaunted new plane.
The A380 is facing delivery delays of up to two years because of production problems. Airbus said Monday it will cut its supplier and contractor base from 3,000 to 500 to cut costs and get the programme back on track.
Middle Eastern airline Emirates said last month it was sending a team of technicians to Toulouse to assess the accuracy of promised delivery dates for the A380.
Sir Richard Branson's Virgin Atlantic Airways said last week it would defer the delivery of the first of its six A380s until 2013.
However, Australian carrier Qantas Airways said late last month that it is going ahead with planned orders for eight more A380s despite the delays.
FedEx Corp chief executive Frederick Smith said the company had made 'significant investments in our network' to meet rapidly growing demand for air cargo.
'Therefore, it was necessary and prudent for us to acquire the Boeing 777 Freighter,' he said in a statement.
'The availability and delivery timing of this aircraft, coupled with its attractive payload range and economics, make this choice the best decision for FedEx, its customers, shareowners and employees.'
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891
"The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891
"The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "
And the other shoe drops, 3 months later. UPS cancels its A380 freighter contract. Airbus suspends work on its freighter program. Lays off 10,000.
From the WSJ...
UPS to Cancel Airbus Order
By MIKE BARRIS
March 2, 2007 9:48 a.m.
United Parcel Service Inc. said Friday it will cancel an order for 10 Airbus A380 freighter aircraft because it is "no longer confident" that the plane-maker can deliver the planes on schedule.
UPS is the last remaining customer for the freighter version of Airbus's A380 plane. FedEx Corp. and International Lease Finance Corp., a unit of American International Group Inc., canceled their orders last year amid repeated delays to the superjumbo's construction schedule.
Airbus said Thursday it had frozen work on the A380 freighter program and will use the spare capacity for delayed passenger versions of the plane. Michael Hauger, a spokesman for Airbus parent European Aeronautic Defence & Space Co. had told Dow Jones Newswires that Airbus was still committed to a freighter version of the plane, but the schedule had been delayed.
Last week, Airbus and UPS announced a revised delivery schedule for the 10 freighter aircraft, postponing the delivery of them to UPS. Under the new schedule, UPS would take delivery of 10 of the freighter version of the Airbus A380 aircraft between 2012 and 2013, according to a Securities and Exchange Commission filing Thursday.
UPS was originally scheduled to take its first delivery of the A380 freighter in 2009, but last fall Airbus told the package delivery company that the earliest it could get the aircraft was 2010.
"Based on our previous discussions, we had felt that 2012 was a reasonable estimate of when Airbus could supply this plane," UPS President and Chief Operating Officer David Abney said in a release Friday. "We no longer are confident that Airbus can adhere to that schedule."
"UPS had intended to complete an internal study of whether it could wait until 2012 for the aircraft, but now understands Airbus is diverting employees from the A380 freighter program to work on the passenger version of the plane," Mr. Abney added.
In its release, UPS said the "final cancellation decision will be formally presented to Airbus on the first date specified under an agreement reached last week that gives either party the right to terminate the order."
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891
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