Airbus jet delayed
PARIS -- Airbus parent EADS said Tuesday that the flagship A380 superjumbo jet will be delayed for another year and Virgin Atlantic and Emirates -- the plane's biggest customer -- hinted that the new setbacks could lead to order cancellations.
In a statement issued after its second board meeting in four days, EADS said the latest delays will cut an extra 2.8 billion euros ( 3.6 billion) off operating profit and announced a restructuring plan to cut costs and boost productivity at Airbus.
Airbus sees "no significant signs" that cancellations are likely from any of its A380 customers, CEO Christian Streiff said during a conference call with reporters and analysts. "Until now, everybody's still on board."
But Dubai-based Emirates signaled that its bumper 45-plane order, worth over 13 billion at list prices, could be in doubt after suffering a further delay of 10 months.