50 SKY SHADES - World aviation news

Airbus postpones deliveries of 12 A380 planes to Emirates Airline

Download: Printable PDF Date: 27 Dec 2016 13:02 category:
Publisher:
Airbus postpones deliveries of 12 A380 planes to Emirates Airline - Manufacturer publisher
Tatjana Obrazcova
Country: France Aircraft: Airplanes
Source: Reuters

Planemaker Airbus said on Tuesday it was postponing the delivery of 12 A380 planes to Emirates Airline over the next two years, and added it would step up cost cuts to minimize the impact of these delays.

Airbus, whose main rival is U.S group Boeing , said six deliveries of the A380 would be postponed from 2017 to 2018, with another six postponed from 2018 to 2019, following an agreement between Emirates [EMIRA.UL] and engine maker Rolls Royce and a consecutive deal between Airbus and Emirates.

"Airbus re-confirms the target to deliver around 12 A380s per year from 2018 as announced earlier in July 2016. Further fixed cost reduction initiatives will be accelerated so the impact on break-even in 2017 is minimal," the company said in a statement.

Emirates Airline had said in November it was having some unspecified technical issues with Rolls-Royce engines for A380 jets.

Airbus, which earlier this month announced a deal to sell 100 jets to IranAir, reported in October lower-than-expected third quarter profits, although it broadly maintained its full-year financial forecasts.

Airbus shares closed flat on Tuesday. The stock is up by around 1.5 percent since the start of 2016, underperforming a 4.6 percent rise on France's benchmark CAC-40 index.



Loading comments for Airbus postpones deliveries of 12 A380 planes to Emirates Airline...


Recommended

Sentinel-5P successfully launched to monitor world’s pollution

The Airbus built, pollution monitoring satellite Sentinel-5 Precursor has been successfully launched on a Rockot from the Plesetsk Cosmodrome in Russia at 09.27 GMT on 13.10.17. Sentinel-5 Precurso...

Airbus-built full electric EUTELSAT 172B satellite reaches geostationary orbit in record time

New telecommunications satellite has completed the first electric orbit raising for a high capacity satellite in just four months after its launch in June, a world first The EUTELSAT 172B spacecraf...

Sepang Aircraft Engineering becomes a fully owned Airbus subsidiary

Boosting growth strategy of Services by Airbus in Asia Pacific Sepang Aircraft Engineering (SAE), an MRO centre based in Kuala Lumpur, Malaysia, partially owned by Airbus since 2011, has become a f...

Happy Design Studio and Air Livery complete a new livery design for a Boeing Business Jet.

This is the first collaboration for designer Didier Wolff of Happy Design Studio and the paint specialist Air Livery. As a missing piece to Happy Design Studio’s portfolio of aircraft liver...

Gulfstream exceeds G500 and G600 planned performance

Gulfstream Aerospace Corp. announced that its long-range Gulfstream G500 and Gulfstream G600 offer even better performance than originally promised. During rigorous flight testi...

Third H160 prototype joins the flight test campaign

First prototype equipped with a cabin interior and with a configuration closer to the serial definition  The third H160 prototype (PT3) performed its maiden flight at the company’s headq...