Aviation news analysis
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

Airbus Board of Directors Selects Guillaume Faury Future Chief Executive Officer

The Board of Directors of Airbus SE (stock exchange symbol: AIR) has selected Guillaume Faury as future Airbus Chief Executive Officer (CEO). Faury, 50, who currently serves as President Airbus Commer...

Honeywell Business Jet Aviation forecast projects 7,700 New Aircraft deliveries, valued at $251 billion

Deliveries in 2019 projected to be higher than 2018 with growth supported by new models entering service Purchase plans for the next five years are higher in North America and Europe, lower in As...

Russia’s first Boeing 737MAX delivered

Deliveries of Boeing’s new 737MAX family of the re-engined narrow-body aircraft to Russia began. Today, October 13, the first Boeing 737MAX-8 aircraft with a tail number VQ-BGW, painted in a gre...

TAG Farnborough Airport at NBAA 2018

TAG Farnborough Airport is Europe’s leading business aviation airport, a key gateway to London and the first business aviation airport in the world to be awarded carbon neutral status. The airpo...

Best-Selling Pilatus PC-12 NG also Tops Customer Service Ranking for 17th Consecutive Year

Market demand remains strong for the Swiss single-engine turboprop, as the 1,600th PC-12 enters service and readers of Professional Pilot magazine rated its customer service tops in turboprops. Pilatu...