State of the Airlines

Friday, September 15, 2006

Airbus Offers Transparent Response to A380 Delay Rumors

Airbus is attempting to downplay the possibility of additional delays on the A380 amid rumors that broke loose all over the internet. Per AP article Airbus claims "...it is too early to say whether the troubled A380 superjumbo jet faces further production hitches, after a minority shareholder said another delay is likely." That minority stock holder would be none other than 20% stakeholder BAE. The same BAE would is trying to sell off their 20%.

I'd like to point out that nowhere does Airbus say "we have no reason to believe another delay is imminent". All they are really saying is "The audit which EADS is doing at Airbus on the A380 is still ongoing." This evasive language along with the departure last week of A380 project lead Charles Champion (awesome name...seriously...how could you not kick ass with that name) tells me that BAE is likely spot on with their prediction of another delay. Time is money baby.

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