Manufacturing Industry
Carriers re-evaluating orders for A380s on news of more delays.(Airbus S.A.S. announced another delay to its A380 super jumbo air freighter.)(DHL Airways Inc. to buy 49% of U.S.-based Polar Air Cargo.)(Bureau of Transportation Statistics report says air freight shipments declined 1.5%.)
Purchasing, November, 2006
By Staff Airbus announced another delay to its A380 super jumbo air freighter on Oct. 4 due to wiring problems, causing a host of airlines to consider their plans with Airbus going forward. Airbus CEO Christian Streiff, only three months into his tenure, left the company shortly after the announcement.
UPS says it is re-evaluating its decision to spend $2.5 billion with Airbus for 10 A380s, now two years behind schedule. Dubai's Emirates airline has 43 A380s on order worth $13 billion and is reviewing its order. UPS says the latest delay would push back its first A380 delivery to May 2010 from September 2009, which prompted the company to create a team to evaluate its options in this area. "This is an open-ended evaluation that rules out...
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