Airbus faces A380 delays, report says pushing downs EADS stock

0 Comments | AFP, May, 2008

FRANKFURT (AFP) — Airbus faces more production delays for its A380 superjumbo jetliner and might not be able to deliver the 25 planes promised in 2009, a press report said on Monday causing shares in parent group EADS to fall.

The business magazine Wirtschafts-Woche cited a letter by Airbus chief executive Thomas Enders to customers and company sources.

It also quoted a company source as saying Airbus would "almost" reach this year's delivery target of 13 planes, but was likely to miss the 2009 target of 25 planes.

Airbus, a subsidiary of the European Aeronautic Defence and Space company, declined to comment to the magazine, and a spokeswoman for Airbus, contacted by AFP, declined to comment.

The group, based on French and German interests, is in the...