Airbus to pay Kingfisher over one bln rupees for A380 delay

New Delhi: European aircraft manufacturer Airbus has agreed to pay Kingfisher Airlines over one bln rupees (22 mln usd) for a delay in delivering five A380 superjumbo aircraft, the Economic Times reported. The airline, which is owned by the UB group, ordered the aircraft last year.
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A380 problems spill
over to Airbus A350
More troubles for European planemaker
Airbus. After the delivery delays for its
A380 superjumbo, now problems have
surfaced over two other projects. Airbus'
parent company, EADS, admitted the
delays and profit warnings associated
with the A380 could endanger plans to
build the mid-sized A350, the rival to
Boeing 787 Dreamliner. The planemaker
also said the A400M military airlifter
it plans to build for seven European
NATO countries could face delays and
will not make money unless costs are
reduced. Airbus Chief Executive
Christian Streiff said they will need 10
years to return to the same level of
development and efficiency as Boeing.
05/10/06 Euronews.net, France
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'Airbus has communicated that they are postponing deliveries of the aircraft and the first aircraft will now be delivered only by 2011,' UB group chairman Vijay Mallya was quoted as saying.
It is unclear whether the compensation to Kingfisher for the A380s would be in the form of discounts or payment, the report said.
06/10/06 XFN-ASIA/Forbes, US

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