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UPS cancels A380 in new blow for Airbus
Published in Saudi Press Agency on 02 - 03 - 2007


Troubled Airbus suffered
its second hammerblow in a week on Friday when the last cargo
customer deserted the freight version of its delayed A380
superjumbo, days after the planemaker announced 10,000 job cuts, according to Reuters.
United Parcel Service Inc. said it planned to cancel an
order for 10 Airbus A380 freighters, worth approximately $3
billion at list prices, joining its rival FedEx which cancelled
an identical order last year.
The U.S. express firms were among buyers angered by delays
of up to two years in A380 deliveries, and had been the sole
takers of a superfreighter version on which Airbus had pinned
hopes of challenging the Boeing 747 in global airborne trade.
In London, Richard Branson's Virgin Atlantic said it expects
to decide within a month whether it will acquire new Airbus or
Boeing planes to help it deal with the delay in the A380.
Virgin has previously said it intends to take delivery of
all six of the $300 million Airbus A380 planes it has on order,
but would not see its first one until 2013 due to problems the
planemaker has encountered in wiring the mammoth planes.
UPS said it was concerned that Airbus, a unit of EADS, could
not fill its orders in a timely manner.
UPS had already said it was delaying taking deliveries of
its 10 aircraft beyond 2010 and reached agreement with Airbus
last week to wait for the results of a review.
All that changed when EADS and Airbus said on Thursday the
planemaker would temporarily stop working on the cargo version
of the world's largest airliner in Toulouse, France.
"UPS had intended to complete an internal study of whether
it could wait until 2012 for the aircraft, but now understands
Airbus is diverting employees from the A380 freighter program to
work on the passenger version of the plane," it said.
"Based on our previous discussions, we had felt that 2012
was a reasonable estimate of when Airbus could supply this
plane," UPS president David Abney said in a statement. "We no
longer are confident that Airbus can adhere to that schedule."
Airbus said it respected the decision and remained confident
of delivering the first passenger plane in October.
EADS shares fell 4 percent to 23.62 euros.
The highly unusual public spat ended a dire week for Airbus,
which warned on Wednesday its survival was at stake as it cut
jobs and put plants up for sale, triggering union walkouts.
The leader of one of France's biggest unions said he feared
there would be forced lay-offs in the Airbus restructuring plan,
despite assurances from the company and the French government.
"I hear the (French) prime minister say that we have
assurances there will be no forced lay-offs," CGT
secretary-general Bernard Thibault told France 2 television.
"What is certain ... is that at the contracting firms the
consequence will be forced lay-offs," he said.
"We know what the next stage is -- outsourcing, contracting
and then moving work to low-cost countries," Thibault said.
Unions have pledged to make the job cuts, and 1,500 lay-offs
at technology form Alcatel Lucent,, an issue in French
presidential elections in April and May.#
Airbus says it could reconsider whether to impose forced
redundancies if its fortunes have not improved in 12-18 months.
It will sell parts or all of six of its 16 sites in France,
Germany, Britain and Spain after sacrificing 5 billion euros in
future profits due to delays to the A380 superjumbo.
It has also been hit by a weak dollar and the erratic
development of its next model, the mid-sized A350 which it needs
to compete with Boeing's fast-selling 787 Dreamliner.


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