Airbus Hit By Fresh A380 Delivery Delays

Airbus revealed delays of at least six months in deliveries of its A380 superjumbo on Tuesday, in an embarrassing new setback that parent company EADS said could cut its earnings between 2007 and 2010.

The European planemaker said it would still deliver the first aircraft to Singapore Airlines in 2006, but would slow down deliveries from next year onwards because of problems with the installation of electrical wiring harnesses.

"We have had an industrial delay. It will shift the program to the right by six to seven months," John Leahy, Airbus' chief commercial officer said.

More...