Tuesday, February 20, 2007

Pardon my schadenfreude: Airbus a Disaster

From American Thinker via Real Clear Politics:

Yesterday, Airbus humiliated itself before the world civil aviation community. Already suffering a massive loss of credibility due to the repeated delivery delays for the A 380 super jumbo, the company was to have unveiled its recovery plan, dubbed Power8, consisting of restructuring and cost saving measures intended to save $2.8 billion per year by 2010.

Instead of triumphantly presenting Power8 to the world, the company admitted it could not come to an internal agreement on cost-saving measures, and word leaked out of heated arguments among the members of its board of directors. So much for boldly moving forward to solve its many problems. Airline customers cannot be comforted by the company's continued internal squabbling, the principal factor said to be at the root of the 380's repeated delivery delays. [emph. mine]

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