At the annual shareholder’s meeting in Amsterdam, Louis Gallois, the chief of European Aeronautics Defence and Space (EADS), told shareholders that “There are still significant levels of execution risk”.
A380 and A400M, both the plane programs have been hit by delays which are reported to be worth a loss of billions of Euros. Obviously, the shareholders are not happy.
From New York Times -
“Airbus
faces risks in the development and stepped-up production of two new
plane programs, the superjumbo A380 and the A400M military transport
aircraft, the chief executive of Airbus’s parent EADS said Monday”
From Seattle Times -
“In November, Airbus said a delay to its A400M military transport could
cost as much as 1.4 billion euros ($2 billion) in penalties and other
charges.”
