Some time ago both Mick and I discussed the impending launch of the Airbus A380. I was underwhelmed and Mick was downright skeptical. Sample thoughts are here and here.
Well, it looks like Mick's skepticism was well founded.
Shares in European Aeronautic Defense and Space, the parent company of Airbus, fell sharply on Wednesday after another delay in the delivery of the new double-decker A380 airplane raised questions about the company's management and strategy.…
And while we're at it:
Airbus parent company EADS will launch a probe into the latest delays of the superjumbo A380, its co-chairman said in an interview published Thursday, amid mounting questions about the company's management and stock sales earlier this...…
When Mick is right, he's very much so, and this is one of those times...
Posted by Mick Stockinger on June 15, 2006 5:32 PM
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Comments (2)
I hate to question the praise, but my predictions were that the market for the giant A380 would be soft in comparison to the market for more fuel efficient and smaller passenger jets.
I had no idea that they would experience the kind of production problems that they've been plagued with. This will of course alienate their current customers and give pause to those considering the A380.
Posted by Mick | June 16, 2006 6:57 PM
Posted on June 16, 2006 18:57
Granted you were focused more on the market. But I think, as you read the articles, this just shows how right you were. Singapore Airlines, for example, rushing out to buy Dreamliners and take options for more of them relating to the A380 issues. The things feed off of each other.
Posted by Greg | June 17, 2006 8:39 PM
Posted on June 17, 2006 20:39