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The truth that the A350 was a dead duck finally hit home in Toulouse. The design was torn up earlier this year, and work started on an all-new plane, codenamed A370. Now, the board of EADS, which met on Friday, has “suspended” the launch of this aircraft, with a likely development cost of E8bn, twice that anticipated earlier. The decision underscores the scale of the strategic errors made by Airbus. Founded 36 years ago to provide an umbrella beneath which the national aerospace companies of Britain, France, Germany and Spain could achieve economies of scale and compete effectively with market leader Boeing, Airbus had become a symbol of effective state industrial policy. Alas, no more. BAE, which makes the wings, wants out of the partnership, the French and German government are tussling for control of EADS, heads are rolling at the top of both companies, and even legal action from airline customers over late deliveries is threatened.
Thanks to improved technology, airlines no longer saw the need for giant planes flying long distances. And as hub airports become more crowded, and passenger numbers grow, customers can see the obvious advantage of flying “point-to-point” from regional airports close to home, to regional airports close to their destination.
Additionally, rising oil prices have also favoured Boeing’s bigger B777 widebody twinjet seating 300 to 400 passengers.
Singapore Airlines, one of the world's leading airlines, spent $1 billion more on fuel in 2005 than in 2004. And the price of fuel has gone up significantly this year. Fuel is now more than 40 percent of Singapore Airlines' direct operating cost. That makes a plane like the 787 very attractive.
Emirates, which has ordered more than 40 A380s from Airbus and more than 40 777s from Boeing, is considering the 787. It was one of several airlines that persuaded Boeing to develop the 787-10, a bigger 787 that will seat more than 300 passengers. Boeing has said the 787-10 will be available around 2012.
Originally posted by waynos
Hello again El Tiante
You just can't help yourself can you
Originally posted by jensy
Waynos, not wanting to move off topic too much.... What will happen to these factories when Bae leaves?