One mistake after another continues to plague AirBus. Today, FedEx cancelled its A380 order (
link) that had a list price of $2.3 billion and will instead buy 15 Boeing 777s with a list price of $3.6 billion. If they were not funded by government subsidies I am sure they would be out of business already.
- 3 delays on the production of the A380 and a 4th is probable.
- The A380 failed its wing stress test causing one of the delays. AirBus says they fixed the problem but are not going to retest the wing. Makes me confident in flying on an A380 - NOT!
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- They have totally screwed up on a plane to compete with Boeing's 787 Dreamliner which continues to get huge orders.
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- Today, a French Court said that AirBus and Air France are liable for damages in a 1992 crash.
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- UPS is still deciding on whether to cancel its order for 10 A380s.
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And if you own Boeing stock it is up over 5% today so far.