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http://www.bbc.com/news/business-30427116
Airbus shares fell 10.4% to €43.20 (£34.32)on Wednesday, marking their worst one-day fall for six years and wiping €3.9bn off the company's value. The A380 aircraft is only in its seventh full year of operation and cost about $25bn to develop.
Airbus has already announced plans to cut production of its A330 aircraft by 10% to nine aircraft a month. But it said on Wednesday it would have to cut production again in 2016 to an unspecified level, following slow progress in finding buyers for the aircraft, ahead of a planned upgrade in 2017.
... chief financial officer Harald Wilhelm said the aircraft manufacturer would have to provide different engines from 2018 to make it more attractive, or discontinue making it altogether. Mr Clark (Emirates) said if Airbus went ahead with proposals to upgrade the A380 by adding new Rolls-Royce engines, Emirates would eventually replace all the 140 aircraft it had ordered with the newly upgraded version.
Airbus shares fell 10.4% to €43.20 (£34.32)on Wednesday, marking their worst one-day fall for six years and wiping €3.9bn off the company's value. The A380 aircraft is only in its seventh full year of operation and cost about $25bn to develop.
Airbus has already announced plans to cut production of its A330 aircraft by 10% to nine aircraft a month. But it said on Wednesday it would have to cut production again in 2016 to an unspecified level, following slow progress in finding buyers for the aircraft, ahead of a planned upgrade in 2017.
... chief financial officer Harald Wilhelm said the aircraft manufacturer would have to provide different engines from 2018 to make it more attractive, or discontinue making it altogether. Mr Clark (Emirates) said if Airbus went ahead with proposals to upgrade the A380 by adding new Rolls-Royce engines, Emirates would eventually replace all the 140 aircraft it had ordered with the newly upgraded version.