CAN'T GIVE THEM AWAY:

Airbus sets aside 1.0 billion euros for A380 compensation (AFP, 10/09/06)

The Daily Telegraph newspaper said that the estimate, which was equivalent to 690 million pounds, was contained within the 4.8-billion-euro loss forecast last week as a result of chronic delays to the flagship A380.

Airbus has not made no provisions however to cover possible cancellations from airlines for the 134 orders taken so far, the report said Monday.

Airbus hoped it could "satisfy angry customers by either reducing the cost of the sales package or easing their pain with a compensation offer", the daily added.

It's not like you can land them anywhere anyway.

MORE:
EADS announces Streiff's resignation at Airbus (Rhys Blakely, 10/09/06, Times of London)

EADS has confirmed the resignation of Airbus chief executive Christian Streiff, who has been replaced by co-ceo Louis Gallois at the troubled planemaker.

Earlier reports in the German press had suggested that Louis Gallois or Thomas Enders could move to oversee Airbus if M Streiff, if the Frechman who had been at the company for a little over three months, did not stay on until May next year, when France is to hold a presidential election.

Suggesting increasingly fractious relations between French and German onlookers...

They seemed so likely to get along....

Posted by Orrin Judd at October 9, 2006 2:05 PM