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June 14, 2006

Boeing Delivers Biggest Blow To European Mainland Since 1945

Airlines pummel Airbus over A380 delays

So the Eurotrash had a couple of good years at Boeing's expense and thought there was no turning back, right?

I'm sorry but homey don't play that game!

I have seen the Frogs get reemed this bad since Dien Bien Phu!

Airlines around the world punished Airbus on Wednesday for delays in the delivery of its A380 superjumbo, demanding compensation, reconsidering orders — and in one case, striking a major deal with its rival Boeing Co.

Shares in Airbus' parent company crashed by over 25% and Boeing's soared as repercussions of the production problems with the world's biggest passenger plane resonated throughout the industry.

Oh baby, I haven't felt this happy since Lance took #7 in Froggystan last year! But wait, it gets better!

Singapore Airlines, one of the world's top carriers and the first to buy the A380, said it was unhappy with the delays Airbus announced Tuesday. It demanded compensation and, on Wednesday, worsened the blow by announcing it would buy 20 Boeing 787-9 aircraft worth $4.52 billion and take options on another 20 planes.

Emirates Airlines, another sought-after buyer, said it was reconsidering its order of 45 A380s. Australia's Qantas Airways said it was seeking talks with Airbus over its orders for 12 A380s and wants some of its money back. Malaysia Airlines said it was reviewing terms of its deal for six of the planes.

"Boeing is eating Airbus' lunch, certainly this year. And they'll do it again next year and for the foreseeable future, unless Airbus can pull a rabbit out of a hat," said Jim Smith, aviation analyst and editor of Jane's Transport Finance.

I wonder how long before they find a way to blame George Bush for it!


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posted by Tanker at 04:41 PM

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