PARIS - Shares of Airbus’ parent company plummeted Wednesday after new delays in the delivery of the A380 superjumbo raised questions about the company’s management and strategy.
The sell-off came after Emirates Airlines said it is reconsidering its order of the double-decker A380, the world’s largest passenger aircraft — exacerbating an already delicate situation for European Aeronautic Defense & Space Co. and its largest subsidiary.
Seeking to gain a bigger foothold in India's growing aviation market and also expand trade with the country, France on Wednesday said it intends to set up aircraft manufacturing and training facilities in this sub-continent nation.
QATAR Airways says it may cancel an order for 60 Airbus A350 jets and buy US rival Boeing's 787 plane instead. The Persian Gulf airline is becoming increasingly impatient with a seeming lack of firm information about Airbus's proposed new jet and says it needs new jets to expand its fleet.