A380F Dead? UPS Expected to Postpone Delivery 10 Years

[Matt Molnar]

From a Bloomberg (http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=EAD:FP&sid=am2gSp3b_jDw) article about EADS layoffs:

[Airbus SAS CEO Louis] Gallois said in an interview that he expects United Parcel Service Inc., its only customer for the A380 freighter, to "postpone" its order for 10 planes by a decade.

[NIKV69]

I also heard Airbus is laying off people and I think I also heard they may close plants as they will post an annual loss for the first time in quite awhile.

[nwafan20]

They plan to cut over 10,000 jobs and 6 plants are going to be sold/closed.

The A380 screwed Airbus, and I knew it would. They misread the airline market except for a small sector. Will the A380 succeed? Possibly (I think it is unlikely), it might find a market, but it is less likely than the 787 to succeed. If Airbus didn't get subsidies, this would probably shut them down, or get darn close to it!

[NIKV69]

Ouch! This isn't good. As for the 380 being a success I doubt it. The 787 is going to be much more sucessfull. Not really the same market but I think Asirbus put their ego in front of good sense in building this thing.