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Branson warns of threat to A380 maker

 
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karatecatman
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PostPosted: Tue Apr 24, 2007 12:29 pm    Post subject: Branson warns of threat to A380 maker Reply with quote

http://news.independent.co.uk/business/news/article2481069.ece
Branson warns of threat to A380 maker
By Michael Harrison, Business Editor
Published: 24 April 2007
The chairman of Virgin Atlantic, Sir Richard Branson, one of the launch customers for the new Airbus A380 super jumbo has warned that the aircraft is likely to be a "financial disaster" for its manufacturer.

Sir Richard, whose long-haul airline has placed a $2bn (£1bn) order for six A380s, said he feared the 555-seater aircraft would never sell in sufficient numbers to cover its development costs.

His comments are a major setback for Airbus, which has invested a huge amount of its reputation on the success of the delayed and heavily over-budget aircraft.


..
The airline will also announce today that it is to become the first carrier in the world to use green aviation fuel. Virgin Atlantic is planning to launch trials next year with Boeing and the US engine manufacturer General Electric, flying a 747 aircraft using a mixture of bio-fuel and conventional aviation fuel.
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HAWK21M
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Joined: 19 Dec 2006
Posts: 8132
Location: Mumbai, INDIA

PostPosted: Tue Apr 24, 2007 1:33 pm    Post subject: Reply with quote

I would Agree.Unless Airbus gets the Project selling.Its gong to take a big hit,only the A320 project is keeping their hope up.
Personally I hope the A380 sells well & soon.
regds
MEL
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