enthalpy

enthalpy

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The truth shall set you free, but first it's going to piss you off

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Saturday, October 21, 2006

Posted 10/21/2006 11:14:00 AM by Douglas

More trouble for the behemoth from Airbus. It ain't good when your break-even point increases by over 50%. [Thanks, long-time reader!]

European aircraft maker Airbus has raised the number of A380 superjumbos it needs to sell to make a profit on the project.

The A380 programme has been beset by huge cost over-runs and long delays.

The firm's parent company EADS now says it needs to sell 420 A380s to break even, up from a previous estimate of 270 aircraft.

But in a presentation to analysts and investors, EADS chief financial officer Andreas Sperl said that the planemaker still expected to sell more than 750 of its new planes over the life of the project.

Well good luck with that, commies! All this comes just a few months after they upped the price on this disaster. 420 planes at $300 million each? It's going to take $126 Billion before they turn a profit on this nightmare? Geez. I doubt it, but maybe they'll make it. I know $126 Billion buys a lot of 747s, and Boeing is ready when you are, FedEx and UPS.

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