Northern Ireland Aviation Enthusiast's Forum
General Aviation Discussion => Aviation News => Topic started by: casper on March 09, 2007, 12:49:40 PM
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Airbus has posted its first loss despite delivering a record 434 planes, dragging down parent firm EADS.
Delays dogging the A380 superjumbo, problems developing the A350 XWB and a strong dollar triggered the loss for 2006 of 572m euros ($752.3m; £389.4m).
As a result, annual net profits at aerospace giant EADS plunged from 1.676bn euros to just 99m euros.
More Info (http://news.bbc.co.uk/1/hi/business/6433401.stm)