Egypt, Jordan launch high-capacity Coral Bridge submarine cable    Egyptian pound shows stability vs. USD in early trade    Egypt's PM heads to Japan for TICAD 9 Africa development summit    National Council for Childhood reviews plan to combat child labour    Egypt's Supreme Organ Transplant Committee strengthens oversight, standards    African agribusiness market expected to reach $1tr by 2030    Price cuts underway across Egypt, says trade federation report    Zelenskyy seeks US security guarantees as Trump says he can 'end war now'    Israelis protest for hostage deal amid growing pressure on Netanyahu    Serbia's Vucic vows 'tough measures' against protesters after unrest    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt delivers over 30 million health services through public hospitals in H1 2025    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Qantas A380 incident poses Airbus cost challenge

LONDON/PARIS: An engine failure that forced the emergency landing of a A380 super jumbo jet in Singapore on Thursday could further delay manufacturer Airbus's bid to claw back the plane's hefty development costs.
Airbus can ill afford setbacks in sales of the A380, a plane which cost 12 billion euros ($17 billion) to develop but has failed to attract airlines in some key markets including the United States and Japan.
A380 orders slowed to just four last year from a peak of 85 in 2001.
Concerns triggered by the emergency landing hit shares in Airbus parent EADS and Rolls-Royce, maker of the engine involved.
EADS was down 2.9 percent at 18.465 euros in Paris and Rolls-Royce down 3.8 percent at 629.5 pence on London's FTSE 100 as of 1100 GMT.
Howard Wheeldon, senior strategist at brokerage BGC Partners in London, said the fire reported soon after take-off in one of the plane's four engines could mean it hit birds or collected debris, cautioning against assigning blame just yet.
"Until the investigation is properly done we will not know whether it is a defined engine fault or if the explosion was caused by a malfunction of a part within the engine or outside interference such as a bird strike or debris.
"It could also be a maintenance-related issue," he said.
Australia's Qantas, operator of the plane which landed safely with 459 aboard on Thursday, has never suffered a fatal accident and said it was grounding all six of its A380s as a precaution.
Wheeldon noted as significant the fact that other carriers were still flying the plane.
Those airlines include top A380 customer Emirates; Singapore Airlines, which said that it was closely assessing the situation; and Lufthansa.
Qantas said the incident did not affect its standing orders for more A380s, of which just 37 are in operation with airlines worldwide, according to Airbus.
The A380 is key to Airbus growth plans in the world's fastest-growing markets, including China and the Gulf. Airbus developed it in hopes of attracting customers looking for aircraft even larger than Boeing's ageing 747 jumbo.
Yet EADS posted losses on several of the first ones delivered, squeezed by higher-than-expected costs, late fees and discounted prices.


Clic here to read the story from its source.