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Airlines, markets pummel Airbus on delays |
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PARIS - Airlines around the world punished Airbus on Wednesday for delays in the delivery of its A380 superjumbo, demanding compensation, reconsidering orders — and in one case, striking a major deal with its rival Boeing Co.
Shares in Airbus' parent company crashed and Boeing's soared as repercussions of the production problems with the world's biggest passenger plane resonated throughout the industry.
They also raised questions about the European planemaker's management and strategy, and the future of the double-decker A380. Boeing is staking its bets on a smaller, more fuel-efficient model.
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