No Airbus A350 Decision On Tuesday

November 5, 2006

Bookmark and Share

The board of aerospace group EADS will not decide at a meeting this Tuesday whether to launch the A350 XWB mid-sized aircraft, a source close to the company said on Sunday, denying a French newspaper report.

France's Le Figaro, without citing sources, said on Saturday that the board would meet on Tuesday to determine the aircraft's fate.

"There will be no board decision on the A350 on Tuesday," the source said, declining to say whether a board meeting would take place at all.

EADS, parent company of planemaker Airbus and Europe's largest aerospace group, declined to comment.

Production problems with Airbus's A380 superjumbo have forced it to re-examine its projects and restructure its business.

The A350 XWB, or extra wide body, is a redesigned version of Airbus's slow-selling mid-sized plane.

The German co-head of EADS, Thomas Enders, was reported as saying last month that he did not rule out abandoning the XWB due to delays in the A380.

Le Figaro said the XWB would cost almost EUR10 billion (USD$12.8 billion) to produce and could be launched in 2012.

EADS, which has dual headquarters in Munich and Paris, is due to report third-quarter earnings on Wednesday.