Just the first few paragraphs from washingtonpost.com today:
Airbus A380 superjumbo faces new delay
By Tim Hepher
Reuters
Thursday, September 21, 2006; 9:03 AM
PARIS (Reuters) - Airbus revealed new delays for its troubled A380 superjumbo jet on Thursday, blaming a repeat of wiring installation problems which have already pushed the programme a year behind schedule and hit future profits.
Bowing to pressure to either confirm or deny reports of another logjam in the twice-delayed airliner project, Airbus parent EADS (EAD.PA) said it was too early to say how long the latest delivery delay would last or how much it would cost.
Shares in EADS fell by as much as 3.9 percent, slicing 750 million euros off the value of Europe's top aerospace group. At mid-session in Paris they were down 2.3 percent at 22.3 euros.
The 12-billion-euro ($15 billion) programme to produce a new class of mammoth plane has already been hit twice by problems in fitting each jet's 500 km (300 miles) of wiring, culminating in a 2 billion euro profit warning and management shake-up in June.
"Although the company's assessment is still under way, continuing industrialisation challenges with the wiring of production aircraft have been identified and are being tackled," EADS said in a statement.
"Consequently, from what is known today, there will be further delays."
Well, hell.
Cheers, y'all.
(and weeping and wailing)