May 13, 2008, 7:56 GMT
Paris - European aircraft manufacturer Airbus formally acknowledged Tuesday that delivery of its superjumbo A380 would be delayed again.
A review of the programme has shown 'that the steep (production) ramp-up planned in 2006 is not fully achievable,' Airbus said in a press statement, confirming suggestions made recently by its management.
As a result, Airbus is now scheduling 12 A380 deliveries in 2008, instead of the originally planned 13, and 21 in 2009, instead of 25.
Airbus said the reason for the delay was that time and resources needed for production of the world's largest commercial airliner were 'higher than expected.'
The company said details about the new delivery schedule and about deliveries in 2010 and afterwards would be conveyed to customers in the coming weeks.
Production problems led to earlier delays of up to two years in delivery of the A380, to a shake-up in the management of both Airbus and its parent company EADS and to a drastic plunge in the EADS share price.
Following Tuesday's announcement, EADS shares were down 0.83 per cent, at 15.61 euros, in early trading on the Paris Bourse.
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