Airbus announces new delays to A380

PARIS -- Airbus announced new delays on deliveries of the superjumbo A380, already almost two years late, saying the company is behind schedule in switching to automated production.

The setback deals a blow to Airbus’ hopes of putting the woes of its flagship superjumbo project behind it, and risks financial penalties from customers.

The European aircraft maker is also struggling with the weakening dollar, which is eating into profits, and the global credit crisis, which has impeded plans to sell factories.

Airbus said it will deliver 12 planes in 2008 instead of 13, and 21 planes in 2009 instead f 25. Executives will talk to customers about deliveries for 2010 -- originally foreseen at 45 -- in the coming weeks.

Airbus CEO Tom Enders said the switch from individual production of the planes to serial production is about two to three months delayed. He declined to say when Airbus will meet its goal of delivering four A380s per month, a pace the planemaker had hoped to meet in 2010.

“This is unfortunately not the first delay and as CEO of Airbus I have to say I regret this very much,” Enders said.

But he said the additional delays should not be compared with the problems that have so far plagued the superjumbo program.

“We are not talking about a catastrophic scenario,” he said.

A series of increasingly worrisome announcements beginning June 2005 revealed missteps, technical setbacks, communication failures and financial improprieties that tarnished the planemaker’s image.

Botched management of production of the 525-seat superjumbo compounded wiring difficulties and communication failures among Airbus plants in Germany and France.

Enders declined to say how much the financial penalties from the additional late delivery will cost Airbus. Combined with spiraling development costs, penalties have already wiped billions from Airbus profits.

Airbus rival Boeing Co. is also dealing with delays to its long-range 787 jetliner which analysts say will cost billions of dollars. The Chicago-based planemaker has pushed back the date for delivering the first of the 787s three times.