5 billion at catalogue prices immediately replaced by 15 Boeing 777

EADS and its Airbus subsidiary continue to bear the costs of its very large carrier A380 delays. While the Aviation Group must announce its results for the third quarter with a decline of profits unlikely this morning, U.S. FedEx announced last night the cancellation of an order for 10 A380 freighter, with a value of 2.5 billion at catalogue prices, immediately replaced by 15 Boeing 777. "The decision to purchase a B777 was made after that Airbus has announced significant delays in the delivery of A380", said the number one global air cargo, which was to be the first company to receive version cargo A380, originally scheduled for August 2008 and extended two-year delivery.

Other cancellations to fear

Known just before the close of the stock market, the decision of FedEx was a decline of 3.05 20,66 EUR course of EADS. This cancellation of order is the first since the announcement last month of the new postponement of the delivery of the A380. It could prefigure in others, some companies such as Emirates, Singapore Airlines and Malaysian leaving doubt about their intentions Elle Most importantly, it compromises the future of the A380 freighter, which no copy is still built and has more today than two clients: UPS and ILFC, for respectively 10 and 5 copies. Competed by Boeing and the future extended version of the B747, the A380-F has already suffered a first setback in July, with the cancellation by Emirates of a delivery of two aircraft, for the benefit of the Boeing 747-800. His fate is now suspended the decision of UPS, who announced on October 22 review of its order. "Our command and status remain unchanged for the moment", said Mark Giuffre, spokesman for the group.

Result in lower

This new setback occurs while EADS is still not in a position to announce the official launch of the new Airbus A350. The Board of Directors yesterday, in Amsterdam, only to endorse the third-quarter accounts, which should result in a marked decrease in operating income, estimated by analysts to EUR 450 million against 529 in the first quarter of 2005, despite the increase of more than 10, to 8.2 billion of net sales. In moonlighting on the first nine months of the year, the net benefit of EADS would remain however in progress, to EUR 1.3 billion against 1.02 billion from January to June 2005. But the bulk of the costs of restructuring is still to come, "these figures do not mean much", according to analysts.

Moreover, the objective of a reduction of 80 of subcontracting by 2010 has attracted a new lift of shields, although it has been the subject of any official confirmation. Main Airbus FO and CGT unions intend to stop the direction in the next Enterprise Committee, expected Friday. According to our information, the 'Power 8' plan would pass by a reduction in the number of subcontractors of 1st level, which would also coordinate the subcontractors of lower level, to reduce the costs of administrative management. But these subcontractors of 2nd level would nonetheless continue to work for Airbus.