Airbus is grown up now, as an aircraft maker. It took years of hard work, and billions of Europeans’ tax money in the form of state subsidies to come at par with its American rival Boeing. But the subsidies have dried up, and so has the performance of the last year(s).
Airbus has made a few attempts to get out of their current situation: the launch of its flagship the Biggest of them all, the A380 super-jumbo. Last year, on the opening day of the Farnborough International Air Show, Christian Streif, then the new European boss, unveiled three versions of its newly redesigned, wide-bodied A350 model. This latest model, not the A380 is the key to restoring Airbus competitiveness.
Still Airbus has lots of troubles.
The A380 super-jumbo will be delivered almost two years later then planned to its customers. This will cost the company billions.
Airbus scrapped a $4 billion update of its successful A330 model in favour of the new, extra-wide bodied plane called the A350XWB, which will cost around $10 billion to develop.