Airbus A380 jets delayed for Emirates
Airbus Group SE’s problems with its A380 superjumbo jet are deepening as the planemaker delayed deliveries of a dozen aircraft over the next two years to Emirates, the double-decker’s biggest customer. To make up for the financial drag from the later handovers, Airbus will accelerate cost cuts, according to an emailed company statement on Tuesday. The delay stems from an agreement between Emirates and engine supplier Rolls-Royce Group Holdings Plc, the release said. Handovers of six A380 s apiece that were originally planned for 2017 and 2018 will be shifted to a year later following a subsequent agreement with Emirates and Airbus, the planemaker said, adding it still plans to deliver about 120 A380 s per year as of 2018.