Airbus delays A350 XWB entry as EADS profits triple
Airbus will delay rolling out
its A350 to fix a glitch
Airbus has said it will delay the
introduction of its fuel-efficient A350 XWB to fix a glitch related to its
wings.
The planned wide-body, which is a rival to Boeing's Dreamliner, will now be delayed by three months until the second half of 2014, forcing its parent company EADS to take a 124m euro ($152m;£97m) hit as a result.
Earlier, EADS said net profit more than tripled in the second quarter to 461m euros from 121m euros a year earlier.
EADS shares jumped 6.66% on the news.
The A350's delay is due to a production problem involving drilling holes in the plane's wings.
A350 project manager Didier Evrard said that the preparation for a new automated drilling process took longer than expected, causing production schedules to be delayed by several weeks.
The A350, which is made of carbon composite, is already a year behind schedule.
Airbus has also faced recent problems with wing cracks in its A380 superjumbo planes, which have forced clients such as Qantas Airways to delay their deliveries by almost four years until the aircraft are fully fixed.
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