Strong dollar lifts Airbus A380 breakeven hopes

PARIS, May 14 (BestGrowthStock) – A rising dollar could help Airbus
break even on the A380 superjumbo, the finance chief of parent
EADS (EAD.PA: ) said on Friday.

“Provided the progress that we see and the maturity of the
aircraft, which needs to be improved, is progressing, certainly
there is hope that at the end of the planning horizon we are
approaching breakeven,” Finance Director Hans Peter Ring told
analysts on a conference call.

“But it is not to be understood as guidance, just as an
extrapolation of current trends,” he cautioned.

“We will see breakeven somewhere on the A380, particularly,
obviously, if the dollar is at rates seen today, (which) might
very positively affect the whole situation.”

Asked to explain what he meant by his reference to the
planning horizon, he said, “we are planning for 5 years”.

The A380 was initially delayed by wiring installation
problems and has most recently faced delays and cost pressures
as Airbus switches over to a more automated type of production
of the world’s largest airliner.

Airbus officials have said the double-decker plane will be a
strain on the planemaker’s finances for some time.

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Strong dollar lifts Airbus A380 breakeven hopes