Asian financial crisis delays Airbus A3XX launch

The Asian financial crisis has delayed launch of the Airbus A3XX, the European super-jumbo which will seat 480 658 passengers. A decision to wait until this year-end was taken last week by consortium stakeholders British Aerospace, Aerospatiale of France, Germany’s Dasa and Spain’s Casa. Some 20 airlines which were sounded out did not foresee a […]

The Asian financial crisis has delayed launch of the Airbus A3XX, the European super-jumbo which will seat 480 658 passengers. A decision to wait until this year-end was taken last week by consortium stakeholders British Aerospace, Aerospatiale of France, Germany’s Dasa and Spain’s Casa. Some 20 airlines which were sounded out did not foresee a need for the giant double-decker plane before 2005 a year later than a previous in-service target. British Airways, Cathay Pacific, United Airlines and Singapore Airlines could be among the first customers. The launch could cost £534m, but create 22,000 UK jobs. News Analysis, page 14