This voluntary cut will be from the required production level, as agreed upon at the Opec+ meeting
The Airbus A380 — the world’s largest passenger aircraft with an average list price of about $350 million — has been hit by safety concerns after a Rolls-Royce engine partly disintegrated mid-flight, forcing a fully laden Qantas plane to make an emergency landing in Singapore on November 4.
Rolls-Royce’s move could be another blow to a much-delayed A380 programme as Airbus was scheduled to deliver over a dozen Rolls-Royce-powered A380s — primarily to Singapore Airlines, Qantas and Lufthansa by the end of next year.
“Until this problem is fully resolved I think the situation with the delivery of A380 to customers... will be in jeopardy,” Standard & Poor’s analyst Sukhor Yusof said. But both Singapore Airlines and Qantas, with a combined 22 A380s still to be delivered, said on Tuesday they had not been informed of any delivery delays. Airbus said last week that the problem with Rolls-Royce engine could have an impact on its earnings and delivery target for 2011 but did not give detail and airlines contacted on Tuesday had no knowledge of deliverytimetable changes.
Airbus can ill afford setbacks in sales for a plane which cost €12 billion ($16.3 billion) to develop but has struggled to attract airlines in some key markets including the US and Japan.
This voluntary cut will be from the required production level, as agreed upon at the Opec+ meeting
Rohit Sharma's India faces a big Test against the Australian pace attack in the WTC final which starts in London on Wednesday
The couple, aged 24 and 22, reportedly died of cardiac arrest
Statement made after the 35th meeting of the group in Vienna
The benchmark S&P 500 has risen 11.5% this year and stands at a 10-month high
He has got domestic runs under his belt but facing the likes of Mitchell Starc and Pat Cummins with the Dukes ball will be a different challenge
The club lauds his contributions, wishes all the best for the future
The actor had featured in over 250 films across the Hindi and Marathi film industry