Word: a380
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...outside Zurich, engineers are paring away at the obstacles to a very 21st century challenge: flying a plane around the world powered by nothing but the rays of the sun. If the Solar Impulse project goes to plan, in 2011 a gangly aircraft with the wingspan of an Airbus A380 and the weight of a compact car will attempt to circle the globe in about a month at an average speed of 43 m.p.h. (70 km/h), landing only five times along...
...financially and otherwise. At a time when the industry is finding most of its economies in running fewer flights with greater numbers of passengers, Singapore Air operates one of the largest 747 passenger fleets in the world and is gearing up to introduce the double-decker 555-seat Airbus A380 in 2006. It's likely that airports around the world will follow the lead of Las Vegas, a midtier destination that is betting SIA will offer a lucrative link to the developing markets of Asia, including China...
October was supposed to be a month of celebration for Airbus. This is the month, after all, when the European airplane manufacturer is finally set to start delivering its chronically overdue super-jumbo, the A380. Instead, the company has hit turbulence again. This time, however, it's not production delays and boardroom infighting, it's news that market regulatory officials are investigating a potentially massive insider trading scandal at EADS, Airbus's parent. According to documents cited in French press accounts, as many as 1,200 people may wind up targeted by legal action, including some of the loftiest members...
...that initial findings in the on-going inquiry - which both the AMF and French legal officials declined to comment on - had turned its attention to 21 current and former EADS executives, and as many as 1,200 other shareholders who may have used inside knowledge of troubles with the A380 program to dump millions worth of stock before that bad news was revealed in June 2006. When that information was disclosed publicly, EADS' share price plunged by 26%, and marked the beginning of recurring setbacks, revelations about dysfunctional management structures, and a restructuring plan that will cut more than...
...While the renewed allegations of insider trading represent yet another blow to Airbus and may put more downward pressure on EADS share prices, it won't constitute a long-term threat to the company's future - especially if the A380 proves popular with airlines. However, according to Anne Maréchal, a former official with Paris's stock market now working with law firm DLA Piper, if convictions for insider trading have been very rare in France until now, there's reason to believe some may result in the EADS case. "The AMF isn't required to file a report...