katekebo
Posts: 678
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Airbus Still Running In The Dark

Sat Sep 30, 2006 4:31 am

http://biz.yahoo.com/ap/060929/france_airbus.html?.v=2

Quote:
Customers and investors hoping for word from Airbus parent EADS about delays to the flagship A380 jet program, which is already running one year behind schedule, will have to wait longer.
The EADS board, which met Friday to discuss the A380, ended the forum without announcing a decision....
....Friday's statement leaves Airbus customers on tenterhooks as they await reliable delivery schedules

Looks like Airbus is really completely lost about how and when the A380 problems will finally be solved. Or simply doesn't want to spread the finding because the reality is worse than originally expected.

It will be interesting to see how will the customers react to this lack of clarity.
 
futurecaptain
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 4:36 am

Quoting Katekebo (Thread starter):
It will be interesting to see how will the customers react to this lack of clarity.

I guess some more A330's will be handed out.  Big grin
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Rheinbote
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 4:50 am

Quoting Katekebo (Thread starter):
It will be interesting to see how will the customers react to this lack of clarity.

Not to mention Airbus employees.
 
atnight
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 5:05 am

Guys, as much as it bothers me that EADS didn't say anything today, we have to be fair..... You see, EADS said that their report on the A380 delays would come out within four weeks (which was said about 10 days ago).... it was the media however who assumed that today after the meeting there would be a final word on what's going on in regards to the A380.... but EADS never said that today they would announce the new delay schedule or that they would say what's going on.... if after the 4 week period you and I don't have an announcement, then I would suggest they have left people in the dark and have issues that they themselves don't know how to handle.... BUT until then, it should be fair to go with what was stated by EADS instead of what is said by the media..... so let's give EADS and Airbus a break on the A380... hopefully they won't take the 4 full weeks to give us an outline of the problems and how bad the delays will be....
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NYC777
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 5:10 am

If the delays weren'tt that bad, they would have made a decision and announcement by now. The delay seems to indicate the the problem is worse and the solution would make the delays even longer than what people have been speculating. Of course, I'm speculating but that is my opinion.
That which does not kill me makes me stronger.
 
zschocheimages
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 6:06 am

How will QF react to the new news, if it is infact true? They're already really upset with the delays, as it will have a negative impact on their future scheduling.
Why fly with 2 engines when you can have 3?
 
Flying-Tiger
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 6:11 am

Quoting NYC777 (Reply 4):
If the delays weren'tt that bad, they would have made a decision and announcement by now. The delay seems to indicate the the problem is worse and the solution would make the delays even longer than what people have been speculating. Of course, I'm speculating but that is my opinion.

You´re speculating often and a lot when it comes to Airbus... it might simply be the case that the board has taken a number of pre-decisions but does want to have several scenarios prepared for the next [decision] meeting or some initial feedback from its key managers below the board level about the feasibility. At the moment they are basically preparing a number of multi-billion decisions - you don´t do it within a day or two. Then you would be rushing - and that´s possibly the worst thing they could do at the moment, to rush with important decisions.
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NYC777
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 6:18 am

You're right, I am speculating but I'm taking and educated guess on it, not merely pulling it out of my ass.

It would be a simple thing if the delays amounted to 3-6 months for EADS to say this is the delay. But it is quite possible that as a result of hte ELF and the work that's been on going in Toulouse that the problems are much more serious and that is why they're taking their time in announcing it.
That which does not kill me makes me stronger.
 
katekebo
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 6:25 am

Part of the problem is that when Streiff took the leadership, he promissed to come back with answers and action plans in 100 days. This 100 days expired today. Airbus seems to have hard time meeting commitments at all levels, not only delivering airplanes on time, but even meeting communication commitments to their customers and shareholders. This is simply unacceptable managerial behavior, especially for American and Far East corporate cultures.
 
BoomBoom
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 9:25 am

They're fiddling while Rome burns...

The new head of Airbus failed to win official backing from the group's parent company EADS for a major restructuring of the troubled aircraft manufacturer, sources close to the matter said.

A union source asking not to be named said after the talks: "They did not reach an agreement."

He suggested that there may have been disagreement on plans to revamp Airbus, currently struggling to compete with its US rival Boeing, among French and German shareholders in EADS.

A source with Airbus said both the manufacturer and EADS may also have wanted to "take account of reactions from airline companies to the new delivery timetable for the A380."


http://news.yahoo.com/s/afp/20060929...ranceaerospacecompany_060929215554
Our eyes are open, our eyes are open--wide, wide, wide...
 
ebbuk
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 9:56 am

Quoting Katekebo (Thread starter):
Looks like Airbus is really completely lost about how and when the A380 problems will finally be solved. Or simply doesn't want to spread the finding because the reality is worse than originally expected.

It will be interesting to see how will the customers react to this lack of clarity.

OMG "Airbus is really completely lost" Is that worse than just lost or really lost or completely lost? Really completely lost? Terrible

Quoting Katekebo (Reply 8):
Part of the problem is that when Streiff took the leadership, he promissed to come back with answers and action plans in 100 days. This 100 days expired today. Airbus seems to have hard time meeting commitments at all levels, not only delivering airplanes on time, but even meeting communication commitments to their customers and shareholders.

Well on this observation I am "really completely lost". What do you think he was doing at the meeting today mon ami? picking tea leaves?

Quoting Katekebo (Reply 8):
This is simply unacceptable managerial behavior, especially for American and Far East corporate cultures.

No written comment on this but you know exactly what I am saying to you.
 
longhaulheavy
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 10:00 am

Let me make Airbus a cost-cutting deal. I'll come in and run the place for half of what they're paying Streiff.
 
Halibut
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 10:08 am

Quoting BoomBoom (Reply 9):
They're fiddling while Rome burns...

 blush  lol

And Forgeard the architect of the A380 mess , is basking in the sun at the French Riviera , along with all his loot he got when he sold out of Airbus before the $hit hit the fan .

He's got all the money & no worries !

Who's laughing now ?

Hhmm  scratchchin 

Halibut
6 million Jews were slaughtered-Do you see Jews flying planes into buildings in Germany to kill 1000s of innocent, NO !
 
ebbuk
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 10:12 am

Quoting Halibut (Reply 12):
Who's laughing now ?

you haven't done anything other than laugh, have you?

In case you are interested, I am saving my laugh to the last, it will be the loudest
 
leelaw
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 10:17 am

Quoting Katekebo (Reply 8):
Part of the problem is that when Streiff took the leadership, he promised to come back with answers and action plans in 100 days. This 100 days expired today.

Actually, 100 days have not passed since Mr. Streiff was nominated as the new President & CEO of Airbus upon the resignation of Dr. Humbert on July 2nd, and was confirmed by the Airbus Shareholder Committee, comprised of representatives of Airbus shareholders BAE and EADS, on July 7th. Mr. Streiff made his public debut at Farnborugh on July 17th, when he promised that he would launch an effort to put things right once he had completed his "100 days" of evaluation.
Lex Ancilla Justitiae
 
Halibut
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 10:17 am

Quoting EbbUK (Reply 13):
you haven't done anything other than laugh, have you?

In case you are interested, I am saving my laugh to the last, it will be the loudest

I hope you know I was refering to Forgeard ?

Halibut
6 million Jews were slaughtered-Do you see Jews flying planes into buildings in Germany to kill 1000s of innocent, NO !
 
PVG
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 10:28 am

Quoting Katekebo (Reply 8):
Part of the problem is that when Streiff took the leadership, he promised to come back with answers and action plans in 100 days. This 100 days expired today. Airbus seems to have hard time meeting commitments at all levels, not only delivering airplanes on time, but even meeting communication commitments to their customers and shareholders. This is simply unacceptable managerial behavior, especially for American and Far East corporate cultures.

He probably didn't realize how bad the situation was until he got inside. He should have waited before making promises.

Quoting BoomBoom (Reply 9):
The new head of Airbus failed to win official backing from the group's parent company EADS for a major restructuring of the troubled aircraft manufacturer, sources close to the matter said.

This is bad! How can you bring a new guy in and then not allow him to do what he wants in the first board meeting. If he can't get support now, in his first 100 days, how is going to go forward.

What I don't understand is why Daimler, one of the great industrial/manufacturing enterprises of the world, sits by and shares power with French bureaucrats and a front company for the French government. After a fiasco of this magnitude, I would expect that they say:" We are taking over the day-to-day operations and decisions making, take it or leave it. If not, we're out of here!"
 
jacobin777
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 10:28 am

Quoting Leelaw (Reply 14):

Actually, 100 days have not passed since Mr. Streiff was nominated as the new President & CEO of Airbus upon the resignation of Dr. Humbert on July 2nd, and was confirmed by the Airbus Shareholder Committee, comprised of representatives of Airbus shareholders BAE and EADS, on July 7th. Mr. Streiff made his public debut at Farnborugh on July 17th, when he promised that he would launch an effort to put things right once he had completed his "100 days" of evaluation.

100 days=2400 hours=144000 minutes...when they said "100 days"...they probably meant "100 days +/- a few days".....not 144000 minutes down to the exact minute.... no 
"Up the Irons!"
 
osiris30
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 10:32 am

Quoting PVG (Reply 16):
This is bad! How can you bring a new guy in and then not allow him to do what he wants in the first board meeting. If he can't get support now, in his first 100 days, how is going to go forward.

That would be my primary concern if I still held EADS stock. It seems the 'man for the job' is only the man for the job if he does what he's told. I do not envy him regardless of the extent of the delays or the depth of the problems.

And before anyone flames the 'new guy', I will go on record: I prefer Boeing as a corporate entity *these days*. Back when the 300 came out I was more in the Airbus court. However, I don't wish to see Airbus severely wounded by the 380, I think having both of the companies relatively strong (yet at the same time somewhat vulnerable) is the best way to get what I want... better, faster, more efficient planes to fly on.

Steve
I don't care what you think of my opinion. It's my opinion, so have a nice day :)
 
CHIFLYGUY
Posts: 133
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 10:40 am

It's really hard to see how the EADS board could fail to back Streiff at this juncture. If he resigned after a Board vote of no confidence, Airbus is back to square one. My guess is that this will end up passed, perhaps in some slightly modified form.
 
leelaw
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 10:47 am

Quoting Jacobin777 (Reply 17):
100 days=2400 hours=144000 minutes...when they said "100 days"...they probably meant "100 days +/- a few days".....not 144000 minutes down to the exact minute....

IMO, if Mr. Streiff announces his action plan by the end of October he will have timely fulfilled the "pledge" he made in July.
Lex Ancilla Justitiae
 
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Stitch
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 10:57 am

Quoting Katekebo (Thread starter):
It will be interesting to see how will the customers react to this lack of clarity.

After the drubbing Boeing took for "neglecting" their customers - and the benefits it extended to Airbus - I am surprised Airbus appears to be doing the same.

Still, I believe the ones who bet big (10+ frames) will see it through to the end.

Quoting BoomBoom (Reply 9):

[Yahoo News]The new head of Airbus failed to win official backing from the group's parent company EADS for a major restructuring of the troubled aircraft manufacturer, sources close to the matter said...

This part...concerns...me. Not "oh my gosh!" concern, mind you, but if Mr. Streiff, who was picked because of his experience heading large corporations, believes changes need to be made and the Chairmen/Board don't want to (either on their own accord or under direction from their host governments), this could hurt Airbus' ability to both solve existing issues and their future competitiveness.
 
osiris30
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 11:01 am

Quoting Stitch (Reply 21):
This part...concerns...me. Not "oh my gosh!" concern, mind you, but if Mr. Streiff, who was picked because of his experience heading large corporations, believes changes need to be made and the Chairmen/Board don't want to (either on their own accord or under direction from their host governments), this could hurt Airbus' ability to both solve existing issues and their future competitiveness.

 checkmark 
I don't care what you think of my opinion. It's my opinion, so have a nice day :)
 
jacobin777
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RE: Airbus Still Running In The Dark

Sat Sep 30, 2006 11:16 am

Quoting Leelaw (Reply 20):
IMO, if Mr. Streiff announces his action plan by the end of October he will have timely fulfilled the "pledge" he made in July.

 checkmark 
"Up the Irons!"
 
glacote
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RE: Airbus Still Running In The Dark

Mon Oct 02, 2006 4:19 am

Quoting Katekebo (Reply 8):
This 100 days expired today.

Do you even bother to verify your claims? 100 days ago Christian Streiff was still at Saint-Gobain. Et joined Airbus on July the 2nd; 100 days after that date is Oct. 10th.

Streiff has alledgely met his decisions and is currently seeking board approval. The board is scheduled to meet "early next week" (probably on tuesday) on the A380 specifically.

Quoting Futurecaptain (Reply 1):
I guess some more A330's will be handed out.

Source?

Quoting PVG (Reply 16):
one of the great industrial/manufacturing enterprises of the world, sits by and shares power with French bureaucrats and a front company for the French government. After a fiasco of this magnitude, I would expect that they say:" We are taking over the day-to-day operations and decisions making, take it or leave it. If not, we're out of here!"

1) No "french bureaucrat" at EADS. The representative of the french government used to be... Gallois himself.
2) French bureaucrats sometimes do well.
3) German cars are arguably sexier than French ones but Daimler was definitely not on par with Aerospatiale/Matra when the merger took place. Intense political pressure resulted in a 50/50 equilibrium between France and Germany. Probably one of the first of a long string of absurd, political, counter-productive measures.

My guess is that political equilibrium is precisely what caused the board not to approve Streiff plan - which he probably expected to be approved on friday though.

I guess any redistribution of work between Toulouse and Hamburg is even more problematic than he expected. Hence the threat of moving to China - which is not really credible in the short-term but may help him impose his view "or else...".
 
Lumberton
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RE: Airbus Still Running In The Dark

Mon Oct 02, 2006 4:29 am

Quoting CHIFLYGUY (Reply 19):
It's really hard to see how the EADS board could fail to back Streiff at this juncture. If he resigned after a Board vote of no confidence, Airbus is back to square one



Quoting Stitch (Reply 21):
but if Mr. Streiff, who was picked because of his experience heading large corporations, believes changes need to be made and the Chairmen/Board don't want to (either on their own accord or under direction from their host governments), this could hurt Airbus' ability to both solve existing issues and their future competitiveness.

This would be more than a public relations nightmare for EADS if the board failed to back him and he resigned in protest. It would confirm that the Airbus Chief doesn't have the authority to "run the business". IMO, although I consider this unlikely, if it were to happen, then the market cap would probably take a significant hit in a "no confidence" vote by the market.

Quoting Glacote (Reply 24):
Hence the threat of moving to China - which is not really credible in the short-term but may help him impose his view "or else...".

Other than the threat of resignation, how could he enforce the "or else" part?
"When all is said and done, more will be said than done".
 
hb88
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RE: Airbus Still Running In The Dark

Mon Oct 02, 2006 5:14 am

Sheesh, I'm not surprised at all that there was no announcement.

Friday - long meeting - upcoming weekend - need to possibly draft out a clear statement, clearance from legal etc etc.

I don't think it's surprising in the slightest given the timetable that Streiff is working to.
 
ebbuk
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RE: Airbus Still Running In The Dark

Mon Oct 02, 2006 5:50 am

Quoting Halibut (Reply 15):
I hope you know I was refering to Forgeard ?

Hope you know that I was referring to you and all your anti-380 posts?
 
TeamAmerica
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RE: Airbus Still Running In The Dark

Mon Oct 02, 2006 5:55 am

Quoting Osiris30 (Reply 18):
I don't wish to see Airbus severely wounded by the 380

I don't wish to see it either, but I do. Airbus has been sererely wounded by the A380 project. It has already happened.

Quoting Atnight (Reply 3):
it was the media however who assumed that today after the meeting there would be a final word on what's going on in regards to the A380

Yes and no. There is a thread that started on the rumor (New A380 Delivery Schedule Released 9/29) which sites a Bloomberg article:

Quote:
Airbus SAS will unveil the new calendar for deliveries of its A380 superjumbo and details of the financial impact of the delays as early as tomorrow instead of in four weeks as it said previously, La Tribune reported, citing unidentified company officials.

So perhaps the blame rests with "unidentified company officials" at Airbus.
Failure is not an option; it's an outcome.
 
Halibut
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RE: Airbus Still Running In The Dark

Mon Oct 02, 2006 6:52 am

Quoting EbbUK (Reply 27):
I was refering to Forgeard ?

Hope you know that I was referring to you and all your anti-380 posts?

 eek 

Wooh there EbbUK ,
"And all my anti-A380 posts ? " That's quite a bit ! However , to you & all the anti-Halibutians . I believe I am back on double secret probation . So it looks as though you got your wish !

 grumpy 

 ziplip 

Quoting TeamAmerica (Reply 28):
Quoting Osiris30 (Reply 18):
I don't wish to see Airbus severely wounded by the 380

I don't wish to see it either, but I do. Airbus has been sererely wounded by the A380 project. It has already happened.

And who's fault is that ?

Halibut
6 million Jews were slaughtered-Do you see Jews flying planes into buildings in Germany to kill 1000s of innocent, NO !
 
leelaw
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RE: Airbus Still Running In The Dark

Mon Oct 02, 2006 7:00 am

Quoting Halibut (Reply 29):
I believe I am back on double secret probation .

That's what you get for showing your "pickle" to Dean Wormer's wife.  Smile
Lex Ancilla Justitiae
 
NYC777
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RE: Airbus Still Running In The Dark

Mon Oct 02, 2006 7:50 am

Quoting Leelaw (Reply 30):
That's what you get for showing your "pickle" to Dean Wormer's wife.

To-Ga, To-Ga, To-Ga, To-Ga!!!!
That which does not kill me makes me stronger.
 
Halibut
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RE: Airbus Still Running In The Dark

Mon Oct 02, 2006 7:51 am

Quoting Leelaw (Reply 30):
That's what you get for showing your "pickle" to Dean Wormer's wife.

Flounder you F-ed up , you trusted us !

 cry 

Halibut
6 million Jews were slaughtered-Do you see Jews flying planes into buildings in Germany to kill 1000s of innocent, NO !