07-May-2009 1:10 PM
EADS shares rise despite Airbus cuts to A380 deliveries, Boeing wins Turkish order – Share Wrap
Analysis
Airbus announced it is scaling back A380 production, reducing 2009 deliveries from 18 to 14 and cutting 2010 deliveries to "more than 20 aircraft", from a previous target of "30 to 40" aircraft. The announcement confirms reports that have been circulating for the past few weeks that Airbus would not meet its A380 delivery targets. EADS shares rose 3% yesterday.
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