Title : Wednesday, February 20, 2019, T+49 -- The Good, Bad, And The Ugly
link : Wednesday, February 20, 2019, T+49 -- The Good, Bad, And The Ugly
Wednesday, February 20, 2019, T+49 -- The Good, Bad, And The Ugly
The A380: from "jumbo" to "dumbo." Over at The WSJ. World’s largest passenger plane was hurt by misjudged market trends, internal dysfunction and production problems.When Airbus launched the A380 superjumbo in 2000, it touted the two-deck plane as “the Eighth Wonder of the World.” Instead, the world’s largest passenger plane exposed dysfunction inside the European aerospace company and now offers a textbook case of a company misjudging its market and losing big.
Airbus has sunk at least $17 billion into the project yet sold fewer than half of the 750 superjumbo jetliners it promised to deliver by the end of this year. On Thursday Airbus said it would cease producing the 555-seat plane at the end of 2021.
By then, Airbus expects to have sold 251 A380s—one more than its original break-even target, set before production delays added billions of dollars in costs. At its peak, A380 deliveries never reached 5% of annual Airbus deliveries—less than half its target.
Comment: Dysfunction in the EU -- a consortium led by the strike-prone German and French workforce -- I'm shocked, shocked!A major new branch of the service? Never mind.
Typical of the president, he flipped on this one. The "space force" will be part of the US Air Force. He found out later (he obviously knew all the time but facts don't matter) that he can't do this unilaterally; it requires Congressional approval and, of course, that won't happen on his watch. Over at The WSJ.Making America great, just as President Trump promised, predicted:
Honda will shift some UK Civic production to North America. Over at The WSJ. England plant that produces 150,000 cars/year will close amid Brexit uncertainty. I'm hearing through the grapevine the Honda move is not unique; other companies are struggling with the uncertainty of Brexit. Companies have difficulty dealing with uncertainty. International companies with headquarters and/or operations in the UK are now hedging their bets. Honda? Moving out. By the way, my favorite of all time: my 2012 Honda Civic. Bought in Williston, ND, late 2011. I recall that the 2012 got bad reviews but I certainly didn't notice, but then again, I don't know much about cars.
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