Airbus Update

Shares of Airbus' parent company plummeted Wednesday after new delays in the delivery of the A-380 superjumbo raised questions about the company's management and strategy.

The European planemaker said that the A-380's safety certification and delivery to its launch customer, Singapore Airlines, will occur later this year as scheduled. But, because of production troubles, Airbus now projects nine deliveries in 2007, down from the 20 to 25 previously projected. The 70 jets the company now expects to deliver in 2008 and 2009 are about 10 fewer than previously expected.

Read more here.