Implosion.. A380 Airbus

[empip]

Business implosion not aircraft !!

With executives and industrialists facing a series of investigations into the events that made them richer - and ordinary shareholders poorer - the aircraft has also propelled its manufacturer into the greatest crisis of its history.
...the implosion was sparked by Airbus's announcement last week of a six-month delay in delivering the A380s ordered by the world's airlines from next year. That will cost the firm Euro 2billion in earnings and possibly as much again in penalties.
Investors were stunned

Perhaps not all of them !!

... not just because of the delays but because Airbus had repeatedly denied until last week that anything was wrong. Within 24 hours, shares in its parent, the European Aeronautic Defence and Space Company (Eads), had fallen by more than a quarter, wiping E 5 billion off its value.
Worse, it emerged that the joint chief executive of Eads, had made a E 2.5 million profit by selling shares in the group in March after exercising stock options.
His three children made E 1.4 million each, while four Eads' executives made a total of E 3.2 million.
In April, the group's two main private shareholders, the German car maker, DaimlerChrysler, and the French publishing and aerospace group, Lagardère, also cashed in - selling 7.5 per cent holdings.

Eads managers and shareholders have denied acting on the basis of inside information.

Is this more 'sacking' of europe by ... Europeans .... What do you think?