EXECUTIVES of Europe‚??s aircraft manufacturer Airbus were engaged this weekend in another crisis. They had hoped to unveil the design of their new A370 aircraft this week on the eve of the Farnborough Air Show. The ‚??launch‚?Ě of the new plane, which is even more critical to the company‚??s future than its troubled A380 super-jumbo, had been pencilled in for 14 July until British partner BAE Systems announced it was triggering a full audit of the Toulouse-based European planemaker.
On Friday, the launch of the mid-sized jet was suddenly suspended to allow new chairman Christian Streiff to ‚??review‚?Ě the troubled project, so Airbus claimed.