The cracked wing problems which Airbus faces on its A 380 super-jumbo are just beginning. The manufacturer’s vice president Tom Williams told Spiegel that “The problem will keep us busy for years.” He estimates the total costs of repairs and special maintenance on the planes will be in the hundreds of millions of euros. Since it appears that the entire fleet of the planes has been affects, that estimate may be low. The comments are also a red flag about Boeing’s (NYSE: BA) problems with its 787 Dreamliner which has had structural issues as well. Some carriers have asked for compensation for the late delivery of the 787. Those same firms may seek more payment for repairs. Boeing’s issues with the 787 could be only at their beginning if they are at all similar to those of the A 380.
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s made it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.