BEIJING, June 18 -- Airbus SAS will reach a goal of cutting costs by 300 million euros (401 million U.S. dollars) in 2007 under the so-called Power8 plan after its first loss last year because of A380 delays, Chief Executive Officer Louis Gallois has said. "We're completely on track for the savings of Power8 in 2007 calzado timberland," Gallois said on Friday at a briefing for journalists before the Paris Air Show autlet timberland, which starts on Monday. Airbus, the world's largest maker of commercial planes, plans to slash costs by 2.1 billion euros annually by 2010, eliminating 10,000 jobs and selling or finding partners for six factories. The firm needs the savings to help pay for the development of a new 270- to 350-seat plane to compete with Boeing Co's 787 Dreamliner, Bloomberg News said. European Aeronautic botas timberland hombre, Defence & Space Co, the owner of Airbus, expects two-year delays on the 555-seat A380 will reduce earnings by 4.8 billion euros over the next four years. The company has orders for 160 of the super jumbo aircraft. Boeing has 584 orders for the Dreamliner, which will enter service next year timberland italia, while Airbus has only 13 for its A350 XWB, scheduled for delivery five years later. Gallois said higher research costs and an increase in the euro against the U.S. dollar mean the 300-million-euro savings won't translate into higher profits. The company has forecast a substantial loss for this year. Airbus, based in Toulouse, France, has about half its costs in euros while planes are priced in U.S. dollars. The US dollar has lost 40 percent of its value against the euro since December 2000, when Airbus committed to building the A380. Gallois said every 10-cent decline in the U.S. dollar against the euro costs Airbus one billion euros in profit a year. "The problem is that our costs are in euros," he said. "We can't stay immobile if we have in front of us a changing environment. We will have to take decisions." Asked to specify what that would mean scarpe timberland uomo, he responded, "I prefer not to say." Tom Enders, EADS Co-CEO, said that while 60 percent of sales come from outside Europe, the percentage of materials sourced from outside the region is less. About 76 percent of suppliers come from Europe, 21 percent from North America and three percent from the rest of the world, he said. "No doubt about it: This will change as well," Enders said. "We'll need strong industrial footprints, in development and in manufacturing in other parts of the world." (Source: Shanghai Daily)Related Topics Articles：

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