Wednesday, October 04, 2006

History repeats itself again.....

Yesterday’s announcement of a third round of delay, this time for roughly a year, in the delivery of Airbus A 380 super jumbo airliners drove down shares of parent company EADS so far that trading in them had to be suspended on the Paris arm of the Euronext market after they breached their 10 per cent loss limit. Trading resumed, but the shares drifted even lower.

A French failure, who would have ever thought such an atrocity could happen. Yanks are at fault I am sure!

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