The curtain has been raised on the first fully assembled Boeing 787 Dreamliner jet to an audience of thousands in the company’s plant in the US.

Airbus unions in Europe today ordered a strike to protest against planned job cuts, including 1,600 in the UK, as shares of parent company EADS tumbled on the announcement that work on the A380’s slow-selling freighter version had halted

Airbus parent company EADS today announced the resignation of the European plane maker’s chief executive, Christian Streiff, and named one of its own co-CEOs to replace him.

Airbus SAS’s development costs for the A380, the world’s biggest passenger jet, will exceed budgets by an “alarming’ €1.45 billion, European Aeronautic, Defence & Space Co. said.