A double-decker superjumbo A380 passenger jet will take its first flight to the US today.

Planemaker Airbus slumped into the red today as the impact of delays on the A380 superjumbo were revealed by its parent company, EADS.

The Airbus superjumbo programme suffered a major new setback today as air freight company UPS said it would cancel its order for 10 A380s, leaving the aircraft maker with an empty order book for the cargo version of its much-delayed flagship.

Airbus faced a bruising battle today in presenting a plan meant to turn the European planemaker around after a crushing year.

European aircraft manufacturer Airbus is set to reveal cost-cutting plans to save £3.4bn (€5bn) within three years, it was reported today.

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.

An overnight express train heading for Austria burst into flames near a station in eastern France today, killing 12 passengers. Nine people were injured.