Airbus parent EADS today plunged to its first loss in two years amid lingering uncertainty over major aircraft programmes.

One of the world’s largest aircraft companies said today it had enjoyed a “very good year”, despite orders being down by around 500 planes from last year.

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

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.

BAE Systems was caught in the fall-out today after last night’s warning from Airbus that deliveries of its new A380 superjumbo had been put back.

THE world’s largest passenger plane, the 555-seater Airbus A380 superjumbo, took to the skies above London yesterday.

Aerospace giant BAE Systems today announced plans to sell its stake in the Airbus project, leading to union fears about the future of thousands of jobs.

Bovis Homes today said the Bank of England’s decision to leave the cost of borrowing on hold since last summer had helped boost trading this year.

Aerospace and defence group BAE Systems today denied it had any plans to sell its stake in European aircraft giant Airbus.

A couple made an Anglo-French pact at 60,000ft by getting engaged aboard Concorde’s last flight.

Concorde touched down for the very last time today after a special flight from Heathrow Airport to the site where the supersonic plane was made.

The last but one Concorde flight will leave Heathrow bound for Barbados tomorrow with 70 invited British Airways staff on board.

Aircraft builder Airbus is seeking volunteers for redundancies and proposing a shorter working week in a bid to avoid huge lay-offs because of falling demand.