Airbus finally delivers first A380 superjumbo

TOULOUSE, France - Airbus finally delivered its first A380 superjumbo jet Monday - a critical step for the European planemaker in its efforts to rebound from a string of troubles.

Singapore Airlines took delivery of the double-decker jet, the world's largest passenger plane, almost two years late.

He thanked customers for sticking with the aircraft and said that increasing production to meet demand for the A380 "remains our greatest challenge for the next few years."

"Until now, the A380 has been Airbus' baby. Today we are here to celebrate this beautiful mature aircraft coming of age," said Airbus President Thomas Enders at a handover ceremony that included a sound and light show.

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Acknowledging the planemaker's difficulties, he told Airbus employees: "I realize how unsettling these last times, particularly the last 18 months, have been."

Singapore Airlines Chief Executive Chew Choon Seng said the A380 "is well worth the wait."

Airbus has gone though five CEOs as multiple delays in the A380 program resulted in massive write-offs and a restructuring plan that foresees 10,000 job cuts over four years - not to mention billions of euros (dollars) in lost profit.
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