FRANKFURT -(MarketWatch)- European aerospace giant European Aeronautic Defence & Space Co. NV could have to pay more than initially expected for fixing wing cracks in its Airbus A380 plane, German magazine Spiegel reports Sunday.
"The problem will keep us busy for years," the paper says, citing Tom Williams who is vice-president of EADS' aircraft unit, Airbus.
The company could face costs of "several hundred million euros," the paper adds without saying where it obtained the information.
An EADS spokesman declined to comment on the figure. He highlighted a recent statement from the company's Chief Executive Louis Gallois, who said he estimated the cost of fixing wing cracks discovered in the 67 Airbus A380 superjumbos produced so far at EUR105 million.
Source: http://www.marketwatch.com
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