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Airbus Faces New Delays, Costs and Concerns

No sooner had Airbus announced further production delays to its giant A380 aircraft than problems emerged with two other crucial programs.

The A400M military transport is faces rapidly rising costs and possible delays.

And the A350 airliner is said to be under similar threats.

A new management team says it needs to restructure Airbus in order to compete effectively with its major competitor, Boeing. But that could take 15 years -- a large potential setback for Europe's flagship aircraft manufacturer.

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