today's Pick
Emirates cancels order for 70 Airbus planes
Publish Date: Jun 11, 2014
Emirates cancels order for 70 Airbus planes
An Airbus long-haul plane A350 XWB (eXtra Wide Body) fliying over Toulouse, southern France, during a test flight of the new of the European aircraft maker. PHOTO/AFP
  • mail
  • img
newvision

PARIS - Emirates airline announced on Wednesday that it had cancelled an order for 70 long-haul A350 planes from European manufacturer Airbus.

The decision was taken following "on-going discussions with the airline in light of their fleet requirement review", Airbus said on Wednesday.

Airbus added that it was still very confident in the A350 programme and said there were almost 750 planes on the order book ready to enter service.

"The programme of test flights for the A350 is progressing well and is on schedule for certification (by the Aviation Authorities) in the coming months," said Airbus.

The price of shares in Airbus Group, of which the airliner business is the biggest element, fell by 3.14 percent to 52.18 euros in early trading. The overall French CAC 40 index was down by 0.31 percent.

The cancellation of such a big order would seem to be a serious setback for the European manufacturer, based in Toulouse. John Leahy, the boss of Airbus was due to make a statement later on Wednesday.

Emirates is one of Airbus's biggest clients and placed the order for A350s in 2007. The first deliveries were scheduled for 2019.

In London, aero-engine maker Rolls-Royce said that the cancellation would reduce the value of its order book by 2.6 billion pounds (3.2 billion euros, $4.3 billion).

AFP


Also related to this story

Emirates chief asks why no fighter jet tracked MH370

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Real Madrid win Club World Cup in Morocco
Real Madrid defeated San Lorenzo of Argentina 2-0 on Saturday to win the Club World Cup and secure their fourth trophy of 2014....
Bayern
Bayern Munich will start 2015 with a record 11-point lead in the Bundesliga, sparking debate over how to stop Germany's top flight becoming boring....
North Korea seeks joint probe into Sony hack
North Korea on Saturday called for a joint investigation with the United States into a crippling cyber attack on Sony Pictures, claiming it had means to prove Pyongyang had nothing to do with it....
Obama to N. Korea over Sony hack:
US President Barack Obama has warned North Korea it would face retaliation for a crippling cyber attack on Sony Pictures over an irreverent film comedy that infuriated Pyongyang....
Thug steals 30 bullets from prison guard
A thug stormed Maiha Prison and grabbed a magazine containing 30 bullets from a prison warder on guard....
Granddad defends petition to expel HIV-positive boy
The grandfather of a Chinese HIV-positive boy has defended his support for a petition to banish him from their village....
Do you agree with the ban on the export of maids?
Yes
No
Can't Say
follow us
subscribe to our news letter