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
Police foil terrorist attack on Luzira Prisons
Government security agencies have intercepted a communication from terrorists in Uganda to an al-Qaeda cell in Maghreb, North Africa, requesting for help to bomb Luzira Prisons to free eight terror suspects who are on remand in connection with the July 11, 2010 Kampala twin bombings, the Police hav...
Judges decry neglect of the Judiciary
The Justice of Supreme Court, Jotham Tumwesigye, has decried the total neglect of the Judiciary saying something should be done....
Over 30 people die in Sudan bus accident
Over 30 people are feared dead after a Ugandan bus got involved in an accident on the Juba Nimule Road in South Sudan. However, there were conflicting figures about the death toll, with some reports putting the figure at 52 and others at 32....
Juba accident: 27 killed on their way to Uganda
Up to 27 people have been reported dead in a road accident on their way from neighbouring South Sudan to Uganda....
‘Community care is better for treating mental cases’
Experts in mental health have called on the government to invest in community care as opposed to institutions for mental health interventions....
NGOs ask parliament to establish minimum wage
Civil society organizations have asked Parliament to expedite the debate on the Minimum Wages Bill 2012 in order for it to come into play....
Will police's move to increase the number of investigators help deal with fraud?
Yes
No
Can't Say
follow us
subscribe to our news letter