Emirates cancels order for 70 Airbus A350 planes
"It is not good news commmercially but not bad news financially," Airbus sales chief John Leahy told reporters in Toulouse, adding Boeing has had more cancellations for its 787 Dreamliner. "There is certainly going to be no hole in production." Emirates was due to receive its first A350 in 2019.
Rolls-Royce, which is the sole engine maker for the A350, said the Emirates decision would result in a 2.6 billion-pound ($4.4 billion) hit to its order book. "While disappointed with this decision, we are confident that the delivery slots which start towards the end of this decade vacated by Emirates will be taken up by other airlines," Rolls-Royce said in a statement.
Airbus said the cancellation followed a "fleet requirement review" as Emirates shifts towards the large A380 superjumbo, for which it is the biggest customer. Emirates was among the first buyers for the A350 when it placed the order for 50 A350-900 and 20 A350-1000 jets in 2007. ■