Emirates cancels order for 70 A350 aircraft
Emirates Airline has cancelled its entire purchase of 70 Airbus A350 jets, dealing an unexpected blow to the European planemaker and engine maker Rolls-Royce, Reuters has reported. The decision cuts the order book for the European company’s newest jet, which is due to enter service in around six months’ time, by around 10%. The Dubai-based airline was among the first buyers for the A350 rival model to Boeing’s 787 Dreamliner when it placed the order for 50 A350-900 and 20 A350-1000 jets in 2007. The deal was worth around $16bn at 2007 list prices, or close to $22bn based on the current catalogue, although launch customers typically negotiate discounts.