Airbus cancels six A380 superjumbos deal with Japanese customer

July 30, 2014 4:04 pm

European planemaker, Airbus has announced it has terminated an agreement to deliver six A380 superjumbo jets to Skymark Airlines Inc. after the Japanese low-cost carrier struggled to raise enough cash to pay instalments on the aircraft, Reuters has reported. The termination marks a setback for Airbus in Japan after it won its first order ever from Japan Airlines (JAL) last year, which agreed to buy more than 30 A350 jets. The European company has struggled to win market share from rival Boeing Co, which dominates with around an 80% market share.