Tuesday, September 2nd15.9°C
22736
22805

Emirates Airlines cancels order for 70 of Airbus' troubled A350

PARIS - Emirates Airlines has cancelled its order for 70 Airbus A350 aircraft, a blow to the manufacturer that has seen its share price sink 4 per cent in morning trading.

The A350 is intended as Airbus' best hope for catching up in the long-haul market that is dominated by Boeing's 777 and 787 but has been plagued by years of delays and a multibillion dollar revamp.

In Wednesday's announcement, the companies said Emirates cancelled the order after a "fleet requirement" review. The carrier is owned by the government of Dubai and is by far the largest in the Mideast.

Emirates has been rapidly adding the Boeing 777 to its fleet, and last year placed an order for 150 of the planned 777x model in a deal valued at $55.6 billion.

The Canadian Press


Read more Business News

22253


Recent Trending




Today's Market
S&P TSX15593.00-32.73
S&P CDNX1014.00-9.99
DJIA17029.64-68.81
Nasdaq4580.026-0.246
S&P 5001996.38-6.99
CDN Dollar0.9154-0.004
Gold1287.40-3.30
Oil95.96+1.29
Lumber349.80+1.40
Natural Gas4.116+0.014

 
Okanagan Companies
Pacific Safety0.20+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.08+0.01
Anavex Life Sciences0.250.00
Metalex Ventures0.07-0.005
Russel Metals36.42-0.06
Copper Mountain Mining2.91-0.02
Colorado Resources0.17-0.01
ReliaBrand Inc0.10+0.001
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.225-0.02

 



22929

FEATURED Property
2038037950 Purcell Drive
3 bedrooms 3 baths
$599,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Manage your behaviour

You can’t manage what you can’t control! You can’t manage the number of sales you’re going to make but you can manage the behaviour that will help you make those sales. Obvious...


At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....


New Real Estate Brokerage in town

Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...

_



22692

22692


Member of BC Press Council


22810