Dubai Aerospace Enterprise’s leasing unit DAE Capital canceled orders for 18 A320 single-aisle jets and 12 A350-900 wide-body aircraft, helping to push the European plane manufacturer into a negative net order position for 2011.
Libyan airline Afriqiyah Airways also canceled three A320 aircraft but appeared to have converted these into new orders for the slightly larger A321 plane, according to monthly statistics issued by Airbus.
DAE Capital last month canceled orders for 32 Boeing 737 aircraft, analysts said.
DAE Capital ordered more than 200 aircraft during an industry boom in 2007 but its ambitions came under the spotlight during the global financial crisis.
It was reported last year to have ceded some of its orders to Dubai-based Emirates airline.
Airbus said it had sold 40 aircraft and received 43 cancelations in January and February, leaving it with three net cancelations. It delivered 73 aircraft over the same period.
DAE Capital cancels $4.7bn Airbus orders
Publication Date:
Fri, 2011-03-04 00:06
Taxonomy upgrade extras:
© 2024 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement.