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Cancelled Airbus order is the superjumbo in the room | |
(about 12 hours later) | |
Outlook You can't blame Airbus's sales chief for claiming the biggest cancellation of an order in aviation history was no big deal. He's a salesman – turd varnishing goes with the job. | Outlook You can't blame Airbus's sales chief for claiming the biggest cancellation of an order in aviation history was no big deal. He's a salesman – turd varnishing goes with the job. |
But the truth is that Emirates' cancellation of 70 A350s can mean several things, none of them good. Particularly not if you work at, or own shares in, Rolls-Royce. | But the truth is that Emirates' cancellation of 70 A350s can mean several things, none of them good. Particularly not if you work at, or own shares in, Rolls-Royce. |
Either: there's a problem with the A350 that's got Emirates spooked; the airline is fed up with the slow progress of talks to improve the A380 superjumbo's performance; Emirates has realised it has over-ordered across its fleet and needs to retrench; airlines in the Middle East and emerging markets think their markets are softening. Or maybe all the above. Ignore the salesman. Adopt the brace position. | Either: there's a problem with the A350 that's got Emirates spooked; the airline is fed up with the slow progress of talks to improve the A380 superjumbo's performance; Emirates has realised it has over-ordered across its fleet and needs to retrench; airlines in the Middle East and emerging markets think their markets are softening. Or maybe all the above. Ignore the salesman. Adopt the brace position. |