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Emirates brings Airbus stocks down after canceling a major A350 order

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Airbus shares were down 3.3 percent in early trading in Frankfurt (AIRG.DE), with the news expected to cast a shadow over 2 days of briefings for the media at Airbus’ headquarters in Toulouse on Wedne

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Airbus shares were down 3.3 percent in early trading in Frankfurt (AIRG.DE), with the news expected to cast a shadow over 2 days of briefings for the media at Airbus’ headquarters in Toulouse on Wednesday and Thursday.

An Emirates spokesperson told eTN: “The contract which we signed in 2007 for 70 A350 aircraft has lapsed. We are reviewing our fleet requirements.”

Emirates has been pushing for Airbus to upgrade the A380 superjumbo with a more efficient engine, after increasing its total orders for the world’s biggest passenger jet by 50 in November to 140 planes.

The carrier’s chief executive, Tim Clark, said earlier this month that a revamped A380 could have a 10-12 percent performance improvement and that “we are hoping to move on that pretty soon”.

Emirates is also in the process of firming up an order for 150 of Boeing’s latest jetliner, the 777X mini-jumbo, of which Emirates has ordered 150 worth $76 billion at list prices.

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editor

Editor in chief is Linda Hohnholz.