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Companies
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2006-11-17 07:10:32-05
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Thai Airways threatens to cancel Airbus order
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Bangkok, Nov 17: Thai Airways has warned European aircraft manufacturer Airbus that delay in delivery of the six A380 superjumbo jets purchased by the airline could result in a cancellation of the entire order. Airbus, said in October that problems with the A380 would lead to two-year delivery delays and a future profit shortfall of 6.1 billion dollars. Thai Airways is expected to make a decision regarding the purchase in early 2007. The warning follows a decision earlier this month by US logistics firm Federal Express to cancel its order for 10 Airbus super-jumbos and switch to rival Boeing. Last month, British carrier Virgin Atlantic said it was deferring its order for six Airbus A380s by four years, reports BBC. Setbacks at Airbus have hit the planemaker's parent firm, Franco-German aerospace giant EADS, which reported a surprise quarterly net loss of 195m euros earlier this month.
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