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Airbus disappointed, but not worried, by Emirates A350 cancellation

11th June 2014

By: Keith Campbell

Creamer Media Senior Deputy Editor

  

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The cancellation of an order for 70 Airbus A350XWB by Emirates Airlines, announced on Wednesday morning, will have no financial impact on the European airliner manufacturer. "It's not the world's greatest news," Airbus chief operating officer: customers John Leahy told journalists in Toulouse.

"It's not good news, commercially, but it has no impact financially," he said. "But it is what it is." This takes the total number of A350XWB order cancellations to about 150. But, even after the Emirates' cancellation, the A350XWB still has an order backlog of 742, from 38 customers.

"There's certainly going to be no hole in production," he assured. Emirates' first A350 delivery was only scheduled for five years from now. "It's never good news when someone cancels an order, but I don't think it will have an impact at all."

Within hours of the announcement of the cancellation, other airlines had made preliminary enquiries with Airbus about taking over the Emirates' aircraft production slots. Leahy also pointed out that the competitor Boeing's new generation 787 had suffered from a higher rate of contract cancellations without that programme being adversely affected.

"There is a very big market [for the A350XWB] going forward," he noted. The new generation aircraft, largely made from composite materials, is scheduled to enter service before the end of this year.

Keith Campbell is attending the Airbus Innovation Days in Toulouse, France, as a guest of the company.

Edited by Creamer Media Reporter

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