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Airbus, Rolls-Royce out of Emirates 70 plane order

Jun. 11, 2014 3:46 AM ETAirbus SE (EADSF) StockEADSY, EADSF, RYCEYBy: Yoel Minkoff, SA News Editor2 Comments
  • Airbus (OTCPK:EADSF) has received a major blow after Dubai's Emirates airline cancelled its entire purchase of 70 Airbus A350 jets. The cancellation also stung engine maker Rolls-Royce (OTCPK:RYCEY), the sole engine maker for the A350.
  • The deal, which closed in 2007, was worth around $16B ($22B based on the current price catalog). Rolls-Royce commented that the cancellation will result in a £2.6B ($4.4B) loss from its order book.

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