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Airbus cancels Skymark's $1.7B A380 order

  • Airbus (OTCPK:EADSY) has cancelled a $1.7B order from Japan's Skymark Airlines (OTC:SKALF) after the latter requested the order be terminated as it struggles with tougher competition and a weaker yen.
  • The 2011 deal with Skymark was a breakthrough for Airbus, which has made great efforts to win orders for big planes in the Japanese market.
  • "Airbus terminated the contract when Skymark made it clear that it was not going to perform its contractual obligations," an Airbus spokesperson said in an email.
  • OTCPK:EADSY -0.2 AH
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Comments (2)
  • Shaduc
    , contributor
    Comments (1836) | Send Message
     
    Wonder what the penalty for cancellation is?
    29 Jul 2014, 09:31 AM Reply Like
  • sddd
    , contributor
    Comments (206) | Send Message
     
    I'm more amused by the phrasing used- "Airbus cancels Skymark's... order".

     

    I guess they also canceled Emirates' a350 order, once Emirates made it clear it wasn't going to buy the planes...?
    5 Aug 2014, 07:34 PM Reply Like
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