Dubai Aerospace Cancels Order for 35 Boeing 737

Reuters15.07.2011 UAE
Dubai Aerospace Cancels Order for 35 Boeing 737

Dubai Aerospace Cancels Order for 35 Boeing 737

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Leasing company Dubai Aerospace Industries has cancelled an order for 35 Boeing 737 narrow-bodies, the plane maker said in its weekly order book update.

The planes are valued at $2.8 billion, according to Boeing's list prices.

Dubai Aerospace, which last week cleared out its remaining orders worth $5.8 billion for planes from EADS unit Airbus, still has its orders for fifteen 747s and six 777s. Boeing declined to comment on the remaining orders.    

Boeing also took orders for one 737 and one 747 in the latest week.

Formed in 2006, Dubai Aerospace had already cancelled Airbus orders worth $4.7 billion as well as a pile of Boeing orders in March and entered negotiations with both plane makers about the rest of its orders.

The company ordered more than 200 aircraft during the market heyday in 2007. Prospects dimmed, however, as the global financial crisis engulfed Dubai. Last year it was reported to have ceded some of its orders to Emirates Airline.

 

Source: Reuters

 



 
 

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