FedEx cancels Airbus order, switches to Boeing

MSNBC ^ | 7 Nov 2006 | AP

[Spktyr]

PARIS - FedEx Corp. canceled its order for 10 Airbus A380 jets on Tuesday, the first customer to retract an order for the new jumbo double-decker plane that has been dogged by numerous delays.

The world’s largest express transportation company cited Airbus’ production delays and said in a statement that its FedEx Express unit has ordered 15 Boeing Co. 777 freighters with a list price of $3.5 billion and taken options on an additional 15.

[Spktyr]

More info at the link. Additionally, those suppliers that Emirates bailed out last week? Yeah, um, Airbus just fired 2500 of them and reduced the number of A380 suppliers to 500 from 3000. That can't have gone over well with Emirates.

[pissant]

Bummer. The BIg B is flying high.

[rom]

Excellent. Socialists just cannot compete.

[perfect_rovian_storm]

They had it with France and wanted to switch to some real socialists like people that elect Nancy Pelosi speaker of the house...I know, I would too...lol

[The_Republican]

Damn!

Boeing stock at 50 was a steal....