Airbus halts deliveries of 12 A380s to Emirates Airline
"Airbus re-confirms the target to deliver around 12 A380s per year from 2018 as announced earlier in July 2016. Further fixed cost reduction initiatives will be accelerated so the impact on break-even in 2017 is minimal," the company said.
Emirates Airline had said in November it was having some unspecified technical issues with Rolls-Royce) engines for A380 jets.
Airbus, which earlier this month announced a deal to sell 100 jets to IranAir, reported in October lower-than-expected third quarter profits, although it broadly maintained its full-year financial forecasts. ■
What to read next
More inside POST
Forget today, work for tomorrow Leadership