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Old 11-09-2006, 11:08 AM
  #64  
KnightFlyer
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What I'm wondering about is the bold paragraph below...
What is the 'cancellation zone'? Cancellation by who, Airbus or the order holder?

News
EADS to Affirm Orders on Fears Of Cancellations

European Aeronautic Defence & Space Co. said some orders for the cargo version of its delayed Airbus A380 superjumbo jetliner have to be reconfirmed and still could be canceled.
The statement by the Franco-German aerospace company and Airbus parent follows FedEx Corp.'s cancellation Tuesday of its orders for 10 A380 freighters, the first such move since Airbus disclosed delays to the program this past summer. The troubles at Airbus, along with the weak U.S. dollar compared to the euro, contributed to a third-quarter net loss for EADS.

EADS Chief Financial Officer Hans Peter Ring said yesterday that Airbus's 15 remaining orders for the freighter version of the A380 -- 10 from United Parcel Service Inc. and five from International Lease Finance Corp., a unit of American International Group Inc. -- would have to be "reconfirmed." He cautioned that some of these orders are in the "cancellation zone."
Airbus. Not worth doing a Freighter version if there are only a handful of real orders.
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