British engine maker Rolls Royce is set to lose £2.6bn after airline Emirates cancelled a £13bn order for 70 Airbus A350 aircraft, the manufacturer’s biggest-ever cancellation.
The aerospace manufacturer confirmed the cancellation of the order placed in 2007 after Emirates reviewed its fleet requirements. As a result of the cancellation of delivery which was set for 2019, Rolls Royce’s order book has sunk is set to shrink by £2.6bn, accounting for around 3.5% of total orders. In a statement, Rolls Royce,…
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