UPS cancels A380 freighter in new blow for Airbus
Troubled Airbus suffered its second blow in a week on Friday when the last customer for the freight version of its A380 superjumbo
dropped the aircraft maker, days after it announced it was cutting 10,000 jobs.
The U.S. express companies were the sole industrial buyers of the superfreighter, which Airbus had hoped would break the Boeing 747's dominance of
inter-continental airborne cargo.
But like other buyers, they were angered by delays that pushed the ambitious A380 project back two years.
The cancellaion was unexpected after UPS reached agreement with Airbus last week to delay taking deliveries of its 10 aircraft beyond 2010, while it
reviewed its purchases.
But all that changed when EADS and Airbus confirmed a news leak that Airbus would temporarily stop work on the cargo version of the world's largest
airliner amid a major restructuring.
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