FedEx Corp. canceled its order for 10 Airbus A380 freighters and ordered Boeing planes instead, dealing a new blow to the European aircraft maker whose flagship double-decker jet has been hit by costly delays.

The U.S.-based delivery company on Tuesday announced an order for 15 Boeing Co. 777 freighters worth US$3.5 billion at catalog prices, blaming the A380 holdups for its decision -- the first cancellation for the program, now two years behind schedule.

Shares of Airbus parent European Aeronautic Defence and Space Co. dipped sharply to end 3.1 percent lower at euro20.66 (US$26.24) in Paris. Boeing's stock rose 3.9 percent to US$83.60 (euro65.82) in New York.

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