Airbus SAS parent EADS NV (EPA : EAD) regretted to announce on Tuesday that Fedex (NYSE: FDX) had cancelled its 10-plane Airbus A380 order.\u00c2\u00a0 This news hit the stock hard after Tuesday’s close but the stock seemed to rebound back to its weekly average by Wednesday morning over in Europe.\u00c2\u00a0 It looked particularily bad at one point when the stock was down to 20.42 per share.\u00c2\u00a0 As of now, the stock is trading around 21.24 and up on the day.\u00c2\u00a0 After the cancellation, Airbus still has orders for 15 more cargo versions of the A380.\u00c2\u00a0\u00c2\u00a0 With this delay there has been some concern that more cancellations will follow.
\nThe cancellation was brought on by “significant” delays, being blamed on persistent manufacuring problems.\u00c2\u00a0 In order to fulfill their aircraft demands, Fedex has decided to go with Airbus rival manufacuter’s Boeing (NYSE : BA) 777 Freighter plane.\u00c2\u00a0 They put in an order for 15 planes with an option for another 15.\u00c2\u00a0 This is big news for Boeing who seems to continue to gain orders as people leave Airbus’s Superjumbo behind.<\/p>\n","protected":false},"excerpt":{"rendered":"
Airbus SAS parent EADS NV (EPA : EAD) regretted to announce on Tuesday that Fedex (NYSE: FDX) had cancelled its 10-plane Airbus A380 order.\u00c2\u00a0 This news hit the stock hard after Tuesday’s close but the stock seemed to rebound back to its weekly average by Wednesday morning over in Europe.\u00c2\u00a0 It looked particularily bad at … Continue reading Fedex Cancels Airbus A380 Order<\/span>