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Friday, March 31, 2006

Important (And Good) Economic News

The Emirates delay taking delivery of Airbus orders:
Emirates, the biggest Arab airline, delayed a $4.2 billion Airbus order for 20 planes to give the European aircraft maker time to develop a better version of the jet, which is losing sales to Boeing's 777.

"They're delaying the planes for a few years," John Leahy, Airbus chief commercial officer, said in an interview Thursday at company headquarters in Toulouse, France.

Emirates President Tim Clark "deferred the order until the manufacturer comes back with clearer plans about an enhanced version of the plane," said an Emirates spokeswoman, who declined to be identified.


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