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Airbus expects stable revenue despite order loss

First Published Jul 30 2014 11:18AM      Last Updated Jul 30 2014 11:18 am

Paris • European aerospace company Airbus says it expects its revenue to remain stable this year despite a big cancellation recently for some of its large A350 planes.

Airbus competes fiercely with Chicago-based Boeing Co. in the global market for large civilian aircraft. It took a hit in June when Emirates airline cancelled an order for 70 of the twin-aisle planes, opting for Boeing models instead.

Since then, however, Toulouse-based Airbus has announced a raft of new orders for its fuel-efficient A330neo.

In its earnings statement Wednesday, the company said revenue rose 7 percent in the second quarter from the previous year, to 14.6 billion euros ($19.5 billion). That helped boost its net income to $933 million from $712 million.



It expects deliveries to remain stable this year.

 

 

 

 

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