Airbus takes another hit....bigger one may be coming

Bad news is piling up for Airbus:

UPS cancels order for 10 Airbus A380 freighters
Scrapped order is latest blow for superjumbo jet
Updated: 36 minutes ago

PARIS - The Airbus superjumbo program suffered a major new setback Friday as UPS Inc. said it would cancel its order for 10 A380s, leaving the aircraft maker with an empty order book for the cargo version of its much-delayed flagship.

The move comes just a week after UPS, the world’s largest shipping carrier, and Airbus announced a revised agreement that gave either party the right to terminate the order.

In a statement, Atlanta-based UPS said it decided to cancel after it learned Airbus was diverting employees from the freighter program to work on its passenger plane program.

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