TOULOUSE, France, June 11 (UPI) -- Emirates announced Wednesday that it is canceling an order of 70 planes from European plane maker Airbus, opening the door for Boeing to get additional orders.
The cancellation deals a big blow to Airbus, which was scheduled to deliver 50 A350-900s and 20 of the larger A350-1000 model to the carrier. The 70 planes represented close to ten percent of Airbus' orders for 2014, resulting in its share price falling almost four percent.