1. QUOTE from:
    Airbus Dealt Blow as South Africa Spikes Military Order After Costs Soared
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    European Aeronautic, Defence & Space Co. , Airbus’s parent company, fell as much as 23 cents, or 1.7 percent, to 12.98 euros and traded at 13.16 euros as of 14:02 p.m. in Paris, giving the company a market value of 10.7 billion euros. "Airbus Military is surprised by the announcement of the Government of South Africa to cancel the order" the company said in a release. Full Article at Bloomberg.com
    Airbus Military is surprised by the announcement of the Government of South Africa to cancel the order
    SOURCE: Bloomberg.com 3 weeks ago
All quotes from:
Airbus Dealt Blow as South Africa Spikes Military Order After Costs Soared
  1. It very much regrets such an announcement, especially at a time where the program is making very good progress towards first flight before the end of the year.
    SOURCE: Bloomberg.com 3 weeks ago
  2. The termination is due to extensive cost escalation and the supplier’s failure to deliver the aircraft within the stipulated timeframe
    SOURCE: Bloomberg.com 3 weeks ago

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