Delta Reviewing $14 Billion Wide-Body Jet Deal in Blow to Airbus

Bloomberg ------- Delta Air Lines Inc. is reviewing its wide-body jet orders amid signs that the long-range travel market is saturated, Chief Executive Officer Ed Bastian said Wednesday. The move is a setback for Airbus SE, which landed a $14 billion deal with Delta in 2014 after out-dueling Boeing Co., the carrier’s longtime aircraft supplier. Delta has no twin-aisle orders pending with Boeing, according to the U.S. planemaker’s online database. The prospect that Delta could postpone or cancel deliveries heightens concerns that a glutted market is sapping sales of twin-aisle jets. The Atlanta-based carrier is planning to take the first of its Airbus A350s later this year to replace the Boeing 747 jumbos that once shuttled its passengers to Asia and Europe. The airline is also a customer for Airbus’s A330neo, an upgraded model slated to take its first flight this year. To learn more click on the picture below to read the article.