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Airbus hit by jet cancellations as A380 shutdown looms

Airbus on Thursday reported the cancellation of orders worth $4 billion, dominated by 8 A380 aircraft, highlighting an increasingly bleak picture for the world’s largest airliner as preparations to close production gather pace amid weak demand. Confirming its earlier signals, Australia’s Qantas said it would not take any more of the giant planes and would stick at a fleet of 12 instead of 20 originally ordered. Reuters

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