Published Date:
06 January 2009
RUMOUR OF THE DAY
ALL Nippon Airways, Japan's second-biggest airline, will scrap plans to buy the Airbus A380 as it and bigger rival Japan Airlines slash spending, it was reported yesterday.
The global economic downturn has been hitting airlines as fewer people travel for business and holidays, forcing carriers to review capital spending and ditch less-profitable routes.
Japan's Yomiuri newspaper, without citing sources, reported that ANA would cut capital spending by ¥100 billion (£743 million) to ¥200bn from a planned ¥900bn in the four years to March 2012.
ANA, which has been considering adding the Airbus A380 and other planes to its fleet from 2012, said that while it had postponed choosing new aircraft, it had not cancelled its plans.
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Last Updated:
05 January 2009 8:33 PM
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Source:
The Scotsman
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Location:
Edinburgh
