RYCEY - Emirates Reportedly Defers Airbus A350 Deal Citing Engine Durability Concerns Amid Boeing Triumph | Benzinga

Airbus SE (OTC: EADSY) (OTC: EADSF) reportedly faced a setback from Emirates at the Dubai Airshow, where the UAE-based airline reportedly ruled out an immediate contract to purchase Airbus A350-1000 jets on Tuesday, accusing a dispute with engine maker Rolls Royce Holdings (OTC: RYCEY) (OTC: RYCEF) over the durability of its engines and leaving the European planemaker without a significant showcase order.

Tim Clark, president of Emirates, commented on the efficiency of the A350-1000's engine a day after announcing a $50 billion order for Boeing Company (NYSE: BA) 777X jets, according to a news report by Reuters. Clark noted that the engine's maintenance interval "falls short," providing only a quarter of the duration required by Emirates' operational standards.

Also Read: Full story available on Benzinga.com