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Airbus Books Slew of Lost Orders While Deliveries Lag Output

  • Norwegian Air cancels 88-plane deal as it shrinks operations
  • Handovers below build rates, fueling concern around ramp up

Photographer: Fabrice Dimier/Bloomberg

Updated on

Airbus SE suffered a surge in order cancellations last month as Norwegian Air Shuttle ASA scrapped narrow-body jet purchases and a wave of coronavirus lockdowns pushed back expectations for a revival in air travel.

The European planemaker lost 92 commitments in February, it said in a statement Friday, 88 of them from the Scandinavian discounter, which is seeking to restructure under bankruptcy protection. The manufacturer suffered only 115 lost orders in the whole of 2020.