$BA Loses an $8.5 Billion Order From Qantas

“SYDNEY—Australia’s flag carrier Qantas Airways Ltd. QAN.AU +2.56% reported its first annual loss in almost two decades Thursday and canceled orders for 35 Boeing Co.BA -0.65% fuel-efficient aircraft with a list price of $8.5 billion in a bid to save money.

The biggest ever 787 order cancellation is a further blow to the U.S. aircraft manufacturer, following lengthy delays bringing the Dreamliner, a twin-engine super-light model, up to standard. Boeing last year delivered the first 787 to Japan’sAll Nippon Airways Co., 9202.TO 0.00%more than three years behind the original delivery schedule.”

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