Airbus Cancels A350 Aircraft Contract With Qatar Airways: Reuters - AIRBUS SE ORD by Airbus SE (OTC:EADSF), AIRBUS SE UNSP/ADR by Airbus SE (OTC:EADSY)

In a stunning turn in a dispute threatening World Cup preparations, Airbus SE EADSY has canceled all of Qatar Airways' outstanding orders for A350 aircraft, cutting off all future jetliner business with the Gulf carrier, reported Reuters, citing industry sources.
Six months ago, Airbus also terminated the entire deal for 50 A321neo aircraft in retribution for Qatar's refusal to accept A350 deliveries.
After having nearly half of its A350 aircraft grounded due to premature surface damage, Qatar Airways filed a lawsuit against Airbus for at least $1.4 billion.
The scarred condition of more than 20 long-haul jets, which the airline claims could pose a risk to passengers but which Airbus believes are fully safe, has been the subject of a rare public spat between the two aviation giants for months.
Airbus has admitted quality issues with the aircraft, supported by European regulators, but has refuted any safety danger from holes in the protective sub-layer, claiming there is a sufficient backup.
The report added that Airbus told the airline it is striking the rest of the A350 deal from its books.
Price Action: EADSY shares closed higher by 1.94% at $26.48 on Wednesday.
Photo Via Wikimedia Commons