Dubai May Defer, Cancel $29 Billion of Airbus, Boeing Jet Orders, WSJ Says - Bloomberg

Dubai Aerospace Enterprise may defer or cancel $29 billion of orders for 200 aircraft, divided equally between Airbus SAS and Boeing Co., the Wall Street Journal reported, citing unidentified people familiar with the matter.

As an alternative, the state-controlled Dubai aircraft-leasing company may try to switch the orders to Emirates Airline and FlyDubai, the newspaper said.

The cancelation threat stems from Dubai’s parlous financial state, the Journal said, adding that Dubai Aerospace, Airbus and Boeing all declined to comment.