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Qantas\u00a0Airways announced to cancel its order of 35 Boeing 787 Dreamliners, which had been reckoned to be placed prematurely owing to the economic uncertainty currently prevailing in the airline industry.The cancellation will have a massive impact on Boeing\u2019s Dreamliner project, which has already absorbed $14 billion to initiate.<\/p>\n
The announcement was made following the declaration of the airline ending the current year in a net financial loss of $257 million. The airline has pointed out primordial concerns which led to the decision, which included price hikes for fuel, disputes of its employee base and intense competition it had to face in its domestic routes. The face value of savings from the order cancellation alone amount to $8.5 billion, an estimate which is bound to decrease after discounts are brought under focus.<\/p>\n