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Dubai group cuts Dreamliner order.


Byline: Dubai

Dubai-based aircraft leasing firm LCAL LCAL Lake County Art League (Grayslake, IL)  has slashed slash  
v. slashed, slash·ing, slash·es

v.tr.
1. To cut or form by cutting with forceful sweeping strokes: slash a path through the underbrush.

2.
 its order for Boeing Company's 787 Dreamliner to five planes from 21, the US planemaker's regional spokesman said on Thursday.

'LCAL and Boeing have agreed to reduce the number of LCAL orders,' said Fakher Daghestani, Boeing's Middle East communications director.

'LCAL is preparing for tough challenges caused by the global recession,' he added, without giving details on when the remaining five planes would be delivered or the value of the deal.

Daghestani declined to say if other clients in the Middle East might also cancel orders cancel order

A customer order to a broker that cancels an earlier, unfilled order given by the customer.
.- Reuters Reuters

British cooperative news agency. Founded in 1851 by Paul Julius Reuter, it was initially concerned with commercial news but began to serve a growing newspaper clientele after the London Morning Advertiser subscribed in 1858.
 

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Publication:TradeArabia (Manama, Bahrain)
Date:Feb 5, 2009
Words:116
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