Australian flagship carrier Qantas Airways Ltd. says it delaying delivery of two Airbus A380 planes to curb costs.
The airline said Friday it would not take delivery of the A380s as scheduled in 2013. That would help it cut capital expenditure by $400 million.
Instead, the double-decker superjumbos will arrive during the 2016-17 fiscal year.
Qantas in February deferred for six months the delivery of the first of 50 Boeing 787 Dreamliners it had ordered. That was part of a $700 million capital expenditure reduction. The planes are now due to arrive in mid-2013.
The announcement comes as rival Virgin Australia prepares to bring three wide-bodied Airbus A330s into its fleet by the end of 2012.
- The Major Trends in U.S. Income Inequality Since 1947
Saturday night's #GOPDebate brought to you by the word 'liar'
What the heck is going on in the Maryland Senate race?
New Jersey Man Slays Child | Human Events
The Craziest GOP Debate of The Cycle: Trump Defends Planned Parenthood, Cruz and Rubio Spar, Audience Boos
Is Titanium Bulletproof?
Winners and Losers from Tonight’s CBS GOP Debate | RedState