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DAE Capital cancels 30 Airbus orders

DAE Capital the leasing unit of has Dubai Aerospace Enterprise has announced another round of aircraft order cancellations, this time for 18 A320s and 12 A350-900s. The company has already cut 47 Airbus and Boeing aircraft from the orders it made for more than 200 aircraft in 2007. The leasing unit also reportedly cancelled orders for 32 B737s last month.

Shares in leasing companies were mixed, with AirCastle and AerCap up strongly and most other lessors trading lower on Thursday.

Selected Lessors daily share price movements (% change): 03-Mar-2011