Hong Kong Airlines is considering cancelling a USD 3.8 billion order for ten Airbus A380 superjumbos amid ongoing Chinese government’s protests against the European Union (EU) Emissions Trading Scheme tax (EU ETS). "There are no firm decisions at this point. It will depend on how the business and the external environment evolves in the future," a Hong
Kong Airlines spokesman was quoted as
saying in a AFP report. Cancellation of the order would be a blow to Europe's Airbus and its parent company, EADS, following the discovery of cracks in the wings of several of the A380s. EADS said that it is being hurt by a row between Brussels and Beijing over a European carbon tax. Airlines flying to, from or within the EU are required to monitor CO2 emissions for entire journeys and, if necessary, pay for exceeding their carbon allowances. China has blocked purchases of Airbus long-haul jets by Chinese companies in retaliation to the tax, EADS said.
Click here to see the original article>saying in a AFP report. Cancellation of the order would be a blow to Europe's Airbus and its parent company, EADS, following the discovery of cracks in the wings of several of the A380s. EADS said that it is being hurt by a row between Brussels and Beijing over a European carbon tax. Airlines flying to, from or within the EU are required to monitor CO2 emissions for entire journeys and, if necessary, pay for exceeding their carbon allowances. China has blocked purchases of Airbus long-haul jets by Chinese companies in retaliation to the tax, EADS said.