Abandon Ship!!

To the lifeboats you fools; even the rats are long gone. Yee haw, go Boeing!!

Fedex has cancelled its order for Airbus aircraft and switched its order to rival Boeing instead. Fedex Express said it had cancelled its order for 10 Airbus A380-800F superjumbo because of delivery delays.

Instead it has ordered 15 Boeing 777 freighters - to be delivered between 2009 and 2011 - and has an option to take a further 10 aircraft.

Airbus said it regretted the decision but understood Fedex's "need to urgently address capacity issues". Shares in Airbus owner EADS closed more than 3% lower on the French stock exchange on the news.

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