Airbus revealed Friday that it had 12 order cancellations in January while booking just four orders, and ILFC Chairman and CEO Steven Udvar-Hazy projected that both Airbus and Boeing will cut production over the next two years by as much as 30%-35%. Airbus currently plans to produce close to 500 aircraft this year, while Boeing's target is 480-485 units. Turkish Airlines ordered four A321s in January, but Airbus reported cancellations during the month for three A318s, two A319s, three A320s ...

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