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Originally published Thursday, March 3, 2011 at 5:39 PM

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Middle East airline cuts four 787 orders

The large Abu Dhabi-based airline Etihad canceled orders for four Boeing 787 Dreamliners in February.

Seattle Times aerospace reporter

A large Middle Eastern airline, Etihad of Abu Dhabi in the United Arab Emirates, canceled orders for four Boeing 787 Dreamliners in February.

Etihad still has 31 Dreamliners on order.

The cancelation is revealed by comparing Thursday's update of the Boeing orders Web site with last month's data. The comparison also reveals that Air Berlin of Germany canceled two 737 orders in February.

Boeing's orders update also shows that in the last week of February, it won new orders for ten 777 jets worth approximately $1.5 billion after typical discounts. It had two canceled 737 orders.

Boeing said Brazilian airline TAM ordered two of the ten 777s. TAM also revealed a previously unidentified order for two 777s booked in 2008. Boeing did not identify which customer or customers took the remaining eight 777s.

At list prices, the total value of the latest orders is about $2.7 billion. The purchase value after discounts is estimated using data provided by aicraft valuation firm Avitas.

With 55 new orders and 38 cancelations two months into the year, Boeing's net order tally now stands at 17 jets.

Rival Airbus had a net loss of three orders for the same period, following the cancelation of 30 airplanes by the aircraft leasing unit of Dubai Aerospace Enterprises (DAE).

On Monday, DAE canceled orders for a dozen A350 widebody jets and 18 narrowbody A320s.

DAE in 2007 ordered 100 Boeing jets and 100 Airbus jets. Since 2009, when the Dubai real estate bubble burst and hammered its financial sector, DAE has in stages slashed those orders down to 53 for Boeing and 45 for Airbus.

Dominic Gates: 206-464-2963 or dgates@seattletimes.com

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