TUI Cancels Part Of Order For 23 787s

"Europe’s largest tourism group, TUI Travel, yesterday canceled orders for 10 Boeing 787s. The aircraft were part of a larger order for 23 787s. According to the new agreement with Boeing, TUI will continue to have 13 aircraft on firm order while it now adds purchase rights for 13 additional 787s. The decision means Boeing now has lost orders for 83 787s as a result of development and production delays, as well as the economic downturn. Last month, Air Berlin indicated it is looking at canceling its order for 25 787s, but it has not made a firm decision yet. TUI did not specifically say why it canceled the 10 787s, saying only that the move “optimizes the flexibility around our long-haul capacity.” It expects to receive delivery of the first 787 aircraft in early 2012." Aviation Week