DAE in talks about potential cancellations

US aircraft manufacturer Boeing Co is in talks with Dubai Aerospace Enterprise (DAE) about whether the lessor plans to cancel orders, after it scrapped plans to buy planes from Airbus. A spokeswoman for Boeing said the two sides are talking, but that no cancellations have been made and that it isn't expecting any. DAE still has 56 Boeing aircraft due for delivery between 2012 and 2018, including 35 737NGs, 15 747s and six 777s, according to aviation consultants Ascend Worldwide. DAE couldn't be reached for comment. Concern Article continues below Boeing's concern was raised after Airbus, which is a unit of European Aeronautic Defence & Space Co, confirmed cancellations. A spokesman for Airbus said DAE had cancelled orders for 34 A320 and 11 A350 aircraft, valued at a total of $5.8 billion (Dh21.20 billion) at catalogue prices. Ascend Worldwide's head of risk advisory Paul Sheridan said the cancellation didn't come as a huge surprise. DAE was set up in 2006 with the aim of becoming one of the world's biggest aeroplane lessors. It has aircraft assets in excess of $2 billion and counts Virgin Australia, Wizz Air, easyJet, Emirates and Kingfisher Airlines among its customers.