Germany's Air Berlin has cancelled an order for 33 Boeing jetliners worth a total of up to $5 billion at list prices, a setback for the U.S. aerospace giant.
The cancellation culls 18 B737 jetliners and 15 B787 Dreamliners from Boeing's backlog. Air Berlin said in a statement Friday that its cancellation doesn't require it to make any compensation payments to the plane maker.
Germany's second biggest airline said it would "adapt the existing fleet to its needs" by leasing or buying jets "although at a lower number of aircraft than initially envisaged."