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Rolls Royce is set to lose out on £351m after Japan's Skymark Airlines cancelled an order for six Airbus A380 aircraft.
The Airbus planes were to be fitted with Rolls-Royce Trent 900 engines and the airline had also booked Rolls-Royce's follow-up servicing package – TotalCare – for the engines.
Rolls-Royce, in a statement, said that the cancellation has reduced its order book by £351m ($595m, €443m), or about 0.5% of its £71.4bn order book as of 31 December 2013.
In early June 2014, the British engine maker lost out on £2.6bn after Gulf-based Emirates cancelled an order for 70 Airbus A350s, after reviewing its fleet requirements.
Rolls Royce said that the move will wipe 3.5% from its order book, but added it was confident of filling the gap.
The aviation sector has enjoyed something of a renaissance over the past couple of years, with huge orders coming in from the Middle East and East Asia.
Earlier this year, VietJetAir (VJA)'s agreed to pay $9bn for 63 Airbus craft, inking a deal first thrashedout in Paris last September.
The package included $6.4bn of purchases as well as seven leased family aircraft worth $2.6bn.
Previously, the boom in demand had been driven by orders placed at Dubai Airshows editions, as regional airlines expanded their operations to accommodate Dubai's growing status as a transport hub and growing passenger volume.