Airbus Pulls Plug On Costly A380 Superjumbo, Deliveries To Stop In 2021

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Paris:Production of the A380 superjumbo, the double-deck jet must cease.
The transfer occurs due to the lack of pending orders with other airlines: Airbus
Deliver the last 14 A380s to Emirates in the next two years: Airbus.

The company said it would stop deliveries in 2021 of the A380, which has been in operation for more than a decade, after Dubai-based Emirates reduced its total order for the model by 39 aircraft.

This marks an ignominious end to a bold bet on how millions of people would travel in the future, as airlines struggled to fill an aircraft capable of transporting 500 to 850 people.

“Following a review of its operations, and in light of developments in aircraft and engine technologies, Emirates is reducing its A380 order book from 162 to 123 aircraft,” Airbus said in a statement.

“As a consequence, and given the lack of pending orders with other airlines, Airbus will cease deliveries of the A380 in 2021.”

Airbus had been forced to slow down production of the A380 in recent years, before warning in January 2018 that the program could be scrapped if new orders did not arrive.

Just a few days after this announcement, the company seemed to get a life preserver with the latest Emirates deal, but last month Airbus admitted that the airline may now be reconsidering.

In Thursday’s statement, Airbus said it would deliver the last 14 A380s to Emirates in the next two years, adding that the airline had ordered 70 smaller aircraft from the manufacturer.

The Emirates decision means that Airbus “does not have a significant accumulation of A380 and, therefore, has no basis to sustain production, despite all our sales efforts with other airlines in recent years,” the president said. Airbus executive, Tom Enders.

Airbus also posted its earnings for 2018 on Thursday, reporting a 29 percent increase in net profits to 3 billion euros ($ 3.4 billion).

The company said it would deliver between 880 and 890 new commercial aircraft this year, adding that it will allocate 436 million euros to the A400M military transport program.