Airbus is giving up on the A380
6 years, 1 month ago

Airbus is giving up on the A380

CNN  

London CNN Business — Airbus will stop making the A380, pulling the plug on its iconic superjumbo jet that once promised to revolutionize commercial air travel but failed to deliver on outsized expectations. “It’s a painful decision,” Airbus CEO Tom Enders said during a conference call with analysts. “With the decision of Emirates to reduce orders, our order backlog is not sufficient to sustain production.” The decision could hit as many as 3,500 jobs at the manufacturer, whose operations span four major European countries, over the next three years. “But keep in mind that A380s will still roam the skies for many years to come and Airbus will of course continue to fully support the A380 operators.” Shares in Airbus surged 5% on Thursday after it reported its 2018 earnings and the A380 news. JUSTIN TALLIS/AFP/Getty Images End of a legend Emirates had kept the A380 program on life support early last year by placing a big order for the aircraft.

History of this topic

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