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2/14, 6:52 AM (Source: TeleTrader.com)
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Airbus to stop A380 production, last delivery in 2021

Airbus SE officially announced in a press release on Thursday that it will cease production of its A380 superjumbo and deliver the last airplane by 2021 after Emirates Airline reviewed and subsequently reduced its order backlog.

Earlier reports had indicated that Emirates was considering scaling its A380 order down from the current 53 to around 20 and taking a mixture of the more fuel-efficient twin-engine A330 and A350 airplanes as the remainder. Airbus confirmed this in the press release, stating that the airline ordered only 14 more A380s in addition to 40 A330-900 and 30 A350-900 airplanes in a deal worth around $21.4 billion. The reduction, combined with the lack of demand from other airlines, compelled Airbus to discontinue production of the world's largest-ever passenger airplane and announce that the last delivery would be in 2021.

"The A380 is not only an outstanding engineering and industrial achievement. Passengers all over the world love to fly on this great aircraft. Hence today’s announcement is painful for us and the A380 communities worldwide. 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," Airbus CEO Tom Enders remarked.

Breaking the News / DZ