Paris: European aerospace giant Airbus said Thursday it would end production of the A380 superjumbo, the double-decker jet which earned plaudits from passengers but failed to win over enough airlines to justify its massive costs.
The firm said it would stop deliveries in 2021 of the A380, which has been in operation for more than a decade, after Dubai-based carrier Emirates reduced its total order of the model by 39 planes.
It marks an ignominious end to a bold bet on how millions of people would travel in the future, as airlines struggled to fill a plane capable of carrying anywhere from 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 orderbook from 162 to 123 aircraft,” Airbus said in a statement.
“As a consequence and given the lack of order backlog with other airlines, Airbus will cease deliveries of the A380 in 2021.”
Airbus had been forced to slow A380 production in recent years before warning in January 2018 that the programme could be scrapped if no new orders came in.
Just days after this announcement, the company appeared to get a lifeline with the latest Emirates deal, but last month Airbus admitted the airline might now be reconsidering.
In Thursday’s statement Airbus said it would deliver the last 14 A380s to Emirates over the next two years. Emirates’ decision means Airbus has ‘no substantial A380 backlog and hence no basis to sustain production, despite all our sales efforts with other airlines in recent years’, Airbus CEO Tom Enders was quoted in the statement as saying.
Airbus also posted Thursday its earnings for 2018, reporting a rise of 29 per cent in net profit to USD 3.4 billion.
The company also said it would deliver between 880 and 890 new commercial planes this year and added that it was allocating 436 million euros to the A400M military transport programme.
AFP