European plane manufacturer Airbus said on Thursday it will stop making its superjumbo A380 in 2021 for lack of customers, abandoning the world’s biggest passenger jet and one of the aviation industry’s most ambitious and most troubled endeavours.
Barely a decade after the 500-plus-seat plane started carrying passengers, Airbus said in a statement that key client Emirates is cutting back its orders for the plane, and as a result, “we have no substantial A380 backlog and hence no basis to sustain production”.
The decision could hurt up to 3,500 jobs and already cost the plane maker 463 million euros (about $523 million) in losses in 2018, Airbus said. The company, a European economic powerhouse, is also girding for serious disruption to its cross-continental manufacturing from a likely chaotic British exit from the EU next month.
