Tony Avelar / AP Images for Emirates
European Aerospace behemoth Airbus has announced that it will stop building its A380 superjumbo jet after the plane's largest customer, Dubai-based Emirates Airline, cut its order with 39 aircraft.
Airbus has "no reason to maintain production, despite all our sales efforts with other airlines in recent years," said CEO Tom Enders in a statement Thursday, adding: "Today's announcement is painful." it will deliver its final A380 to Emirates in 2021.
Having invested billions in the A380, Europe's largest airline had hoped to take over its biggest competitor, the Boeings 747 jet. Airbus had once positioned itself as a luxury airplane with enough amenities to compete with the world's seven wonders, as it was advertised in a commercial ad. Some carriers included showers, lounges and duty-free shops as well as bars on both decks of the A380.
After a stronger than expected start, Airbus fought to sell a plane $ 446 million capable of placing more than 800 passengers – the largest and most expensive commercial passenger airplane ever, and the first to have fun Most airlines preferred smaller aircraft that were more economical to operate.
While sad to see the end of the dual-deck A380 jet production, The Associated Press reported that "the long-distance carrier Emirates has beaten a deal valued at $ 21.4 billion with Airbus."
A380 "will remain a pillar of our fleet well into the 2030s, says chairman Sheikh Ahmed bin Saeed Al Maktoum in a statement. But in reducing his order, Emirates has chosen instead of some of Airbus's smaller offerings. Emirates followed Australia's Qantas, which canceled plans in the previous Weekly to buy eight of the planes, and Virgin Atlantic, who canceled its order in 2018.
Airbus predicted that it would sell 1200 of the superjumbo jets, CNN reports, instead selling 234. No US airline has ordered 1. While Emirates mainly flies long-haul international flights through its central hub in Dubai – and therefore needs a plane that can carry many passengers long distances – the trend today is to offer me s direct flights with smaller aircraft, Business Insider has explained.  Despite the company's decision to close its flagship A380 program on Thursday, Airbus announced stronger than expected fourth quarter, with an income of 11 percent over EUR 23 billion, according to Reuters.