European aviation giant Airbus says it will stop making its superjumbo A380 in 2021 after struggling to sell the world's biggest passenger jet. However, the company still announced a significant rise in profits for 2018.
European aircraft manufacturer Airbus on Thursday announced it will end production of the A380 double-decker passenger jet in 2021.
The Franco-German company had hoped the superjumbo would challenge Boeing's 747 and revolutionize air travel in the 21st century.
What's behind the move?
* The decision came after Emirates reduced its order of the model from 162 to 123 aircraft.
* The company said it had "no substantial A380 backlog and hence no basis to sustain production."
* Airbus had warned in January that it would stop making the plane if no new orders came in.