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Oct 15, 2012
Airbus scraps production of A380 superjumbo

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.


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