Airbus to scrap production of A380 superjumbo

LEADING BUYER 'DISAPPOINTED'

Emirates, which had built its global brand around the A380 and Boeing 777 and which also has 100 of the Airbus superjumbos in its fleet, said it was disappointed by the closure.

"Emirates has been a staunch supporter of the A380 since its very inception," said Emirates Chairman Sheikh Ahmed bin Saeed al-Maktoum.

"While we are disappointed to have to give up our order, and sad that the programme could not be sustained, we accept that this is the reality of the situation," he added.

The A380 will remain a pillar of the Emirates fleet well into the 2030s, stated the airline.

Emirates' local rival Etihad of Abu Dhabi also disclosed it was cutting some Airbus and Boeing jet orders, highlighting growing questions over the growth of Gulf airlines.

Making its maiden flight in 2005, the A380 was a major step in Airbus's efforts to compete on equal terms with Boeing and challenge what had been a cash cow for its arch-rival.

But sales of the industry's largest four-engined jets have fallen due to improvements in lighter twin-engined alternatives, such as the Boeing 787 and 777 or Airbus's own A350.

The prospect of a premature halt to A380 production emerged last month as part of a restructuring of orders first reported by Reuters.

On Wednesday, Reuters reported that Airbus was poised to axe the superjumbo and would likely give an update coinciding with results due on Thursday morning.

The decision to scrap production is the last major step by outgoing Airbus Chief Executive Tom Enders.

Reuters