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Airbus ready to phase out A380 if fails to win Emirates deal: sources [View all]
Source: Reuters
#BUSINESS NEWS DECEMBER 27, 2017 / 8:35 AM / UPDATED 7 MINUTES AGO
Airbus ready to phase out A380 if fails to win Emirates deal: sources
Tim Hepher
4 MIN READ
PARIS (Reuters) - Airbus is drawing up contingency plans to phase out production of the world’s largest jetliner, the A380 superjumbo, if it fails to win a key order from Dubai’s Emirates, three people familiar with the matter said.
The moment of truth for the slow-selling airliner looms after just 10 years in service and leaves one of Europe’s most visible international symbols hanging by a thread, despite a major airline investment in new cabins unveiled this month.
“If there is no Emirates deal, Airbus will start the process of ending A380 production,” a person briefed on the plans said. A supplier added such a move was logical due to weak demand.
Airbus and Emirates declined to comment. Airbus also declined to say how many people work on the project.
Any shutdown is expected to be gradual, allowing Airbus to produce orders it has in hand, mainly from Emirates.
-snip-
Airbus ready to phase out A380 if fails to win Emirates deal: sources
Tim Hepher
4 MIN READ
PARIS (Reuters) - Airbus is drawing up contingency plans to phase out production of the world’s largest jetliner, the A380 superjumbo, if it fails to win a key order from Dubai’s Emirates, three people familiar with the matter said.
The moment of truth for the slow-selling airliner looms after just 10 years in service and leaves one of Europe’s most visible international symbols hanging by a thread, despite a major airline investment in new cabins unveiled this month.
“If there is no Emirates deal, Airbus will start the process of ending A380 production,” a person briefed on the plans said. A supplier added such a move was logical due to weak demand.
Airbus and Emirates declined to comment. Airbus also declined to say how many people work on the project.
Any shutdown is expected to be gradual, allowing Airbus to produce orders it has in hand, mainly from Emirates.
-snip-
Read more: https://www.reuters.com/article/us-airbus-a380/airbus-ready-to-phase-out-a380-if-fails-to-win-emirates-deal-sources-idUSKBN1EL11L
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