Airbus has blamed weak gross sales for its resolution to scrap manufacturing of the A380 superjumbo – the world’s largest airliner.
The European aerospace big confirmed on Thursday it could ship the ultimate plane, with its two decks of cabins and room for 544 passengers, in 2021.
Following months of hypothesis over the airplane’s future, Airbus mentioned it had taken the choice after Emirates scaled again an order for A380s – selecting as an alternative to concentrate on smaller planes.
Airbus chief govt Tom Enders mentioned: “On account of this resolution we have now no substantial A380 backlog and therefore no foundation to maintain manufacturing, regardless of all our gross sales efforts with different airways lately.
“This results in the tip of A380 deliveries in 2021. The results of this resolution are largely embedded in our 2018 full yr outcomes.”
They confirmed losses of £788m from the A380 programme and vastly delayed A400M navy transporter airplane placing a dent in earnings.
Nonetheless, Airbus mentioned it made £2.7bn in general internet earnings – a leap of 29% on the earlier yr.
The corporate mentioned it deliberate talks with unions over the potential for hurt to as much as three,500 jobs related to the superjumbo, which is assembled in France.
It’s unlikely the agency’s operations within the UK, which employs 14,000 employees and the place all its wing meeting takes place, might be badly affected although Mr Enders warned final month it may transfer operations overseas within the occasion of laborious Brexit “insanity”.
The corporate later admitted to Sky Information that Downing Road had requested it to clarify the affect of a no deal situation.
The A380 was first launched 14 years in the past as a challenger to fierce rival Boeing’s 747 jumbo jet however its reputation has struggled to take off.
Emirates mentioned it was “disillusioned” to surrender its order – citing new airplane and engine expertise – leaving simply 14 superjumbos within the manufacturing pipeline for the Center East provider because it opted to choose up a complete of 70 of the smaller A350 and A330neo fashions as an alternative.
Only one different airline has A380s on order, with Japan’s ANA on account of have three delivered.