Re: Arabs are skint
Arabs are skint
Originally Posted by
marmaduke
->
Airbus says A380 superjumbo production will end
http://www.bbc.co.uk/news/business-47231504
European aircraft manufacturer Airbus has said it will stop making its A380 "superjumbo", the world's largest passenger aircraft.
In a statement on Thursday, the firm said it would end deliveries of the aircraft in 2021.
The decision comes after Emirates, the largest customer of the A380, reduced its order.
The A380 faced fierce competition from smaller, more efficient aircraft and has never made a profit.
The A380's future had been in doubt for several years as orders dwindled. But in a statement on Thursday, Airbus said the "painful" decision to end production was made after Emirates reduced its latest order. The Dubai-based airline is cutting its overall A380 fleet size from 162 to 123.
Emirates said it would take delivery of 14 further A380s over the next two years, but
has also ordered 70 of Airbus' smaller A330 and A350 models.
An A350 costs over £350m, an A330 over £250m, so 70 planes at an average of £300m means an order worth £21bn so I don't think Dubai is running out of money.
Similarly, Qatar has ordered 76 A350's so no shortage of money there, either.