Airbus Abandons A380 [Canadian Business Journal (Canada)]
Boeing Company (The) (BA)
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Source: Canadian Business Journal
Airbus Abandons A380, The Canadian Business Journal CBJ — Airbus has decided to halt production of its massive A380 by 2021 due to a lack of orders for the world’s largest passenger plane. The A380 was unveiled a decade ago and is a double-deck, 500-plus-seat plane. The decision to halt production could affect up to 3,500 jobs. Airbus reported net profit of almost $4.7 billion over last year, up by about $1 billion from 2017’s level. Industry experts initially expected A380s to long outlast the Boeing 747, which is celebrating its 50th birthday this year.
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