Airbus to stop making struggling A380 superjumbo in 2021

Airbus had hoped the A380 would squeeze out Boeing’s 747 and revolutionize air travel as more people take to the skies. (File/AFP)
Updated 14 February 2019
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Airbus to stop making struggling A380 superjumbo in 2021

  • Emirates is cutting back its orders for the plane and as a result Airbus has “no substantial A380 backlog and hence no basis to sustain production”
  • Airbus had hoped the A380 would squeeze out Boeing’s 747 and revolutionize air travel as more people take to the skies

TOULOUSE, France: European aviation giant Airbus said Thursday it will stop making its superjumbo A380 in 2021 for lack of customers, abandoning the world's biggest passenger jet and one of the aviation industry's most ambitious and most troubled endeavors.
Barely a decade after the 500-plus-seat plane started carrying passengers, Airbus said in a statement that key client Emirates is cutting back its orders for the plane, and as a result, “we have no substantial A380 backlog and hence no basis to sustain production.”
The decision could hurt up to 3,500 jobs, Airbus said. The company is releasing its 2018 annual earnings later Thursday and said the decision is expected to impact the results.
The decision is a boon for rival Boeing and a crushing blow for Airbus. The European plane maker had hoped the A380 would squeeze out Boeing's 747 and revolutionize air travel as more people take to the skies.
Instead, airlines have been cautious about committing to the costly plane, so huge that airports had to build new runways and modify terminals to accommodate it. The double-decker planes started flying in 2008 and seated more than 500 passengers.
The A380 had troubles from the start, including tensions between Airbus' French and German management and protracted production delays and cost overruns. Those prompted a company restructuring that cost thousands of jobs.
Industry experts initially expected A380s to long outlast the 747, which is celebrating its 50th birthday this year.
When it started taking on passengers in 2008, the A380 was hailed for its roominess, large windows, high ceilings and quieter engines. Some carriers put in showers, lounges, duty free shops, bars on both decks.


Saudi Arabia, China sign $28 billion worth of economic accords

Updated 22 February 2019
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Saudi Arabia, China sign $28 billion worth of economic accords

  • A total 35 agreements had been signed at a joint investment forum held by Saudi Arabia’s investment agency SAGIA

DUBAI: Saudi Arabia and China signed economic cooperation agreements worth a total of $28 billion at a joint investment forum during a visit by Saudi Crown Prince Mohammed bin Salman to Beijing, Saudi state news agency SPA said on Friday.
It said 35 agreements had been signed at the forum, held by Saudi Arabia’s investment agency SAGIA. It also said four licenses for Chinese companies had been awarded at the forum.

The forum, which coincided with the official visit of Crown Prince Mohammed bin Salman China as part of his Asian tour, aimed at enhancing opportunities for joint cooperation between the two countries in various fields.

Other cooperation agreements signed during the forum included areas of the Kingdom's target sectors such as renewable energy aimed at activating cooperation and consultation frameworks in the field of investment development in wind turbines by manufacturing Electric control devices, wind turbine structures, turbine blades and wind generators with an investment of $ 18 million.

The agreement aims to open up to 800 new job opportunities in one of the most targeted sectors of sustainable development.