Airbus poised to axe A380 as Emirates reviews demand
The move to shut production of the A380 superjumbo earlier than expected coincides with a review of purchases of very large aircraft by the plane's biggest customer, Emirates, which has a fleet of 109 superjumbos and 53 left on order.
Due to weaker demand, the Dubai carrier is expected to scale down these purchases and place greater focus on smaller models in a shake-up that could have implications for both Airbus and its US rival Boeing, industry sources said.
Published Date: Feb 13th, 2019 07:07 PM | Updated Date: Feb 13, 2019 07:07 PM IST
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more