Airbus to scrap production of A380 superjumbo

Europe`s Airbus announced plans to scrap production of the A380 superjumbo on Thursday, abandoning its dream of dominating the skies with a cruiseliner for the 21st century after years of lacklustre sales.

The world`s largest airliner, with two decks of spacious cabins and room for 544 people in standard layout, was designed to challenge Boeing`s legendary 747 but failed to take hold as airlines backed a new generation of smaller, more nimble jets.

Airbus said in a statement that the last A380 would be delivered in 2021.

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Confirming a shake-up first reported by Reuters, it said Emirates - the largest A380 customer - had decided to reduce its orders for the iconic superjumbo and order a total of 70 of the smaller A350 and A330neo models.