Airbus to scrap production of A380 superjumbo

Reuters: Europe's Airbus announced plans to scrap production of the A380 superjumbo on Thursday (February 14), 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. The European company said it would enter talks with unions in coming weeks over the 3,000-3,500 jobs potentially affected.