Airbus could shut down production of its A380 superjumbo without Emirates deal

Airbus could shut down production of its A380 superjumbo without Emirates deal

Airbus could stop production of its flagship A380 double-decker jumbo jet if it fails to win further orders from Emirates airline, a top company executive said on Monday. Airbus said the minimum annual number it is prepared to build each year is six. "If people want to fly, they need to fly in bigger aircraft", he insists.

"The market is stronger everywhere such as the stock market". The company has now enjoyed 15 consecutive years of increasing production of its airliners.

"It will continue to have good sales on the wide-body aircraft". The achievement is especially notable since Boeing refreshed its lineup a year ago with the 737 Max 10, a direct competitor.

Commenting on the new prices, John Leahy, chief operating officer of commercial aircraft at Airbus said "the new pricing reflects our continuous investments into aircraft programmes to maximise their value for our customers' satisfaction".

"In 2018, probably it will be closer to two-third Neos and one-third Ceos".

Because most of the program's cost are in the past, Airbus can produce as few as six of the planes a year with "reasonable efficiency", commercial aircraft chief Fabrice Bregier said, adding that a formal decision to drop to that level hasn't yet been made.

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Bath Savings Trust, a Maine-based fund reported 71,215 shares. 152,698 are held by Zurcher Kantonalbank (Zurich Cantonalbank). Royal Bank & Trust Of Scotland Gru Public Ltd Company, a United Kingdom-based fund reported 12,235 shares. (NASDAQ:AMZN).

"We went through this exercise internally with the supply chain. We are looking at big quantities of the A380 during this more hard period", he said.

The European planemaker said on Monday net orders after cancellations rose 52 percent to 1,109 aircraft in 2017, placing it ahead of Boeing's 912 net orders.

Airbus said 718 aircrafts were delivered to 85 customers globally.

558 single aisle A320 Family.

Airbus sold 1,109 planes last year, 52 per cent higher than 2016, outstripping rival Boeing thanks to a raft of end-of-year deals, including a US$50 billion order for 430 A320neos from United States private equity firm Indigo Partners.

"The challenge will be to maintain at least this level in the years to come" before customers start placing replacement orders for the A380s they now have in service, and "potential new markets" start opening up, he said.

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