Airbus Stock Soars Despite Shutting Down the A380, the Largest Passenger Plane Ever

The iconic superjumbo A380 launched by European plane maker will stop delivering from 2021. Why? Nobody wants them. Interestingly, the company’s stock rose 4.31 percent in early morning trading in Euronext ParisA rising from €103.06 to €108.80. Airbus CEO Tom Enders said in an official statement: We have no substantial A380 backlog and hence no basis to sustain production, despite all our sales efforts with other airlines in recent years. Following a review of its operations and in light of developments in aircraft and engines, @Emirates agrees with Airbus to➡ reduce its A380 order book by 39 aircraft➡ order 40

The post Airbus Stock Soars Despite Shutting Down the A380, the Largest Passenger Plane Ever appeared first on CCN

The iconic superjumbo A380 launched by European plane maker will stop delivering from 2021. Why? Nobody wants them. Interestingly, the company’s stock rose 4.31 percent in early morning trading in Euronext ParisA rising from €103.06 to €108.80. Airbus CEO Tom Enders said in an official statement: We have no substantial A380 backlog and hence no basis to sustain production, despite all our sales efforts with other airlines in recent years. Following a review of its operations and in light of developments in aircraft and engines, @Emirates agrees with Airbus to➡ reduce its A380 order book by 39 aircraft➡ order 40

The post Airbus Stock Soars Despite Shutting Down the A380, the Largest Passenger Plane Ever appeared first on CCN