Airbus cuts A380 delivery target to avoid glut
Airbus cuts A380 delivery target to avoid glut Europe's Airbus on Tuesday cut the delivery target for its A380 superjumbo to 12 a year from 2018, down from 27 in 2015 and about half what is projected for this year, to prevent a glut of unsold planes as airlines shun the industry's behemoths. It announced the cutback late on the second day of the Farnborough Airshow, taking the shine off a $20 billion haul of orders for smaller jets, after the decision was reported in French newspaper La Tribune. The move raises the possibility that Airbus could revert to losses on the double-decker jet after breaking even for the first time last year, but averts the need to start ordering parts for unsold planes: something it has pledged not to do. Parts for A380s must be ordered up to two years ahead. Airbus said it would still break even with 20 deliveries next year, but gave no specific commitment beyond that. "The company will continue t...