Airbus postpones delivery of 12 A380 jumbo jets

Visitors look at an Emirates airline's Airbus A380 dislayed at the Dubai Airshow

An Emirates spokeswoman told Reuters the Rolls-Royce engine jet had arrived, but declined to say when it would be deployed for passenger services. Along with deferring deliveries of A380 to Emirates, Airbus also announced cut in its monthly aircraft production with the aim to meet market demand.

Planemaker Airbus is postponing the delivery of 12 A380 planes to its biggest customer Emirates Airline over the next two years. Finally, the manufacturer stresses that it will accelerate the reduction of its fixed costs so that the impact of the postponement of deliveries to Emirates is minimal on the financial balance of the program that it hopes to maintain in 2017.

Emirates and Rolls-Royce reached a settlement earlier in December over the airline's A380 engine performance and maintenance concerns, after the carrier had revealed technical shortcomings a few weeks earlier.

Tom Williams, chief operating officer of Airbus, admitted in an interview with the Telegraph earlier this year that the A380 programme "would never be profitable" and the decision to build the giant jet may have been a mistake, but the company was operating in a different environment at the time. The delays have compounded Airbus's efforts to turn around the fortunes of the A380, the world's largest commercial jetliner, which lists for $433 million before the discounts customary in the industry.

The delays cap a tough year for Airbus's flagship model.

Emirates' entire fleet is now made up completely of Boeing 777s and Airbus A380s, as it recently retired the last of its Airbus A330 and A340 aircraft.

Emirates, the biggest client for superjumbos, took delivery of its A380 in November and has ordered 142 in total.

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