London (CNN Business) Airbus will stop making the A380, pulling the plug on its iconic superjumbo jet that once promised to revolutionize commercial air travel but failed to deliver on outsized expectations. "It's a painful decision," Airbus CEO Tom Enders said during a conference call with analysts. "We've invested a lot of effort, a lot of resources and a lot of sweat into this aircraft." "With the decision of Emirates to reduce orders, our order backlog is not sufficient to sustain production." The decision could hit as many as 3,500 jobs at the manufacturer, whose operations span four major European countries, over the next three years.

Source: CNN February 14, 2019 05:13 UTC