The Airbus A380 Jumbo Jet Is Fading Fast
Earlier this year, Airbus (OTC: EADSY) bit the bullet and announced that it would wind down production of its slow-selling A380 jumbo jet by 2021. With the exception of Emirates, the A380 failed to win any big fans, and a multiyear order drought ultimately forced Airbus' hand.
Since that decision was announced back in February, the Airbus A380's popularity has waned even further. A growing number of airlines that operate the jumbo jet have announced plans to retire their A380 fleets prematurely in favor of more efficient jets. That's great news for Boeing (NYSE: BA), which may be able to sell more 777-9 jets over the next few years as airlines plan for the replacement of their A380s.
Around the time Airbus announced its decision to stop building new A380s, Qatar Airways revealed that it plans to retire each of its A380s as they reach 10 years of age. This would put the retirement dates for its 10 A380s between 2024 and 2028.
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