Airbus’s Longest Plane Proves Short-Lived as A340 Orders Dry Up
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Airbus SAS has ended production of its four-engine A340 aircraft after the jet with the company’s longest fuselage lost out to Boeing Co.’s twin-engine 777 model.
Airbus, the world’s largest maker of commercial aircraft, announced the end of the program today as parent European Aeronautic, Defence & Space Co. reported earnings. Terminating the program will lead to an operating gain of 192 million euros ($261 million), EADS said, without explaining why it’s concluding production of the jet that started service in 1993.