Airbus SE (AIR.FR) may phase out production of its A380 jetliner if it fails to win a key order from Emirates Airline (EA.YY), reports Reuters citing people familiar with the matter, saying that the airplane maker is drawing up contingency plans.
-- The fate of the deal is unclear. At the Dubai Airshow in November, talks between the two companies regarding a $16 billion order for 36 aircraft broke down, though they are said to have resumed, according to Reuters. Emirates is Airbus's largest customer for the A380, Reuters said.
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-- The sticking point for Emirates is a guarantee that Airbus will continue production for a decade to protect its investment, Reuters said.
-- Should a shutdown happen, it is expected to be gradual, Reuters said.
Full story: http://reut.rs/2BJHwvc
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(END) Dow Jones Newswires
December 27, 2017 09:58 ET (14:58 GMT)