$614 million loss force Airbus to halt production of A380 Super Jumbo.

Muqeem Ahmad, London,

Year 2020 was the most difficult for Airbus and it lost becomes 510 million Euros or 614 million dollars, according to European aircraft maker Airbus.

Global travel restrictions, lockdowns and the closure of business and tourism activities forced Airbus to halt production of A380 Super Jumbo, and many such projects had to close with heavy losses. While Airbus has not received any major orders for jets in 2021, it has stopped distributing profits to shareholders this year in a row.

On the other hand, Airbus’s customer airline is also facing severe difficulties. Air France’s, KLM and other international airlines have been affected by the pandemic and the sale of new aircraft is almost non-existent.

The Airbus factories still have 100 jets ready and have no buyers. The global aviation industry has high hopes for an end to the Corona virus pandemic, which will be able lead to resumption of travel and tourism.