Europe's Airbus announced plans to scrap production of the A380 superjumbo on Thursday, abandoning its dream of dominating the skies with a cruiseliner for the 21st century after years of lacklustre sales.

Airbus to scrap production of A380 superjumbo

WION Gravitas: Airbus to scrap production of A380 superjumbo

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a380 superjumbo-scrapped

Airbus to scrap production of A380 superjumbo

WION Gravitas: Airbus to scrap production of A380 superjumbo