Airbus has announced it will stop producing its flagship A380 Superjumbo, which could jeopardize jobs in the UK.
The company said it had made the "painful" decision after having a hard time selling the world's largest passenger aircraft and after Emirates decided to reduce the A380 order book by about a quarter.
Due to the decline and shortage of orders on other airlines, Airbus has announced that it will stop delivering the record aircraft in 2021 – just 14 years after its first commercial deployment.
Emirates has received 14 of the biplane aircraft whose wings, engines and suspension are manufactured in the United Kingdom.
Airbus said it will "begin discussions with its social partners over the next 3 to 3,000 potential positions over the next three years".
It is reported that around 200 of these jobs are located in the United Kingdom.
The company said a production increase of its A320 model would provide "a significant number of internal mobility opportunities".
Airbus CEO Tom Enders said, "The A380 is not just an outstanding technical and industrial achievement, passengers all over the world like to fly with this great aircraft, so today's announcement is distressing for us and the A380 communities worldwide.
"But keep in mind that the A380 will be taking to the sky for many more years, and of course Airbus will continue to fully support the A380 operators."
With a length of almost 73 meters and more than 500 passengers, the Boeing 747 A380 has been awarded the title of the largest passenger aircraft in the world when it took its first commercial flight from Singapore to Sydney on 27 October 2007.
The first commercial flight of the giant aircraft to Europe – a service of Singapore Airlines – arrived on March 3, 2008 at Heathrow.
According to Airbus, the aircraft has flown more than 500,000 revenue flights and has carried over 190 million passengers to date, with more than 300 scheduled flights per day.
Concerns over the future of the superjumbo, however, arose, and in 2016, Airbus announced a drastic cut in production, cutting construction rates by half.
On Thursday, the company said that Emirates had decided to reduce its order from A380 aircraft from 162 to 123 aircraft following a "review of operations and in light of developments in aircraft and engine technologies."
Meanwhile, the UAE airline buys more of the smaller A330-900 and A350-900 and buys 40 and 30, respectively.
"As a result of this decision, despite all sales efforts with other airlines in recent years, we have no significant A380 backlog and thus no basis for maintaining production," Enders said.
"This will lead to the end of the A380 delivery in 2021. The implications of this decision are largely embedded in our results for the 2018 full year."
The Emirates' A330-900 and A350-900 contract has a value of $ 21.4 billion (£ 16.6 billion).