Airbus is preparing to stop production of the world's largest passenger jet, the Telegraph reports.
The French aircraft manufacturer was hoping to ink a deal with Emirates for 36 new A380 planes worth $16 billion ($22.6b), the Telegraph says.
But when negotiations failed, the Telegraph says it understands that Airbus is now establishing plans for shutting down production of its superjumbo.
"If there is no Emirates deal, Airbus will start the process of ending A380 production," a person briefed on the plans told Reuters.
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Emirates has the largest number of A380s in its fleet in the world.