TOULOUSE (euronews) — Airbus announced today that it is terminating the A380 program. Emirates announced it will only take 14 more A380s instead of the 53 it had on firm order so far. The order is revised and now includes 40 A330-900s and 30 A350-900s, according to a new heads of agreement.

After years in crisis mode, the decision to stop production of the world’s largest civil aircraft does not come as a surprise. But having to cancel the multi-billion project little over 18 years after it was launched in December 2000 shows how much Airbus was off in its demand forecast for very large aircraft. Instead of the around 1,500 orders for aircraft in the category that Airbus expected over 20 years, only some 300 materialized.