Sales drought forced Airbus to end A340 programme: Ring

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A reality check on slow sales activity led Airbus to put an end to its A340 aircraft programme, according to EADS chief financial officer Hans Peter Ring.

Speaking to analysts to discuss the group's nine-month financial results, Ring said: "We are accepting ourselves to the reality that we haven't sold A340s for two years."

EADS said today that the termination of the A340 programme would result in a positive one-off impact of €192 million ($260 million) on its earnings before interest and taxes.

Airbus still has four A340s to deliver from previous orders - two corporate versions and two bound for Kingfisher Airlines - according to the airframer's order book.