India, April 22 -- Airbus, the European aircraft manufacturer, is reducing its investment in the hydrogen-powered jet initiative after nearly $2 billion in expenditures.

The company had announced in 2020 its goal to introduce a zero-emission, hydrogen-powered aircraft by 2035, which was seen as a potential milestone for the aviation sector.

However, some industry leaders expressed doubts regarding the timely readiness of the technology. According to sources familiar with the situation, Airbus has already invested over $1.7 billion in the project but has determined in the past year that technical challenges and the slow uptake of hydrogen in the broader economy would hinder its ability to achieve the set target.

In early February, Airb...