Index: release/scripts/startup/bl_ui/space_console.py
===================================================================
--- release/scripts/startup/bl_ui/space_console.py	(revision 46372)
+++ release/scripts/startup/bl_ui/space_console.py	(working copy)
@@ -42,6 +42,7 @@
         layout = self.layout
 
         layout.operator("console.clear")
+        layout.operator("console.delete", text="Empty current line").type = "ALL"
         layout.operator("console.copy")
         layout.operator("console.paste")
         layout.menu("CONSOLE_MT_language")
Index: source/blender/editors/space_console/console_ops.c
===================================================================
--- source/blender/editors/space_console/console_ops.c	(revision 46372)
+++ source/blender/editors/space_console/console_ops.c	(working copy)
@@ -436,6 +436,7 @@
 	{DEL_PREV_CHAR, "PREVIOUS_CHARACTER", 0, "Previous Character", ""},
 	{DEL_NEXT_WORD, "NEXT_WORD", 0, "Next Word", ""},
 	{DEL_PREV_WORD, "PREVIOUS_WORD", 0, "Previous Word", ""},
+	{DEL_ALL, "ALL", 0, "All", ""},
 	{0, NULL, 0, NULL, NULL}
 };
 
@@ -486,6 +487,13 @@
 				}
 			}
 			break;
+		case DEL_ALL:
+			console_history_add(C, ci);
+			console_history_add(C, NULL);
+			sc->sel_start = 0;
+			sc->sel_end = 0; 
+			done = 1;
+			break;
 	}
 
 	if (!done) {
@@ -570,8 +578,10 @@
 {
 	SpaceConsole *sc = CTX_wm_space_console(C);
 	ARegion *ar = CTX_wm_region(C);
+	int done = 0;
+	int pos;
 
-	ConsoleLine *ci = console_history_verify(C); /* TODO - stupid, just prevernts crashes when no command line */
+	ConsoleLine *ci = console_history_verify(C); /* TODO - stupid, just prevents crashes when no command line */
 	short reverse = RNA_boolean_get(op->ptr, "reverse"); /* assumes down, reverse is up */
 	int prev_len = ci->len;
 
@@ -584,7 +594,7 @@
 			console_history_free(sc, ci_prev);
 	}
 
-	if (reverse) { /* last item in mistory */
+	if (reverse) { /* last item in history */
 		ci = sc->history.last;
 		BLI_remlink(&sc->history, ci);
 		BLI_addhead(&sc->history, ci);
@@ -606,6 +616,13 @@
 	ci = sc->history.last;
 	console_select_offset(sc, ci->len - prev_len);
 
+	// Always place cursor at the end of line (needed after DEL_ALL)
+	pos = ci->cursor;
+	BLI_str_cursor_step_utf8(ci->line, ci->len,
+	                         &pos, STRCUR_DIR_NEXT,
+	                         STRCUR_JUMP_ALL);
+	done = console_line_cursor_set(ci, pos);
+
 	/* could be wrapped so update scroll rect */
 	console_textview_update_rect(sc, ar);
 	ED_area_tag_redraw(CTX_wm_area(C));
Index: source/blender/editors/space_console/space_console.c
===================================================================
--- source/blender/editors/space_console/space_console.c	(revision 46372)
+++ source/blender/editors/space_console/space_console.c	(working copy)
@@ -312,6 +312,8 @@
 	RNA_enum_set(WM_keymap_add_item(keymap, "CONSOLE_OT_delete", DELKEY, KM_PRESS, KM_CTRL, 0)->ptr, "type", DEL_NEXT_WORD);
 	RNA_enum_set(WM_keymap_add_item(keymap, "CONSOLE_OT_delete", BACKSPACEKEY, KM_PRESS, KM_CTRL, 0)->ptr, "type", DEL_PREV_WORD);
 
+	RNA_enum_set(WM_keymap_add_item(keymap, "CONSOLE_OT_delete", YKEY, KM_PRESS, KM_CTRL, 0)->ptr, "type", DEL_ALL);
+
 #ifdef WITH_PYTHON
 	WM_keymap_add_item(keymap, "CONSOLE_OT_execute", RETKEY, KM_PRESS, 0, 0); /* python operator - space_text.py */
 	WM_keymap_add_item(keymap, "CONSOLE_OT_execute", PADENTER, KM_PRESS, 0, 0);