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Another Blow To Old Europe
Airbus is spiralling in. Nice to be a Boeing shareholder, these days.
[Afternoon update]
Here's more.
Posted by Rand Simberg at June 15, 2006 09:57 AM
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Comments
Broken link! Aaghh!
Posted by John Breen III at June 15, 2006 10:02 AM
Link works fine.
I don't see what the big fuss is. Investors are left holding the bag, but aren't they always are? The EU government (e.g. France and Germany) will bail Airbus (EADS) out of any trouble as they always did.
Posted by Pete Zaitcev at June 15, 2006 11:12 AM
"Airbus has been a great success story, rising from derided upstart to global leader in civil aviation with factories across Europe. But it is a hard company to love."
Leader? Who is following? I'm no fan of Boeing, but they only pretended to follow, and once Airbus committed to actually building the A380, Boeing switched paths and went with the sonic cruiser and now 787 dreamliner. Not much of a following to the A380. Good thing too, because it gave Singapore Airlines are alternative choice.
Posted by Leland at June 15, 2006 11:36 AM
Leader in market share.
Posted by mz at June 15, 2006 05:27 PM
Leader in market share.
Airbus claimed a 52% global market share, but that was based on sales of a product they don't seem to be able to deliver, both the A380 and A350.
Posted by Leland at June 15, 2006 09:29 PM
> Leader in market share.
So was pets.com.
Profits matter.
But, if the Euros want to give away airplanes, go for it.
Posted by Andy Freeman at June 16, 2006 08:13 AM
But, if the Euros want to give away airplanes, go for it.
Or to put it another way, a jet airliner is not an Internet browser.
Posted by McGehee at June 16, 2006 03:06 PM
Hey, they're losing money on each plane, but atleast they'll make it up in volume.
Posted by Chris Mann at June 17, 2006 02:17 AM
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