Airbus warns of existential threat to its business, but the European jet giant has more going for it than Boeing [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Airbus warns of existential threat to its business, but the European jet giant has more going for it than Boeing Airlines have no use for the thousands of new planes that were rolling off the production lines of Airbus, Boeing, Embraer, Mitsubishi and other manufacturers. REMY GABALDA/AFP/Getty Images Airlines have no use for the thousands of new planes that were rolling off the production lines of Airbus, Boeing, Embraer, Mitsubishi and other manufacturers. The United States has Facebook, Google, Amazon and Tesla. Europe has no comparable tech giants. But it has Airbus. Last year, Airbus displaced Boeing as the world’s biggest maker of passenger jets and seemed unstoppable. It had exploited the series of mishaps at its arch-rival, which had grounded Boeing’s 737 Max jet after two fatal crashes that shattered confidence in the American aerospace giant. That left the Airbus A320 family of single-aisle jets as the preferred choice among airlines around the world. Orders took off – as
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