The airline industry is a very mature industry and yet a very fragmented one. Many countries have barriers to entry such as stringent ownership rules, government subsidies as well as route barriers. There are several competitors to Boeing’s different businesses but Boeing biggest competitor is the European Union’s Airbus. In the years 2000, and 2001 Boeing market share started dwindling considerably due to Airbus’s introduction of new airplanes and they outright sold more planes than Boeing. One of the main reasons that Boeing was losing its superior position was that it had not introduced a new commercial airplane since 1995.
Airbus introduced with much acclaim its A380; it is a double-deck, wide-body, four-engine airliner. It can be configured to hold more than 500 passengers and it has been touted by Singapore airlines as having your own private cabin in the sky. The introduction of this aircraft further implanted the belief that Airbus was now the major manufacturer of... [continues]
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