Wednesday, June 14, 2006

Airbus's Jumbo Disaster

It appears that Airbus's jumbo jet, pre-ordered by several Asian carriers including Singapore, Qantas and Malaysia Airlines, has fallen on hard times. Production has stalled due to several glitches and now EADS' (Airbus's parent company) customers are asking for their money back--or, at least, a renegotiation of their contracts. Airbus has made great gains in recent years over its closet competitor, Boeing, but with Boeing now selling its smaller, sleeker and more fuel efficient 787s at top speed, it appears that Airbus's ascendancy might have passed its expiration date.


Blogger Evan said...

awww, well isn't that too bad?

12:17 PM  

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