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Airbus displaces Boeing as aerospace’s biggest companySeattle’s tumultuous 2019 has seen it slip behind its European rival in our latest annual Top 100 rankings Airbus has ousted Boeing as aerospace’s biggest business after a year in which the 737 Max crisis led to the US manufacturer’s revenues plunging by a quarter. (www.flightglobal.com) More...
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It all starts with Leadership and Boeing was more concerned with the share price and bottom line than the products so the Leadership went from Engineers to Bean Counters which always spells trouble long term. It takes a long time to earn trust and a short time to lose it, something the Commercial Division forgot.
the big deal is about short-term job cuts at boeing and airbus lasting for months or years. Demand will rebound and product offerings will happen to improve the fuel consumption of both manufacturers offerings. The airlines will buy or lease newer planes only when demand returns. Who knows when that will happen.....It is like a horse race, and the finish line is far away at this time.
Predicted when McD bought Boeing with Boeing's money. The leadership culture at McD didn't ruin just one manufacturer, they ruined two. Just took longer than people figured it might.
Profit over quality!
If it ain't Boeing, I aint going....Tough for a company to compete with a consortium I suppose...
and with government financing!