Word: airbus
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Dates: during 2000-2009
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...million Estimated price of the Airbus A380 superjumbo purchased by an anonymous buyer at the Paris air show for use as a private...
...sold to Southwest, and WestJet in Canada. Forced by a non-compete clause with Southwest to stay on the sidelines, he spent years figuring out JetBlue. He raised a ton of capital so he could weather any early storms or cut-throat price wars. He bought brand new Airbus A320s to give customers confidence; he equipped them with satellite TVs and gave you enough seat room so that you could open a newspaper without slapping the passenger next to you. He ran the company out of New York's under-utilized JFK airport as opposed to the tumultuous LaGuardia...
...last months as boss, Grinstein is focused overseas. He has five 777s on order for routes to Asia but is still considering Boeing's Dreamliner and the Airbus 380. In March 2008, Delta will start six daily nonstops out of Heathrow. And if the rest of the industry catches up with Delta, well, Grinstein did come out of retirement once before...
Another big uncertainty concerns future ownership. Airbus' private owners are fleeing: Britain's BAE sold its 20% stake earlier this year to EADS, and both of EADS's big holders, Germany's DaimlerChrysler and France's Lagardère, are trying to reduce their stakes...
...Airbus' other planes, including the A320, are still selling well, and EADS's helicopter and other military divisions reported strong sales and earnings this year. Ulrich Horstmann, an aviation analyst at Bayerische Landesbank, reckons there's an 80% chance that Airbus will be able to bounce back. "But there is a danger it'll get sucked into a vicious circle of job cuts, sinking morale and political infighting," he says. As for Airbus as a model for industrial cooperation, James Foreman-Peck, a professor at Cardiff Business School who specializes in European industrial policy, says it remains valid...