Word: airbus
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...Harry Stonecipher in the 34th-floor executive conference room of the company's downtown Chicago headquarters. Despite the reprieve from a trade fight, he continued to question the launch-aid loans that Boeing's rival has historically received--and plans to continue to receive--from European governments. "Airbus is all grown up and making money," he says. "Why does it need subsidies?" Here's what else the 30-year aerospace veteran had to say about the industry, the economy and Boeing's prospects...
TIME: Isn't Boeing itself, rather than Airbus' subsidies, to blame for your company's loss of market share...
TIME: Why is Airbus building the A380, by far the world's biggest plane...
STONECIPHER: Reasonable people can disagree. Airbus thinks passengers want to go through big-hub airports. Boeing thinks people want to go direct to their destination. It's also easier to build such a huge plane if somebody else--in this case, European taxpayers--is paying for one-third...
European airplane maker Airbus has unveiled the world's largest passenger plane, a double-decker behemoth that will seat up to 800 people. The A380 will make its first test flight this spring and begin flying passengers in 2006. But will U.S. airports be ready? No U.S. passenger airline has yet ordered the plane, but three airports--San Francisco's, Los Angeles' LAX and New York's John F. Kennedy--are gearing up for foreign airlines, such as Lufthansa and Singapore Airlines, that have. Some runways and taxiways have to be widened and terminals expanded for the extra passengers. Virgin...