Word: planes
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STONECIPHER: At first Airbus dismissed the 787 as a copy of one of their planes. Then they said they would improve that plane. But now Airbus knows that a medium-size, efficient new airplane like the 787 is where there will be a big market. So they had to respond to us. We just want them to respond without the benefit of launch...
TIME: You recently received a 60-plane order from China for the 787. But only one well-known American airline, Continental, has bought the plane. Does that worry...
...last month too when five European leaders, 12 airline CEOs, scores of journalists and more than 5,000 invited guests gathered at Airbus headquarters in Toulouse, France, to celebrate the unveiling of the A380, which cost $12 billion to launch. The roll-out of the world's largest passenger plane is a powerful symbol of the coming of age of 35-year-old Airbus and underscores that the world's two major commercial-airplane makers--Airbus and Boeing--are at each other's throats as never before. Although the U.S. government and the European Union reached a temporary deal last...
...A380 is Airbus' prized 21st century showpiece. The plane, which has a list price of $285 million (though airlines rarely pay the published rate on any plane), has been ordered by major airlines around the world, including Air France, Emirates, Lufthansa, Qantas and Virgin. Last month UPS joined FedEx as the second U.S. cargo airline to buy the freighter version. "The A380 is the most significant event in aviation in 40 years--since the introduction of the Boeing 747," says Stephen Forshaw of Singapore Airlines, which will be the first airline to fly the aircraft, in the spring...
...debate over subsidies is especially heated because the aircraft business is so precarious. Launch costs for a new plane are enormous, with little guarantee that the market will reward innovation. In December 2003 Boeing announced plans for the twin- engine, highly efficient 787 (originally called the 7E7), its first new airplane in a decade and its designated aircraft of the future. In contrast to the A380, which is designed to fly lots of people to big hub airports, the smaller (about 220 passengers) 787 aims to fly longer distances to more cities. Scheduled to roll...