Paris: Leading planemakers are battling over strategy for big jets as the Paris Airshow gets underway on Monday.
After a bruising two-year fight for market share of popular smaller models, Airbus and Boeing Co are increasing the deployment of next-generation long-range jets, seen as crucial to the future of both companies and their suppliers.
Days after it surprised the industry by making the first flight of its new A350 just in time for the show, Airbus will attempt a curtain call on Friday with a fly-by for President Francois Hollande, on only the plane's third test.
"People are focusing on long-haul aircraft this year. It is a crucial segment and a fundamental one for the profitability of both constructors," said Bruno Goutard, sector economist at credit insurer Euler Hermes which has a key role in aviation.
Boeing said last week it sees a $1 trillion market over the next 20 years for mid-sized, twin-engined passenger jets, a category that includes its 787 Dreamliner.
17/06/13 Reuters/India Today
To Read the News in full at Source, Click the Headline
After a bruising two-year fight for market share of popular smaller models, Airbus and Boeing Co are increasing the deployment of next-generation long-range jets, seen as crucial to the future of both companies and their suppliers.
Days after it surprised the industry by making the first flight of its new A350 just in time for the show, Airbus will attempt a curtain call on Friday with a fly-by for President Francois Hollande, on only the plane's third test.
"People are focusing on long-haul aircraft this year. It is a crucial segment and a fundamental one for the profitability of both constructors," said Bruno Goutard, sector economist at credit insurer Euler Hermes which has a key role in aviation.
Boeing said last week it sees a $1 trillion market over the next 20 years for mid-sized, twin-engined passenger jets, a category that includes its 787 Dreamliner.
17/06/13 Reuters/India Today
