Aviation: Europe's Airliners Raid the U.S.

For the past 25 years, Boeing of Seattle, Wash., and McDonnell Douglas of St. Louis, Mo., have had a virtual monopoly on sales of passenger jets to U.S. airlines. Last week the American companies sustained a damaging air raid. Airbus Industrie, the European consortium of French, British, West German and Spanish plane builders, announced a $1 billion deal to deliver 28 of its new jets to Pan Am, a longtime Boeing customer. The European aviation industry exulted over the agreement, dubbing it the contract of the century.

Twelve of the planes ordered by Pan Am are wide-body Airbus A310s, which rival...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!