Trouble on The Horizon

Europe's Airbus threatens the dominance of U.S. jet builders

Amid all the hand wringing about the huge U.S. trade deficit, Americans have at least been able to point with pride to their jet builders. Boeing and McDonnell Douglas won more than 65% of world orders for commercial passenger planes last year. But that dominant position grows more precarious by the day. Europe's Airbus Industrie, which once seemed like a tiny speck on the horizon, is closing fast with hot new planes and cut-rate prices. Subsidized by European governments and charged by its rivals with making underhanded deals to win sales, Airbus has brought fiercer competition to an industry that has...

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