Does Airbus Cheat Does Boeing
European governments wanted to create an alternative to Boeing and gain the more intangible benefits of the high-tech experience of building a modern airliner from scratch. In 1970 they set up and financed Airbus, which has captured a 28 percent share of the $40 billion worldwide market. America has squawked foul from the takeoff. “Airbus has never been profitable. Our aircraft manufacturers are competing with foreign governments,” says Sen. John Danforth....