Boeing has said that arch rival Airbus is producing more planes than...
Boeing has said that arch rival Airbus is producing more planes than airlines need after the September 11th attacks, which is reducing both prices and profits for both planemakers.
The US company, the world's largest aircraft maker, plans to build 380 planes this year, down twenty eight percent from 2001, while Airbus aims to build as many as three hundred planes, down by eight percent.
?We see around the world indications that our competitor is willing to go to extremes,? Toby Bright, Boeing's executive vice president for airliner sales, said in an interview. Airbus ?is focused on producing a certain amount of airliners whether the market demands it or not.?
Air travel fell by as much as a third after hijacked planes were used to attack the World Trade Center and Pentagon, causing airlines to cancel or delay orders. Boeing has slashed more than twenty eight thousand jobs. Its European competitor has fired only two hundred people.