Airbus Tweaking A320 Puts Pressure on Boeing to Upgrade 737 Jet |
| Bloomberg - Dec 1, 2010 |
Airbus SAS’s move to offer new engines for its A320 aircraft series is set to intensify competition with Boeing Co. in the biggest part of the civil- aviation market and may force its rival to follow suit.
Airbus unveiled its decision today after the two companies circled each other for months over who would make the first move. Boeing panned the announcement as an “attempt to reach the superior performance” of its own 737 aircraft. Aviation experts said the Chicago-based company may have no option but to follow in Airbus’s footsteps if it wants to remain competitive.
“There’s a 95 percent chance that Boeing, too, decides to re-engine,” said Yan Derocles, an analyst at Paris-based Oddo Securities, who advises investors to buy shares of Airbus parent European Aeronautic, Defence & Space Co. “They don’t have any other choice. They can allow themselves six months or so to see what response Airbus gets before making a definitive decision.”
Read Full Article from Bloomberg
- Posted: 2010-12-01 09:34:05
| More Stock Investor Place Company News |
 |
|
|
|
| Stock Investor Place Company News Archive |
|
|
|
