Aircraft Industry - Essay Example

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Aircraft Industry

(Crocker, 2005:11). The Airbus Company was established in 1970 and has their headquarters located in Toulouse, France. After a resent restructuring, the company is known as AIC of which the European Aeronautics and Space Company EADS owns 80% and British Aerospace and Electrical System BEA owns the remaining 20%. The new EADS comprises; France's Aero spatial, German Daimler Chrysler Aerospace AG and the Spanish Government-owned CASA. During 1988 Airbus has the share of 16 per cent of the market, which rapidly increased to 37 per cent in 1996 (Dempsey & Gesell, 85). But however, Airbus has acquired over half of the whole market when it delivered 305 jets in 2003, 310 jets in 2004 and 400 jets in 2005 (Reuters, 9/8/2004). Starting form 1969, when Airbus' first aircraft, the A300B, was debuted in the Paris air show many firsts in the industry are produced by Airbus like the A300 in 1972, the first twin-aisle, twin-engine commercial jet, the A300FFCC in 1982, the first forward facing crew cockpit in commercial aircraft, the A320 in 1988, the first 'fly-by-wire' commercial aircraft, and the upcoming A380 slated for operation in 2006, the first four-aisle, double-decker commercial aircraft (Airbus, Our Advantages).
Airbus currently is the second ...Show more

Summary

The United States aircraft industry continues to be a critical element of economics, political and military base, second to none in export in dollars and frills a place that cannot be substituted by any other industry. The US industry was once dominant in the global market, but Europe has now reached a level of parity in transport sales and is closing the gap in military and rotorcraft sales…
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