Boeing admits end of duopoly in sight
BOEING has admitted that its dominance over the market for large commercial aircraft it has shared with its rival Airbus will soon come to an end.
Speaking at the Paris Air Show yesterday, Jim Albaugh, head of Boeing’s civil jet division said: “the days of the duopoly with Airbus are over” as emerging global competition prepares to enter the market.
For decades the two companies have dominated the market for commercial planes in the 100-200 seat range. However new players from China, Russia and Brazil are expected to launch their own jets over the next five years.
His comments were made as the industry waits to see what changes Boeing will make to its 737 family of aircraft. The group said it is considering either putting new engines into the 737 or developing an all-new aircraft.