Its reasons for cheering Boeing's decision to make a similar jet, based on a similar strategy of engine efficiencies, partly explain why Airbus is wary of exploiting Boeing's misery over the global grounding of the MAX today, industry sources say. Airbus has joined major airlines in expressing confidence that Boeing will emerge soon from a crisis caused by two fatal crashes. In the first place, that is because both giants share a stake in preserving public trust and rarely compete on safety. Airbus and Boeing operate a roughly equal duopoly in the market for single-aisle jets that Airbus values at $3.5 trillion over 20 years. In 2011, Airbus was testing that alignment with record sales of its recently launched A320neo, offering more efficient engines.

Source: Economic Times April 30, 2019 08:15 UTC