Airbus and Boeing have declared their almost total dominance of the market for large commercial aircraft is over.
Speaking on the first day of the Paris Air Show, Jim Albaugh, head of Boeing’s civil jet division, made the frank admission as Brazilian, Chinese, Canadian and Russian companies are all set to enter the 100-seater- plus market with jets of their own in the next five years. “The days of the duopoly with Airbus are over,” he said.
Tom Enders, Airbus chief executive, agreed but added that the newcomers were not targeting the entire product range of either of the two dominant groups.
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