Competition between Airbus and Boeing

The competition between Airbus and Boeing has been characterized as a duopoly in the large jet airliner market since the 1990s. This resulted from a series of mergers within the global aerospace industry, with Airbus beginning as a pan-European consortium while the American Boeing absorbed its former arch-rival, McDonnell Douglas, in 1997. Other manufacturers, such as Lockheed Martin and Convair in the United States, and British Aerospace (now BAE Systems) and Fokker in Europe, were no longer able to compete and effectively withdrew from this market. In the 10 years from 2007 to 2016, Airbus received orders for 9,985 aircraft and delivered 5,644, while Boeing received orders for 8,978 aircraft and delivered 5,718. During their period of intense competition, both companies regularly accused each other of receiving unfair state aid from their respective governments. In 2019, Airbus displaced Boeing as the largest aerospace company by revenue due to the Boeing 737 MAX groundings, pulling in revenues of billion and billion, respectively. Boeing recorded $2 billion in operating losses, down from$12 billion profits the previous year, while Airbus profits dropped from $6 billion to$1.5 billion. Airbus and Boeing have wide product ranges, including single-aisle and wide-body aircraft, covering a variety of combinations of capacity and range. As of 2016, Flight Global fleet forecast 26,860 single aisle deliveries for a $1,360 bn value at a compound annual growth rate of 5Middle of the market As of 2016, FlightGlobal fleet forecast 7,960 twin aisle deliveries for a$1,284 bn value for the 2016–2035 period.