"Airbus is still learning how to make airplanes.”

Discussion in 'Wall St. News' started by ASusilovic, Nov 15, 2011.

  1. Qatar Airways Ltd. Chief Executive Officer Akbar Al Baker ridiculed Airbus SAS after walking away from aircraft purchases at the Dubai Air show, saying the manufacturer is “still learning how to build airplanes.”

    Al Baker said he had planned to make a “very large” announcement today with Airbus, the industry leader in the civil aviation industry. Minutes earlier, Airbus was forced to abort a press conference, saying the deal was “too hot” to be signed on time. Al Baker declined to give a reason for the hold-up, saying only price isn’t necessarily the sticking point.

    “We have reached an impasse with them,” Al Baker told the conference when asked why the Airbus deal fell through. “We thought we would conclude an agreement. Airbus is still learning how to make airplanes.”


    So, Mr. Al Baker, what is your country "ABLE" to build? I think, almost nothing. Relying on your oil resources is playing "Pasha"...! :mad:
  2. Airbus learning ???

    They sell more than Boeing if not same. The whole reason Boeing was #1 for many years in number of airplanes sold is because US govt's help back in WWII.
  3. He understands "The Golden Rule".
  4. Mr Al Baker is not wrong.

    Boeing is far superior to Airbus. The only reason why Airbus can sell as many planes as it has with the typical European workmanship and delays is solely due to massive EU subsidies. Boeing has repeatedly made complaints about this and last year the WTO has ruled against Airbus specifically on this issue.
  5. Super wrong

    Boeing had its best expansion in times of WWII by the help of US Govt

    No subsidy no Boeing

  6. WTO final ruling: Airbus subsidies illegal, hurt Boeing

    By Les Blumenthal | McClatchy Newspapers
    Posted on Tuesday, March 23, 2010

    WASHINGTON — European governments illegally subsidized Airbus, allowing it to overtake Boeing and become the world's largest commercial airplane company, the World Trade Organization found in a final ruling Tuesday that could have trans-Atlantic repercussions, lawmakers who were briefed on the decision said.

    The ruling, which upheld interim findings released last September, will remain confidential for several months, but it was delivered to the Office of the U.S. Trade

    "Today's final ruling puts any doubts to rest — launch aid is an illegal subsidy that has cost America jobs, hurt our ability to compete and damaged our overall economy," Sen. Patty Murray, D-Wash., said in a statement after being briefed.

    The WTO said that four European countries — France, Germany, Britain and Spain — provided Airbus with risk-free loans, known as launch aid, to develop and build its aircraft.

    Boeing has said that Airbus received more than $15 billion worth of subsidies, which in today's dollars could have a true market value of roughly $200 billion.

    "It's amazing to me that at the height of the Cold War when the U.S. was spending billions of dollars in Europe, four countries would get together in an effort to destroy the U.S, aerospace industry," said Loren Thompson, an analyst with the Lexington Institute, a national security research center in northern Virginia.
  7. If that's his perception, why bother with Airbus at all?
  8. As opposed to on-time delivery of the 787?
  9. 9/19/2010 @ 9:47PM |6,140 views
    Can Airbus Survive Without Subsidies?

    Can Airbus Survive Without Subsidies?

    The Europeans are proposing negotiations to resolve differences, but they should have done that before the WTO called into question the legitimacy of their enterprise. The United States has little reason to negotiate since the WTO has assessed most of the fault in the trade dispute to lie on the other side of the Atlantic.

    There are big stakes in Washington standing its ground, because it is increasingly clear that the slow growth of the U.S. economy is traceable to a yawning trade deficit in manufactured goods.

    The Sept. 15 judgment against the United States found nothing comparable to European launch aid.

    If Boeing gives up all its prohibited subsidies it is still in good shape, but if Airbus must do the same thing it is headed for very hard times — especially given the problems the European company faces in trying to fix its A380 jumbo jet and A400M military transport as it seeks to develop a competitor for Boeing’s 787 Dreamliner.

    To the extent that deficit is the result of deliberate market distortions implemented by trading partners like China and the European backers of Airbus, America must enforce its rights under trade treaties to avert national economic decline.
  10. #10     Nov 15, 2011