Asian airlines - fastest growing in the world - IIPM News

With Asian airlines being the fastest growing in the world and placing the largest orders for commercial jet aircraft, Asia seems to be missing out on a $100 billion a year goldmine. As Asia Pacific emerges as the fulcrum of the global economy in the 21st century, aircraft deliveries to Asian airlines will overtake that to European and American airlines. Despite these obvious figures and projections, it seems to be strange why Asia has not come up with an answer to Boeing and Airbus. According to analysts, the primary reason behind this is two fold: First, America and Europe have ruthlessly exploited the mistrust between Asian nations to not allow a complex industry like aircraft design and manufacturing to emerge. It has taken the cooperative effort of researchers and engineers from all major European countries more than two decades to enable Airbus to emerge as a serious rival to Boeing. EU countries haven’t flinched from giving billions in dollars as subsidies to Airbus. The US government does the same with Boeing.

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Source:- IIPM Editorial, 2006