Airbus gets a push,but still it can’t soar

In a duopolistic market, both the players benefit more or less equally. But what happens if one of them fails to turn up. It should ideally create a monopoly, but that hasn’t been the case for Airbus.

The European aircraft-maker, which directly competes with its US counterpart Boeing, is realising, much to its frustration, that it is not able to capitalise on the year-long grounding of the Boeing 737 MAX aircraft. This was a once-in-a-lifetime opportunity to leave the competition far behind — but Airbus just cannot take in more orders.

‘A paradox’

At a recent press conference to announce the 2019 annual results, Airbus CEO Guillaume Faury was forthcoming about how difficult it has been to gain from the situation. “It might look like a paradox, but in the short term, we don’t benefit from the situation with our competitor,” he said, as per media reports.