The entire El Al deal is sad- they have been a loyal Boeing customer for years and for them to desert American enterprise which has helped Israel become the nation it is today shows that Boeing must continue to take Airbus seriously as a competitor. But Boeing's future is certainly not hanging in the balance. Sure, Boeing also focuses on other aerospace technologies, but these businesses make Boeing a BETTER company and are not burdens to its corporate infrastructure. While the Airbus consortium has the European nations behind it, Boeing has a long lasting, honorable reputation that has made the company what it is today. Boeing is a much stronger company than Airbus is, and will remain at the forefront for many years to come.
Give me a mile of road I can take you a mile, give me a mile of runway and I can show you the world.