|Quoting NumberTwelve (Reply 91):|
For me it's important that Boeing has a competitor since the 70's - B laughed about A at the beginning, but now they can't ignore customers interestes any longer, don't have monopoly and have to find technology for more fuel efficency. That is what counts and that is why Airbus is so important. Also the other way around, if Airbus would have monopoly, this would be sad in the markets too.
Boeing has NEVER has anything close to a monopoly. Where does this come from?
Douglass and Lockheed had Boeing by the throat until the 707, and Boeing almost went under around the time Airbus came on the scene, so they were not laughing, they were sweating.
During the 70s Boeing was under pressure form BAE, MD
, Lockheed, and others. From then Airbus and MD
took a respectable share until MD
faltered and got swallowed by Boeing.
Lockheed chose to exit the market after the 1011's cool reception and concentrate on defense business, which they now dominate with Boeing a permanent second in that market. At the first sign of one of the majors going down, expect them to respond. Boeing does.
The low end has had so many competitors all along that Boeing backed off the 100 seat and below market.
Nowhere in this scenario did Boeing ever even come close to a monopoly or have the luxury of not listening to their customers. They may have, for a short time, acted as if they did, but that was at their own peril.
A monopoly can only exist when there is a barrier to entry. There is no barrier for a second manufacturer, never has been. A barrier obviously exists for a third player right now, but that could easily change seeing that historically there have been 3 or more large plane manufacturers and both Airbus and Boeing have huge backlogs.
Lack of sufficient market penetration potential is the key barrier in the specific case of commercial aviation as I see it, and no one manufacturer can cover the entire aviation market, it is simply too big and has been since the 1930's. I am starting to think that unless we see a huge downturn, the potential for a third player is increasing.
I know for a fact that any mention of the word monopoly is pure fantasy.