Aviation: Climbing Through the Clouds
Airlines helped to bring about globalisation, but their own industry is far from globalised.
The shifts in global aviation may affect builders of aircraft as well as buyers. Boeing and Airbus could lose their tight grip. Embraer in Brazil and Bombardier in Canada are moving up from smaller regional jets to big ones; and Russia's Irkut and China's Comac are entering the international market for single-aisle airliners. Ryanair has signed a co-operation deal with the Chinese company, with a view to using it as an alternative to Boeing, its sole supplier. As aviation goes properly global, so might the aircraft industry. Wherever you look, newcomers are muscling in on what was once a Western domain.
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