EU and Airbus

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Title: EU and Airbus

Essay Details:

Subject: Social Issues

Author: Carole G

Date: February 13, 2017

Level: University

Grade: B

Length: 10 / 2844

Essay text:

Today, Airbus produces around half of the world's jet airliners. Initially a consortium of manufacturers, Airbus is now a subsidiary of EADS (European Aeronautic Defence and Space Company), a European aerospace corporation. formed by the merger on July 10, 2000 of DaimlerChrysler Aerospace AG of Germany, Aerospatiale-Matra of France, and Construcciones Aeronauticas of Spain. After a difficult beginning, Airbus started eroding shares of the market from the previously established companies, eventually becoming one of the most prominent players in the aircraft market. This was also due to a growing backing up from the European Community, which foresaw the threats foreign companies (especially after the so-called "mega-mergers" of the ?90s, such as the Boeing-McDonnell Douglas one) were posing to such a vital industry...

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