We all have read newspaper articles and heard pundits discuss the major airline malaise. Now, it is being taken to a new level, a miserable un-American level by some of the major airlines. There has always been a rivalry between Boeing and Airbus. One is American-made and the other is European-made. Through subsidies and national investments the Europeans created an aircraft industry that has become a strong rival to Boeing.
The airline industry is in a bind. The major airlines, for the most part, have created a business where every time a plane takes off they lose money. From a small businessman’s point of view, this situation can’t last long without some “white knight” swooping in with a parade of wagons full of money.