http://www.aljazeera.com/news/europe/2013/03/2013318114514190846.html
Airbus has just landed a record $20 billion deal with Indonesia's Lion Air which is one of the world's fastest growing and possibly the next major airline in the world. The Aviation industry is a natural oligopoly due to the need for access to huge funds and very sophisticated technology. This deal comes as a blow to the other major airplane manufacturer Boeing could lose it's grip on the fast growing airline. Countries in east Asia have been growing rapidly in most major industries including airlines. These rapidly growing countries provide multinational corporations such as Air Bus with with new untapped markets.
This is a really interesting article , this deal would certainly help in creating jobs and also this would help in recovery of both the economies .
ReplyDeleteIt sounded like indonesia's economy was relatively unaffected by the recession. It will be interesting to see how this will affect the in other airliners in Southeast Asia. In the US there was to much competition between airliners and as a result there have been several mergers, most recently between US Airways and American Airlines
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