Brussels takes a flier on Boeing
Thursday 19 December 1996
The astute will have noticed that neither of these companies is European, nor do they have operations of any significance in Europe. Indeed it would be hard to get much further away than the West Coast of the United States. They may also observe that the takeover will do very little to increase Boeing's market dominance, since McDonnell Douglas, a shadow of its former self, nowadays only accounts for 5 per cent of world airliner deliveries, most of which are in its own backyard.
The observant may furthermore have noticed that Airbus, Europe's home- grown answer to Boeing, has publicly asserted that the merger is a non- event which will have nil effect on its position.
Indeed, those people who know a thing or two about running airlines think it will actually bolster Airbus by reminding everyone that it is now the only alternative. None of this seems to bother Mr van Miert, who pronounces that the merger is "problematic", the inference being that he will have no hesitation in stamping on it if he does not like the cut of Boeing's cloth.
This is good old-fashioned trade imperialism - albeit of a kind that the Americans themselves have happily engaged in for 40 years or more. If Mr van Miert really thinks he is acting in the interests of European consumers, then he should think again.
- 1 East 17 bandmember Brian Harvey in 'very desperate situation’
- 2 Is this bridge haunted by the ghost of nu rave?
- 3 Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
- 4 The West has it totally wrong on Lee Kuan Yew
- 5 Scientists have discovered a simple way to cook rice that dramatically cuts the calories
East 17 bandmember Brian Harvey in 'very desperate situation’
Vladimir Putin says Russia will fight for the right of Palestinians to their own state
Is this bridge haunted by the ghost of nu rave?
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
Saudi Arabia says it won't rule out building nuclear weapons
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
JK Rowling responds to fan tweeting she 'can't see' Dumbledore being gay
Jeremy Clarkson sacked live: Alan Yentob 'wouldn't rule out' ex Top Gear host's BBC return
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans
The West has it totally wrong on Lee Kuan Yew
Revealed: Putin's army of pro-Kremlin bloggers
iJobs Money & Business
Negotiable: Recruitment Genius: To provide a prompt, friendly and efficient se...
Negotiable: Recruitment Genius: You will be the first point of contact for all...
£18000 - £24000 per annum + benefits: Ashdown Group: HR, Payroll & Benefits Of...
£35000 - £38000 per annum + benefits : Ashdown Group: A highly successful, int...