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 Toddler throws a tantrum at the White House – in front of Barack Obama
- 2 Irish people are travelling home from all over the world so they can vote to legalise gay marriage
- 3 Picture of couple posing with beached dolphin 'that later died' causes outrage
- 4 16-year-old girl beaten and burned alive by lynch mob in Rio Bravo, Guatemala
- 5 Witch doctor arrested after forcing newborn baby to walk in Indian village
Toddler throws a tantrum at the White House – in front of Barack Obama
Maryland mother found pushing her dead child on a swing in a playground
16-year-old girl beaten and burned alive by lynch mob in Rio Bravo, Guatemala
Picture of couple posing with beached dolphin 'that later died' causes outrage
Nicola Sturgeon did want David Cameron to win the general election, report concludes
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
Report finds that Britain's wages are the most unequal in Europe
The day that Britain resigned as a global power
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland
iJobs Money & Business
£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...
£45,000 - £55,000: Neil Pavier: Are you looking for your next opportunity for ...
£45,000 - £55,000: Sheridan Maine: Are you a newly qualified ACA/ACCA/ACMA qua...
£50,000 - £60,000: Laura Norton: Are you looking for an opportunity within a w...