Airbus CEO: Global aviation duopoly destined to end

Airbus 380 giving double decker comfort

Airbus Chief Executive Thomas Enders has said the company's dominance of the global aviation industry alongside Boeing is destined to end as China and Russia develop their abilities to produce large commercial aircraft.

Speaking on a panel at the World Economic Forum in Tianjin, he said, 'I hope we will be able to cooperate with them, and we will be fierce competitors in other areas.'

China has set a target of 2020 for production of aircraft that will seat more than 150 passengers, which could compete against Boeing and Airbus.
Source: CNNMoney.com