The last time anyone looked Airbus and its parent EADS were about to go down in flames. Fedex has cancelled a major order for the Airbus 380 super jumbo jet and other customers were threatening the same. The great scales of commerce were shifting in the direction of Airbus rival Boeing.But, Airbus has finally gotten its A380 off the ground. It appears that the plan can even fly further that Howard Hugh legendary Spruce Goose, at one time the largest plane in the world.The Airbus 380 has now flown from France to Korea without incident. Not even air sickness. Government agencies like the FAA can now certify the jet. This gets Airbus back on the road to getting the plane to customers like Singapore Airlines.Boeing is hoping that Airbus customers who are sick of the delay will look at the newest version of the 747. And, the U.S. airframe giant may pick up a few dissatisfied customers.Boeing is trading like a company about to get some big orders. It stock is just shy of $86, very near a 52-week high. The stock is up from $50 less than two years ago.Boeing has had Airbus on the mat recently. But, at least the European aircraft firm is not grounded.Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
Airbus Digs Itself Out (BA)
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
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